By Stanislaw Staromlynski, i-PropertyAssets and Anna Grybel, Property Secrets
After a strong performance between 2005 and first half of 2007, when prices more than doubled, property markets in the main Polish cities have slowed down, in places dramatically.
This has mainly been caused by rising interest rates and declining affordability in the domestic market.
We believe that the slowdown was much needed in order to avoid overheating.
It is also likely that the Polish property market will follow the same pattern of development that Prague and Bratislava have done - after rapid growth, the market cools and consolidates only to enter the second phase of strong growth.