Poles expect further increase in property prices – ING

79 percent of Poles expect real estate prices in Poland to rise or rise significantly in the next 12 months, according to the ING Financial Barometer survey. In ING's assessment, however, a slowdown in property price growth seems likely.
The survey shows that the number of adult Poles expecting a further increase in prices is 15 percentage points higher than a year ago and means the highest increase among all 15 countries surveyed.
“Such a strong shift in expectations for an increase in property prices raises the fear that Poles will be more likely to buy housing in a hurry, because" it will not be cheaper "and for speculative purposes. Especially since there are currently no attractive alternatives when it comes to investing money. However, it can already be assumed that the heyday of the real estate market is coming to an end,”  Karol Pogorzelski, ING economist, said.
In his opinion, the slowdown in the Polish economy will gradually translate into weaker demand for housing.

(PAP)