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Polish property prices set to ease

The increase in prices of Polish property is expected to slow down in the coming years, according to estimates by an investment company.

Grzegorz Latala, chief economist at CU Investment Management, predicts that the growth in prices will amount to around seven or eight per cent per year, according to the Warsaw Business Journal.

This rate is lower than the degree of increase that is currently being measured.

Polish property saw a boom following the country's accession to the EU, with 25 per cent growth occurring in some cities in 2005.

Investment is currently needed in Poland, however, as there are a number of old properties in the country which require renovation.

Prices of land for development are also expected to decrease over the next four years, following the substantial rises that have been seen recently.

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