Real Estate /
Apartment purchase in Poland [226]
not sure i can agree with you on this lef... for sure at some point the property market in poland will flatten out but i dont think this is going to happen for a while... i also think that different locations and markets will rise as others quieten down...
i also believe that tourism in poland - from a british perspective - is hugely underdeveloped... at present, just people dont think of poland as a tourist destination but this will change... and probably change quickly... as more and more poles come to the uk and awareness is raised...
accessibility to poland is tremendous... its probably the best served european country as far as budget airlines go... cheap... really cheap... and quick to get to... you can fly in a couple of hours... which makes it possible for a weekend... and you can buy affordable property that the locals dont want to byuy within an hours drive from major airports... so far this is almost a totally untapped market...
prices are rising very quickly in sought after locations... one of the reasons for this is that properties are valued by what the owner thinks he can get for it... so he sees that a property is selling for X zl down the road and he sticks his property on for the same price... so the smart pole who thinks he can pick something up cheaply and do it up himself has to contend with the smart pole who thinks he can get more for his property than perhaps its worth...
you are right... like everywhere else some properties sell, some dont... but its not people who are coming to settle who are buying... its developers making money and in a couple of years time it will be the holiday homers with money to buy a nice place in the mountains or the lakes...
stock exchange is not a game i play... not interested in bits and paper although there is probably money to be made... give me bricks and mortar any day of the week... investment cycle moving from real estate to shares... hmmm.. maybe... but property is the safer bet...
... got an australian friend who goes on about buying shares... said his dad has been doing it for years and knows what he is doing... not that hes made any money... lives in adeliade... should have stuck his money in property... oh well...
If poland was to relax its laws, you will probally find a lot of Germans buying up big in the tri city (may not be good for the local pole)
I don't think every man and his dog in england will pack his bags and move to poland because of cheap homes..sorry
the laws getting relaxed concern buying land... and the houses sitting on land... germans have been buying up apartments in the tri city for ten years... and no... not every man and his dog will be packing up and moving to poland... that would be silly... but once its easy to buy a nice piece of land with a nice house on it by the lake and hour from the airport just 2 hours from london... see what im saying...