The bargain price of the apartment: if it is less than the advertisement

These are the conclusions based on data published by the Polish National Bank for the first quarter of 2022. It turns out that the largest differences between the bid price (from the advertisement) and Transaction price (in the contract of sale) Occurred in Poznan – an average of 23.3 per cent. In practice, this means that buyers were able to reduce the price by an average of PLN 1,000. PLN 780 for square meters of the apartment.

Such significant differences may indicate that the initial expectations of sellers of used apartments during the presentation of the offer and final negotiations are subject to serious verification – writes Bankier.pl.

The difference in Krakow was 18.4%, an average of one thousand. 844 PLN per square meter of the apartment. In Warsaw, 16.7 per cent, equivalent to 1,000. 915 PLN per square metre. According to a Cenatorium report, the larger the apartment, the easier it is to get a lower bargain price.

The rest of the article is below the video

See also: Where are the biggest price increases? Practically everything is more expensive.

Flat sale. Expectations vs Reality

The portal reports that in the first three months of 2022, compared to the previous quarter, the average price in advertising in the secondary market of Wroclaw increased by 8%. Meanwhile, the average transaction price at that time grew by only 2.8%. This illustrates the stratification between sellers’ expectations and their property appraisal, and buyers’ expectations and possibilities.

Because you have to remember that Nine-month interest rate hike Affected the cost of mortgage loans, reduced creditworthiness and, as a consequence, limited lending. We also read “According to the data of the Central Bureau of Statistics, developers are responding to weak demand in the housing market, which may lead to the need to review price lists.”

In April 2022, construction of 11,000 units began. 95 apartments 15% lower than in March. But when we look at the data from April 2021, we find that the decline is close to 27 percent.

Rate our article quality:

Your feedback helps us create better content.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Additional PLN 450 million to the Moje Prąd program budget – AgroNews – Agricultural News

Interest in co-financing of people who want to generate energy for their…

HOPE THE BLUE PROBLEM OF HYDROGEN FUEL

The day before yesterday, the British authorities presented their idea. They want…

Five of the most interesting events in the economy right now

The European Commission will want to increase membership fees from countries belonging…

It worked one day. This is her pension

He means pension In Poland the total amount is PLN 3,500. However,…