How do I look for property in the Sopot area?

approx 50m (million dollar views)

so that would be 50000zl m2 which has to be one of the most expensive properties on the market - even with million dollar views

and you are saying that this will double in the next 12 months

are you polish?

I looked at the bydgoszcz situation. There are a lot of soviet-type communist blocks here. 50m2 go for about 250k. So i dont know how much scope there are for refurbs. But saying that, the interior on some of these flats are pretty horrific.

I am German, lots of German would like to buy back parts of this region, it is the Paris end of Poland. Are you expert in property in Poland? Are you interested in this sail.

im not an expert on polish property, no, but i do know the tri city market quite well... from what you have said so far i think that an asking price is on the highside, especially as i can get a new build in an equally good location for a fraction of what you are asking

For airport info on Sopot try here (its actually going to be in Gdynia)
.mamdom.com/article.php?a_id=88

If you are investing serious amounts I would also highly recommend you buy this report:
.pmrpublications.com/index.php?id_rap=3127

lol

I wont be buying that book at 1200 euros thats for sure.

Bubba,

Can I ask where did you find contractors to renovate your properties?

recommendation/word of mouth mainly - my associate sorted it but it took him some time in a couple of instances. architects and interior designers were a lot easier to find through friends

gumtree normally has people offering their services but my associate felt uncomfortable using these

Bubbawoo,

I suppose its better going with an architect firm, who can then project manage the redevelopment for me. Is a 1000zl a square metre a fair estimate on renovation costs?

How is it you are located in Poland?

it all depends what needs doing - if its just a basic refurb or if you need to rewire/plumb, put in central heating etc etc which will send costs up considerably

my connections to poland go back to the mid 9Os when i worked there for a couple of years, made some good friends and then found myself in a position to invest over there more recently - im not there all the time and prefer to be there when the weather isnt too cold!

So, did you ever manage to speak polish?

I live in Bydgoscz, its freezing here. I managed to break up the last winter by watching The Ashes in Oz.

im loath to admit it but my polish is feeble - other than day to day stuff most of my vocab is property related!

I still think bydgoszcz is worth a look at - i wanted to invest down there about a year ago but my associate felt it was too far away for him to supervise

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.

Just seen this - more Blah about new airports in Poland including round Sopot:
mamdom.com/article.php?a_id=167