“There are still arguments for an increase in real estate prices”
In an interview with Interia Biznes, Bartłomiej Annusewicz, Managing Director of Lions Estate, talks about the situation on the real estate market
“We have had a good boom in the real estate market for several years. The last year has been special. The pandemic has brought uncertainty. So people have started to put their money in places they perceive as safe. There is a lot of money on the market that has been pulled from the banks, because keeping it there is not going to stay there. pays off “- says Bartłomiej Annusewicz, expert of the Lions Estate real estate agency.
However, he does not agree that we are seeing “sheep’s rush” on the market. Especially shopping in the premium sector is more thoughtful. On the other hand, property owners are reluctant to get rid of them because they expect prices to rise further. What would the rest of them do with the money they got? – the expert asks rhetorically.
The popularity of small flats bought for investment purposes or for short-term rental has relatively decreased. The pandemic has hit this business hard. We have started to appreciate the space in which we live more, today we pay less attention to communicating the property, e.g. the proximity of the workplace – it is hardly surprising, since so many people work from home – notes Annusewicz.
In his opinion, prices will continue to rise, because there are many factors that affect it – limited supply of land, a smaller number of commenced investments due to weaker work pace of offices in the pandemic, an increase in the prices of materials and labor costs.
“It is difficult to give buyers one advice, because they have very different goals and preferences. We buy real estate for ourselves in a completely different way than for rent. It is worth checking the prices very carefully, because in some locations they can be very high. There are places, for example, in Warsaw, where prices They surprise me, the risk of buying on a price “hill” is already very high – admits the Lions Estate expert.
“Over the next few years, prices will increase, although the pace may change. Although we have already exceeded the 2007 price ceiling, in other countries this breakthrough is even more evident. There are definitely more factors for growth than risk factors” – concludes Bartłomiej Annusewicz.
You can see whole interview on website www.biznes.interia.pl