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Yes, Prague is the extreme place to live.
by neon_me 5y ago
Yes, Prague is the extreme place to live.
- inglor_cz 5y agoInterestingly, Warsaw is much more affordable. They also build a lot more condos there. AFAIK around 100 000 new housing units were built in Warsaw in span of just 5 years. That pushes the prices down.
- ptsneves 5y agoIn Poland there is anew term called pato-developer, from patological developer. Patologia is a common derrogative for something not good. The pato-developer thing comes from the fact that many of these new apartment complexes often make huge compromises on quality or amenities. A common complaint is very thin walls or apartments with windows facing a few meters from neighbors. Search in youtube for pato developer and you will see some really comical videos. It is very not ideal, but even so it provides a huge pressure relief on housing demand and kind of allows young people the ability to afford something to start a family. Real estate is even so often used as an investment but I think with the current interest rate hikes the crazy valuations on the main cities will come down.