The great property boom and bust of previous years has been a shock to the market across Poland.

Report by John Beauchamp

It is inextricably linked to the financial crisis, which, after all, was set off by subprime mortgage lending, but cities such as Krakow, which recently polled higher real estate prices per square metre than the capital Warsaw, have been hard hit the most.

Although the bubble has burst and prices are set to becoming more stable, the market is still in stagnation as banks are not so ready to hand out mortgages.

We interview Tom Leach, director of Leach and Lang Estate Agents based in Krakow, and Wojciech Witek, an architect working on new property developments.