PolandCapital: Warsaw
Language(s): Polish
Population: 38,115,967
Total Area: 312,685 km²
GDP (in billion USD): 514

Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine & Belarus to the east.

Poland's property market remains weak, with the domestic economy slowing, mainly due to the Eurozone debt crisis. During the year to end-December 2012, the average price of apartments in Warsaw, dropped by 2.49% to PLN8,002 (US$2,565) per square meter (sq. m), according to OberHaus. House prices in other Polish cities fell more.

Poland's property market is expected to remain weak in 2013, as unemployment rises to a record high. In 2012, the total number of dwellings completed increased by 16.5% to 152,527 units from a year earlier, based on preliminary data released by the Central Statistical Office (CSO). However, the number of permits granted dropped by 10.3% y-o-y to 165,092 in 2012, while dwellings under construction fell by 12.6% y-o-y to 141,798.


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