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Poland: real estate becomes cheaper

February 24th, 2009

Experts of the Polish real estate market predict that cost of apartments in the country will fall within the next few months.
In January cost of sq. meter in annual calculation has decreased on 12,4 % in Opole, on 11,4 % - in Krakow and on 10,7 % - in Sopot. Besides, the prices have fallen in other cities of the country - Katowice, Gdansk and Warsaw.
According to the Polish developers association, the beginning of this year sales volumes of apartments in the country reduced on 70-80 % concerning the similar period of 2008.

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