Interest rates in the 80s were high compared with now but over a longer span they were low. When they rose towards the end of the decade property prices fell and rose again in the late 90s when interest rates rose. Maybe it's you talking rubbish but then I'm too polite to suggest that.
Not very clear. Anyway, Poland is empty now, so houses WOULD be cheap there!No they're not! They're not rising at all. The rate at which they are going down is varying but they have fallen year on year since 2008! Look at the graph. At no point since 2008 have property prices risen - it says they kept falling.
Example very loosely based on that second graph about annual % change in prices:
Haha... Yes, and people were required to make substantial monthly payments into a repayment method. The removal of this requirement, along with greater salary multiples and longer terms, has allowed people to borrow more, which has pushed up house prices to ridiculous levels that benefit only the relatively empowered and better off.
you've only shown the last few yearsErr...nope.
I bet that graph was produced originally to illustrate the recent boom in Poland's population... i.e. less than 1% growthErr...nope.
you keep digging. Not sure why you are going on about Poland. This my friend is NOT Poland. Well not yet.
I thought you were stating the obvious, but you've still managed to find people willing to argue with you.
you know what I'm like!
