Apartment prices in Warsaw drop

Warsaw's residential market has recorded a drop in apartment prices on an average of 12 percent, according to a report published by real estate agency Emmerson. In Q3 2008, the average price for sqm of an apartment was zł.1,150 lower than the asking price.

According to the report, the most expensive districts in Warsaw in Q3 2008 were Żoliborz and Śródmieście. The transaction prices there ranged from zł.9,550 to zł.10,750 per sqm, while the asking prices were between zł.10,090 to zł.12,910 per sqm. Meanwhile, northeastern Warsaw districts of Targówek, Rembertów and Białołęka recorded the lowest transaction prices ranging from zł.6,760 to zł.7,240 per sqm. (ZN)

Source: Puls Biznesu