Barren land

No data exists on how much land prices have fallen. 
We can only guess the extent, since we are awaiting the signing of the first transactions since the crisis began Emil Górecki All the land market experts who agreed to talk to us about this issue agree that land prices are slowly dropping, but none has been able to support their claims with hard facts. And the reason for this is that it still seems to be too soon into the economic crisis to close any deals. According to Maciej Wójcikiewicz, director of CB Richard Ellis’ valuation department, referring to a plot in the Młociny district of Warsaw put up for sale at 30 pct below the price offered a year ago: “Buyers are not buying and sellers continue to have excessive price expectations. Most major developers have established land banks, and plots will become cheaper. I’m sure that last year’s lowest price level will be seen as excellent in 2