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Polish Property Bubble
Real estate prices rose drastically from 2002 to 2008 in Poland. Between June 2006 and June 2007 the average price of one square metre of residential area in Warsaw rose from 6,683 PLN (1,636 EUR) to 9,540 PLN (2,519 EUR), or 50% in euro terms.Prices of flats in Warsaw
Real Estate Statistics - 2007: Retrieved 4 November 2013
A peak in prices occurred in autumn 2008 as the average price of a square meter of residential space in started to drop by 5% in terms or 10% per year in real terms.
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Piaski Nowe 02
Piaski (meaning "sands" in Polish) may refer to: Greater Poland Voivodeship *Piaski, Gniezno County *Piaski, Gostyń County * Piaski, Kępno County * Piaski, Konin County * Piaski, Krotoszyn County *Piaski, Nowy Tomyśl County * Piaski, Rawicz County Kuyavian-Pomeranian Voivodeship * Piaski, Grudziądz County * Piaski, Świecie County * Piaski, Włocławek County Łódź Voivodeship * Piaski, Gmina Bolesławiec * Piaski, Gmina Grabów * Piaski, Gmina Kleszczów * Piaski, Gmina Konopnica * Piaski, Gmina Lututów * Piaski, Gmina Świnice Warckie * Piaski, Gmina Szadek *Piaski, Gmina Wieluń * Piaski, Łowicz County * Piaski, Piotrków County *Piaski, Radomsko County * Piaski, Gmina Zduńska Wola Lublin Voivodeship * Piaski, Łuków County *Piaski, Świdnik County * Piaski, Włodawa County Masovian Voivodeship * Piaski, Garwolin County * Piaski, Piaseczno County * Piaski, Płock County * Piaski, Gmina Jedlińsk * Piaski, Sierpc County * Piaski, Wołomin County Podlaskie Voivodes ...
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Warsaw
Warsaw ( pl, Warszawa, ), officially the Capital City of Warsaw,, abbreviation: ''m.st. Warszawa'' is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland, and its population is officially estimated at 1.86 million residents within a greater metropolitan area of 3.1 million residents, which makes Warsaw the 7th most-populous city in the European Union. The city area measures and comprises 18 districts, while the metropolitan area covers . Warsaw is an Alpha global city, a major cultural, political and economic hub, and the country's seat of government. Warsaw traces its origins to a small fishing town in Masovia. The city rose to prominence in the late 16th century, when Sigismund III decided to move the Polish capital and his royal court from Kraków. Warsaw served as the de facto capital of the Polish–Lithuanian Commonwealth until 1795, and subsequently as the seat of Napoleon's Duchy of Warsaw. Th ...
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Bank Of Poland
The Bank of Poland (Bank Polski) is the name of two former banks in Poland, each of which acted as a central bank. The first institution was founded by Prince Francis Xavier Drucki-Lubecki in 1828 in the Kingdom of Congress Poland. The second was established in 1924 under the Second Polish Republic by Prime Minister Władysław Grabski and was liquidated in 1952. Their legacy is continued by Poland's present central bank, the National Bank of Poland (NBP), founded in 1945. History The first Bank of Poland was founded in Warsaw in 1828 by Prince Drucki-Lubecki. An institution of the government of the Kingdom of Poland, it was entitled with issuance of the Polish currency as well as control over the credit rates. It was also entitled with a concession to operate foreign currencies and buy off credits issued by foreign companies and banks. Throughout its existence, the Bank of Poland was allowed to issue banknotes and coins up to the amount of its stock (initially 30,000,000 zł ...
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Urbanization
Urbanization (or urbanisation) refers to the population shift from rural to urban areas, the corresponding decrease in the proportion of people living in rural areas, and the ways in which societies adapt to this change. It is predominantly the process by which towns and cities are formed and become larger as more people begin living and working in central areas. Although the two concepts are sometimes used interchangeably, urbanization should be distinguished from urban growth. Urbanization refers to the ''proportion'' of the total national population living in areas classified as urban, whereas urban growth strictly refers to the ''absolute'' number of people living in those areas. It is predicted that by 2050 about 64% of the developing world and 86% of the developed world will be urbanized. That is equivalent to approximately 3 billion urbanites by 2050, much of which will occur in Africa and Asia. Notably, the United Nations has also recently projected that nearly all gl ...
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Housing Estate
A housing estate (or sometimes housing complex or housing development) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country. Popular throughout the United States and the United Kingdom, they are often areas of high-density, low-impact residences of single-family detached homes and often allow for separate ownership of each housing unit, for example through subdivision. In major Asian cities, such as Hong Kong, Kuala Lumpur, Shanghai, Shenzhen, Singapore, Seoul, Taipei, and Tokyo, an estate may range from detached houses to high-density tower blocks with or without commercial facilities; in Europe and America, these may take the form of town housing, high-rise housing projects, or the older-style rows of terraced houses associated with the Industrial Revolution, detached or semi-detached houses with small plots of land around them forming gardens, and are frequently without commercial facilities an ...
