The prices will grow for flats on Polish property market, most of the specialists agreed during today’s CEDEP 2012 Residential Conference CEE, but it could take more than five years. The reason is that supply levels remain high in 2012, as many projects are underway and completing across Poland. Transaction volume has also increased, but the size of the deals is falling, as mortgage lenders reduce the amount they’re willing to hand out to the average Pole. “The banks will legalize the developers to carry out the projects” said Krzysztof Czerkas, BRE Bank Hipoteczny Management board during the conference. Though the banks are the reason for the current situation on the financial market, as they mortgage policy has been unstable over the past few years. “The Polish residential market is getting more mature”, said Bruno Le Corre is, the new CEO of Bouygues Immobilier Polska, affected by this new situation.
