Real Estate / Bulgarian and Polish market [11]

Hello Ivi,

Just going on from your thread how do you target the Russian market - which exhibitions (if any), which publications (if any) or do you work with a network of Russian agents? OR all of the above. I would be interested in any feedback. This relates to the the up and coming project detailed below, possible of some interest to you.

solasnualtd.com

Real Estate / Off plan investment Lodz [3]

Hi Sidney. I know Lodz quite well and I know the area you are looking at. It is about 15 minutes taxi ride form the the main Piotrkowska Street which is where the main restaurants, shops and bars are. You are a similar distance form Manufactura - the main big shopping centre in Lodz. I would suggest that you would not want to pay anymore than the 5700 PLN /m2 given where it is and the 10% deposit and balance on completion is not unreasonable. The garage price is about right. Lodz is changing and re-development will start at the centre of Lodz and work it's way out. You don't have to travel very far out from Lodz to see that areas need re-generating. This will happen but it will take a while. Personally I would try and find something closer to the centre or in a better area. It may cost more but the key to all investments is as the old saying goes, location, location. Even more so if the economy turns down. Long term I believe Poland to be a good investment.

Real Estate / Buying a new development in Lodz - advice wanted [14]

The Lofts at U Scheiblera when finished will be nice, really nice. The immediate area will be regenerated and will have some wonderful facilities. I have been going regularly now for 2 1/2 years and visit every 5 - 6 weeks. Every time I go back I see more and more changes (for the better). The near by textorial-park for example will provide a new business park (see link textorial-park.pl which will attract professional businesses.

U Scheiblera is not the cheapest development, you will find cheaper, but then there is nothing else really quite like it in the city and quality will always sell. There are more attractive cities in Poland no doubt but property there has already increased lots. Lodz has loads of potential, thats what makes it particularly attractive for me.

Real Estate / Bulgarian and Polish market [11]

Hi - UK is not very good at the moment - depending on your position that is. If you own property not so good as it is falling - estimates range from 8% - 20% this coming year, and depending where in the country you buy. This is only bad news if you need to sell, if yo don't need to sell it doesn't really matter if property falls and later recovers. The South of the UK is the strongest place economically and will resist the slow down the most. However this is an economical cycle we are in and property will return, the general feeling is that it may be 18 months - 2 years before property starts to go back up. I will start to look at buying in the UK in about a years time when I feel property would have bottomed out

Travel / "Ryanair cuts 11 routes to Poland" [29]

Thread attached on merging:
RYAN AIR CUT FLIGHT TO POLAND

I have just heard that they are stopping flights to Lodz..... does anyone know if this permanent or temporary ?

Travel / "Ryanair cuts 11 routes to Poland" [29]

Flights to Lodz finish in October..... there is nothing else going from the UK to Lodz now or later. This is going to be a big problem for businesses that have relocated there and for those who want to come to the UK for work........ I have to be honest I hate Ryanair, if you have ever flown with them they really crank the charges up if you go over the 15KG weight limit and the size of the flight bag specified you take on the plane is smaller than the industry standard.... which means in theory I can't even take my lap top on board. One cup of coffee and and a sandwich £7.00 - yeah very low cost. I just hope an alterantive carrier steps in.

News / Zloty goes down, good news for ex-pats in Poland [18]

The pound is undervalued, sure we have problems maybe big ones but then so does every country..... Polands interest rates are heading south and that will reflect in the coming months in the zloty dropping against the pound, I can see it hgoing back to 5.80