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Łódź
Łódź, also rendered in English as Lodz, is a city in central Poland and a former industrial centre. It is the capital of Łódź Voivodeship, and is located approximately south-west of Warsaw. The city's coat of arms is an example of canting arms, canting, as it depicts a boat ( in Polish language, Polish), which alludes to the city's name. As of 2022, Łódź has a population of 670,642 making it the country's List of cities and towns in Poland, fourth largest city. Łódź was once a small settlement that first appeared in 14th-century records. It was granted city rights, town rights in 1423 by Polish King Władysław II Jagiełło and it remained a private town of the Kuyavian bishops and clergy until the late 18th century. In the Second Partition of Poland in 1793, Łódź was annexed to Kingdom of Prussia, Prussia before becoming part of the Napoleonic Duchy of Warsaw; the city joined Congress Poland, a Russian Empire, Russian client state, at the 1815 Congress of Vien ...
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Gdańsk
Gdańsk ( , also ; ; csb, Gduńsk;Stefan Ramułt, ''Słownik języka pomorskiego, czyli kaszubskiego'', Kraków 1893, Gdańsk 2003, ISBN 83-87408-64-6. , Johann Georg Theodor Grässe, ''Orbis latinus oder Verzeichniss der lateinischen Benennungen der bekanntesten Städte etc., Meere, Seen, Berge und Flüsse in allen Theilen der Erde nebst einem deutsch-lateinischen Register derselben''. T. Ein Supplement zu jedem lateinischen und geographischen Wörterbuche. Dresden: G. Schönfeld’s Buchhandlung (C. A. Werner), 1861, p. 71, 237.); Stefan Ramułt, ''Słownik języka pomorskiego, czyli kaszubskiego'', Kraków 1893, Gdańsk 2003, ISBN 83-87408-64-6. * , )Johann Georg Theodor Grässe, ''Orbis latinus oder Verzeichniss der lateinischen Benennungen der bekanntesten Städte etc., Meere, Seen, Berge und Flüsse in allen Theilen der Erde nebst einem deutsch-lateinischen Register derselben''. T. Ein Supplement zu jedem lateinischen und geographischen Wörterbuche. Dresden: G. Schönf ...
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Poznań
Poznań () is a city on the River Warta in west-central Poland, within the Greater Poland region. The city is an important cultural and business centre, and one of Poland's most populous regions with many regional customs such as Saint John's Fair (''Jarmark Świętojański''), traditional Saint Martin's croissants and a local dialect. Among its most important heritage sites are the Renaissance Old Town, Town Hall and Gothic Cathedral. Poznań is the fifth-largest and one of the oldest cities in Poland. As of 2021, the city's population is 529,410, while the Poznań metropolitan area (''Metropolia Poznań'') comprising Poznań County and several other communities is inhabited by over 1.1 million people. It is one of four historical capitals of medieval Poland and the ancient capital of the Greater Poland region, currently the administrative capital of the province called Greater Poland Voivodeship. Poznań is a center of trade, sports, education, technology and touri ...
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Kraków
Kraków (), or Cracow, is the second-largest and one of the oldest cities in Poland. Situated on the Vistula River in Lesser Poland Voivodeship, the city dates back to the seventh century. Kraków was the official capital of Poland until 1596 and has traditionally been one of the leading centres of Polish academic, economic, cultural and artistic life. Cited as one of Europe's most beautiful cities, its Old Town with Wawel Royal Castle was declared a UNESCO World Heritage Site in 1978, one of the first 12 sites granted the status. The city has grown from a Stone Age settlement to Poland's second-most-important city. It began as a hamlet on Wawel Hill and was reported by Ibrahim Ibn Yakoub, a merchant from Cordoba, as a busy trading centre of Central Europe in 985. With the establishment of new universities and cultural venues at the emergence of the Second Polish Republic in 1918 and throughout the 20th century, Kraków reaffirmed its role as a major national academic and a ...
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Economic Stagnation
Economic stagnation is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment. Under some definitions, "slow" means significantly slower than potential growth as estimated by macroeconomists, even though the growth rate may be nominally higher than in other countries not experiencing economic stagnation. Secular stagnation theory The term "secular stagnation" was originally coined by Alvin Hansen in 1938 to "describe what he feared was the fate of the American economy following the Great Depression of the early 1930s: a check to economic progress as investment opportunities were stunted by the closing of the frontier and the collapse of immigration". Warnings similar to secular stagnation theory have been issued after all deep recessions, but they usually turned out to be wrong because they underestimated the potential of existing technologies.Pagano and Sbracia (2014"The secular stagnation hypo ...
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Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark and Sweden. ...
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Economy Of Poland
The economy of Poland is an industrialized, mixed economy with a developed market that serves as the sixth-largest in the European Union by nominal GDP and fifth-largest by GDP (PPP). Poland boasts extensive public services characteristic of most developed economies. Since 1988, Poland has pursued a policy of economic liberalization but it retained an advanced public welfare system. This includes universal free public healthcare and education (including tertiary), extensive provisions of free public childcare and parental leave provisions. The country is considered by many to be a successful post-communist state. It is classified as a high-income economy by the World Bank, ranking 23th worldwide in terms of GDP (PPP), 22nd in terms of GDP (nominal), and 23th in the 2018 Economic Complexity Index. The largest component of its economy is the service sector (62.3.%), followed by industry (34.2%) and agriculture (3.5%). With the economic reform of 1989, the Polish external de ...
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