Real Estate /
Apartment purchase in Poland [226]
I may be wrong, time will tell, I just believe that property market will not keep on going up and up in poland. I would agree that in sort after locations and here I mean location, location, location it will always do well.
And who will buy all these properties at 400000/600000 zl a pop, not the average pole, the local pole is smart enough to buy something cheap and do it up himself.
On the same point, if you had to rent out the property, how much could you charge? keeping in mind the average wage in poland is 2500zl a month.
Like everywhere else some properties sell, some don't. The thing going for poland at the moment is that a person wanting to settle in poland from overseas, can still get a good house at a quarter of the price from where they came from.
If I was buying a house in poland, I would buy a period style house and do it up to live.
Just something to think about, I believe the biggest wild card in poland today is the stock exchange, poland has a growing ecomomy and you could probally pick up good shares at basement prices. remember the investment cycle moves from real estate to shares, then shares to real estate. (think about it)