Sunday, May 18, 2008

What's the Hotest Housing market in Europe?

According to Forbes....
Those living in Poland, the European Union's fastest-growing housing market. It tops the RICS survey of 21 leading economies in Europe. House prices there grew at the phenomenal rate of 28% in 2007.
Poland: 28%
House-price inflation was sharpest in Central and Eastern Europe, and Poland's growth was practically off the charts in 2007. The price per square meter of new apartments in the bustling capital city of Warsaw more than doubled between 2004 and 2007. But a slowdown is expected to start 2008. Borrowing costs in Poland are rising, thanks to increasing interest rates, and foreign investors are catching on that prices are peaking. Less people have been buying the country's raft of vacant and unfinished properties.

Interesting...who would have thought?

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