Has Poland's property market hit rock bottom? And latest rental/sales data preview

Property Secrets Newsletter No. 175 | 20/02/09

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Poland property market hits rock bottom - or does it?

Contrasting views regarding the Polish property market on the website this week, as we interview President of redNet Property Group, Robert Chojnacki and our analyst Anna Grybel-Kloc (a Pole herself) gives the Property Secrets view.

Robert thinks the worst is behind us. The National Bank of Poland's experts think that falls of as much as 20% could happen in the next few years. As Anna explains, the Property Secrets view is somewhere between the two.

Links to the interview and Anna's article later in this newsletter, but we're very interested in your view, whether you've invested in the country or not. Let us know your thoughts on the PS Forum. Don't forget you can leave your comments at the bottom of the articles too, which appear directly in the Forum anyway.

Speaking of Poland, we'll soon be publishing the latest rental and sales data from i-PropertyAssets in our latest Market Performance Reports. It's taken longer than usual to gather this data for every unit as our analysts have understandably been focused on other things in the current climate, but it's all been brought together now and we'll be publishing towards the end of next week.

We'll have Market Performance Reports on the Czech Republic, Poland and Slovakia, all containing real, achieved rental data and yields and sales and profits. The reports are very much data driven, but do contain a summary of each market. I've seen some of the data and the yields especially look good. Long term holds seem to be the way to go.

More on this next week though.

Cheers

Newsletter Editor

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Articles

17 Feb 09 | Interview with Robert Chojnacki
redNet says: The market in Poland has hit the bottom!
We asked our partner and expert in Poland Robert Chojnacki, president of redNet Property Group, about the current state of the Polish property market. Is the worst behind us?

19 Feb 09 | By Anna Grybel-Kloc
Poland's Economy: What will happen next and how will it affect property investors?
Economic isolation is not an option for Poland and the economic downturn is making itself felt. So, what does it mean for property investors?

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By Robin Bowman

Finance Watch | 19 Feb 09
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By Nigel Hodges

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Research & Analysis

Cyprus Property Market Profile
What a united Cyprus would mean for property investors

Updated for 2009, we take a close look at what a reunification in Cyprus would do for the property market, investors in Cyprus and the country as a whole.

There has never been a stronger possibility of the reunification of Cyprus. The election in the Republic of Cyprus (the South) of Demetris Christofias as President has renewed hope following the rejection of the United Nations Annan Plan in 2004.

In the latest research report from Property Secrets - the updated Cyprus Property Market Profile - we look at the prospects for a united island and what it may mean for both the economies of the North and the South and, by consequence, the property markets of each, but especially the property market in the North.

Included in the report is a brief history of the island and its split in 1974, the various attempts at a resolution since and just why there is genuine hope now.

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