Poland
For centuries, Poland has been a bridge between the East and West. Set in the heart of Europe, Poland is a multifaceted country where the capital and medieval towns are trawled by contemporary city slickers, and where horse-drawn carts negotiate country lanes, untouched by progress. From sandy beaches in the north and snowy slopes in the south, Poland offers picturesque settings, culture and history throughout.
Poland’s economy has slowly been increasing year on year since the last 90’s. With tourism reaching more than 15 Million tourists per year and with them winning the rights to hold 2012 European football tournament tourism is set to grow further, provide the requirements for further accommodation and offer the opportunity of large capital growth.
Again, with low cost airlines like easy jet, Poland is now accessible for low prices from most places in Europe, and with the polish government spending huge amounts of money trying to improve the infrastructure and encourage the visitors to return year after year this can only have a positive effect on overseas property and real estate prices
Mortgages in Poland have only been recently introduced, but borrowing is now becoming far popular with Poland becoming more Westernised each year. With mortgages now become considered with the local people, the second hand market will grow in strength and help give the investors outside of Poland that added security.
Why Invest In Overseas Property & Real Estate In Poland
- In the next several years Poland stands a chance to become the manufacturing hub of Europe.
- Poland is the biggest of the new EU member states.
- High long term property capital growth.
- Emerging property rental market.
- Poland is in the middle of a massive construction project which will make the country far more accessible by road.
- Property demand outstripping supply by 1.7 million units in 2006.
- No local Capital Gains Tax if a property is held for five years or more.
- Property values soared 33% last year.
- Poland has jumped to the top of the European house price growth league table.
- Emerging property market with low prices.
- Huge room for property growth and development.
- Poland gave a 165 per cent total cash return in the first quarter of 2007.
Key Facts
Capital:Warsaw
Money:Zloty
Language:Polish
Flight time from UK:2 hrs
2006 property Growth:33%
Potential Rental Yields:8-10%
