15.03.2013 - Poland property: Have we seen the bottom?
It’s hard to get consumers to ramp up spending when residential property prices are slumping – the wealth effect drags down spending, as economies ranging from Spain and Ireland to the US have found in recent years. Poland has been hit by the same phenomenon – one of the many reasons that retail spending has slumped, helping drag down the country’s economic performance. Polish residential real estate prices have been steadily falling for five years – but that trend may now be changing.......................................Full Article: Source
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