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Another Interesting Polish Real Estate Article


scorpio 20 | 188  
1 May 2008 /  #1
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.
BubbaWoo 33 | 3503  
1 May 2008 /  #2
...beautiful waterfront paradise, the city of Hel, on the Hel peninsula. The site is what Polimeni calls "the Hamptons of Poland."

the peninsula is a stunning place for a vacation property and there are some equally stunning properties being developed. theres only one road in and out though, which is a bugger andywhere near high season

interesting article though i am not sure i agree with everything he says!
Harry  
1 May 2008 /  #3
Curious that he says Romania is further along with its development than Poland. The reality would be more that Romania's bubble is even more over-inflated than Poland's but you're never going to hear a developer say the word 'bubble'.

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