Real Estate /
How do I look for property in the Sopot area? [45]
I've a friend who ha brought property in one of the towns surrouding the Tri-City, there are lots of new build flats to buy off-plan as well as "pod klutch" (s'excuse my Polish) which means ready to move in. One cost approximately £14k one year ago and is now valued at around £29k. Which for one year is a healthy increase. The rental yield is minimal.
However, the property will in the short term continue to appreciate rapidly till until 2012 when the Euro is introduced.
Due to market nerves from the 2012 largescale monetary upheavel, the housing market will probably dip, and then level at a correct European median. The factors which are key to Polands continued growth and future economic prosperity are; an economically liberal government with low buisness taxes, as well as socially progressive social reforms. The buisness stimulus for this progressive buisness statergy, is impart being both stimulated and advertised by the future Euro 2012, where both international and European money will be pumped in directly and through loans to the government.
The current generation from 20 to 30 year old are in much greater contact through family friends, as well as media to the western experience. The knowledge glean from the west when amalgamated with the eastern promise will pay large dividens. The crux of this is the double taxtion laws, which although now change still have several retrospective year's application. This prevents many young Poles from returning to Poland. Once this issue as Tusk has recently promised, is sorted and stopped: many Ples will be able to lift their self imposed financial exile.
