considering purchasing an apartment in Siemiradzkiego 25 Krakow

I am considering purchasing an apartment in Siemiradzkiego25 Krakow. See siemiradzkiego25.com for description. Does anyone have any knowledge on this developemnt and is it a good area etc. All comments welcome.

only 10 minutes walk to the main square ..... nice location:-)

Just be careful onwho you are purchasing from .

Yes, it's a good area. I remember the building from a couple of years ago when it was still a wreck and they seem to have done a nice job on the outside.

Good area, nice building. I have been going inside on a regular basis since they started renovation works on it in early 2007. It's interesting to see how much work is required to get an old building up to 21st century standards. Whillst you will pay for the privilege of buying in such a building, at least you have peace of mind that everything is new and will work. You won't get this in the average old Krakow kamienica. The other thing you won't get is old neighbours with old rivalries fighting amongst themselves and looking for fights to pick.

sigh :) so true!

what do you mean, who should i be careful of.

If DjK is saying to be careful in general, well fair enough. However, I can assure you that you don't need to be careful about the developer of this project.

Our agency has sold a few apartments in this building. Our buyers have already completed the purchase and are now fitting them out ready for habitation.

It's not like a new-build development where there may be doubt over whether the building will be built or the standard of the works. It is finished and ready to go and what you see is what you get.

The price looks ok too on this thread

viewr.com/properties.search.detail.html?vlsn=1000913.

If the building is almost completed it looks very good but if it is not completed do check the reputation of the developer with former clients .Or just wait until it is done.

A nice facade does not mean anything in Krakow.

Andy
Is there a rental demand for this type of property. I am looking at a two bedroom apartment.

Yes, these apartments should rent well. We are in the process of listing our first client's apartment for rent in this building, and hoping to get around 50zł per m2 per m2 or around 3000zl per month (+ admin/bills) for a 60m2 2-bedroom apartment.

you would say between 4% to 5% yield is what to expect

Yes, that sounds about right