In "Newsday" recently a nice article on Polish real estate appeared, entitled: newsday.com/business/ny-bzwagn0422,0,3584692.story - Developer Polimeni finds paradise in Poland".
Some quotes from the article:
- ...beautiful waterfront paradise, the city of Hel, on the Hel peninsula. The site is what Polimeni calls "the Hamptons of Poland."
- "It's where everyone wants to be," he said.
- "The country's on fire," Polimeni reported fresh off the plane yesterday.
- "It's almost the reverse of what's happening here (USA)," he says. "The economy (Poland) is growing in leaps and bounds, where here (USA) we're looking at a potential disaster."
- "In Poland, meanwhile, the biggest problem is construction costs. There are labor and material shortages, and projects now cost about double what they did 10 years ago. But that barrier isn't high enough to slow him down."
Interesting view point on the Polish property market from Mr. Polimeni.
Note: There are many views on the current property market in Poland, and where it is headed. Use caution and your intelligence when choosing to invest in property anywhere.
Some quotes from the article:
- ...beautiful waterfront paradise, the city of Hel, on the Hel peninsula. The site is what Polimeni calls "the Hamptons of Poland."
- "It's where everyone wants to be," he said.
- "The country's on fire," Polimeni reported fresh off the plane yesterday.
- "It's almost the reverse of what's happening here (USA)," he says. "The economy (Poland) is growing in leaps and bounds, where here (USA) we're looking at a potential disaster."
- "In Poland, meanwhile, the biggest problem is construction costs. There are labor and material shortages, and projects now cost about double what they did 10 years ago. But that barrier isn't high enough to slow him down."
Interesting view point on the Polish property market from Mr. Polimeni.
Note: There are many views on the current property market in Poland, and where it is headed. Use caution and your intelligence when choosing to invest in property anywhere.