Green Shoots - Economic indicators are beginning to have more relevance...finally.
Welcome to the new normal. Our last post made the point that we would simply not get involved in the projection game until there was a clearer picture of what was going on in the economy. We are getting closer to that point and the recent report from the EC Summer Economic Forecast puts some meat on the bones of previously sketchy data.
If you think you know what's coming, you're wrong.
As we enter month two of our "please give me your Netflix password" period, there is no shortage of people who can tell you what will happen in the future. Whilst there is nothing wrong with listening to educated experts suggesting possible outcomes, declarative economic statements should be eyed with suspicion.
What a year it's been for both the Polish economy generally and the Polish property market in particular. Growth in the number of new build properties, prices and mortgage approvals all exceeded official forecasts. Unemployment, despite increasing marginally in the last quarter remains at an historic low of 5.1 % and salaries have increased on average by 6% in 2019.
According to a recent report from the NBP's Dept. of Economic Analysis the expected 2020 legislation in Germany, allowing work permits for non-EU citizens, may result in a reduction of the number of Ukrainians working and living in Poland by 20 to 25 % from current levels.
There are lots of articles out there that detail the different types of Air Conditioning to get this summer. From the small portable units with their varying prices, energy efficiency and bacterial effects to the built-in multi-room wall controlled ones, there is a lot to choose from.
In partnership with The Krakcast podcast, a popular and growing Krakow based podcast for Expats, members of the BigDoor24 team provide expert insights on Polish property, including Polish rentals, buying in Poland, Polish Mortgages and more
In partnership with Wroclaw Uncut, The premier English language Wroclaw magazine, BigDoor24 will be publishing exclusive Wroclaw centered articles on renting, buying , letting or selling property in Wroclaw.