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Apartment purchase in Poland


OP Frank 23 | 1,183  
3 Jan 2007 /  #121
Quoting: ola123, Post #136
Stop buying flats in Poland because you push prices up and Poles are not able to buy flat to LIVE IN.

would like to say sorry... but i would be totally lying...

Bubbawoo...you've a heart of gold...spoken like a true capitalist!!

I would say more people should buy flats there...then wages etc will have to rise to keep pace...what do you think has driven the Celtic Tiger for the last 8/9 years or so?
Casper  
3 Jan 2007 /  #122
Ola. I appreciate what you are saying, but I'm actually in the process of emigrating to Poland, with my Polish wife. Secondly on a personal level I think its great that young Poles are coming to the UK and making some cash. All my Polish friends here in the UK have the same aim, save, save, save, and buy a flat back in Polska. Infact

The process was simple I let my missus do the talking and just nodded and smiled.

The people who sold too us are a company called Orlex who seem to be generally taking over the whole area where we are.

And the person who did the interior work, bathroom, floor, lightfittings, kitchen tiles etc, well we used a builder that is known to the family for years and it was all kosher. The guy who designed the kitchen also installed it. We did the painting ourselves.

The only thing that really shocked me was the price and installation of wooden blinds...really expensive, but worth the cash. Since we've been based in London and although we use the flat when we are there, we haven't used the garage. So we have let a friend use the garage free for the last 9 months on the proviso that he paints it, installs the lights and general takes care of it, fair deal.

I like the concept of buying off-plan flats since you have the advantage of paying in installments (if your not taking a morgage), and by buying off-plan the prices are cheaper. You also are able to design the flats interior from scratch, its a blank canvas. If I remember correctly we pay a lower monthly fee for building maintance than many older blocks of flats. Having said that you have to be prepared to wait for it to be built!!

My favourite thing is the under floor heating an no unsightly radiators. As a child i was constantly witnessing my father bleeding the raditors of foul smelling air. And the trauma is still with me today.
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #123
Bubbawoo...you've a heart of gold...spoken like a true capitalist!!

gosh... terrible... arent i...? :)
OP Frank 23 | 1,183  
3 Jan 2007 /  #124
I think when Patrycja from the US of A reads this, you're in for a smack or two...lol
Casper  
3 Jan 2007 /  #125
WEJHEROWO
OP Frank 23 | 1,183  
3 Jan 2007 /  #126
Do share...casper.....!
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #127
i just bought in wejherowo if... anyone is interested in grabbing a bargain let me know
OP Frank 23 | 1,183  
3 Jan 2007 /  #128
B...fill us in...all the details...don't skimp....:)
Casper  
3 Jan 2007 /  #129
Well to be fair, Bubbawoo/Jasiu is seemingly more on the ball and more organised than me, he knows the area and if I remember correctly is already wheeler dealing in the area. I'm really an amateur, he's the expert quiz him a little more. But with regards to Orlex, google them and check their website out. They have too new developments at the mo, both look really nice.

My reasons for moving to the area is that it is where my missus' clan resides, also much as I like the Tri-city it is expensive and I think Rumia, Reda and Wejherow have the best financial returns for the future. There are already some very large houses in the manor and more houses and apartments are popping up all the time. Secondly in the Summer Wejherowo is the first place the tourists from the coast hit when they travel in land.

The thing that constantly amazes me is the amount of cousinks my missus seems to have, its great being related to everyone because it makes life easier and cheaper.

We are only 20 minutes from some superb coastline and 20 minutes or so from Tr--city.
Most of our ffiends either run their own buisness or are working for large companies, so we are in good company. Once we are based out there, I fear I will have to do some English teaching if only to have my ZUS paid and to generally integrate myself into the system. But I will continue to do security contracts in Uk and rest of Europe when they arise.
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #130
ive snapped up a courtyarded mews... currently 6 appartments and a retail unit plus garages and additional buildings to convert... 5 mins from the station... 5 mins to the central square... 2 mins to a large school and opposite the site for the new centrum handlowy... location location location

apartments vary in size from 35 sqm upwards plus 2 attics to convert... all with different levels of renovation needs...

i will be renovating the external areas of the property over the next couple of months... curb appeal... and then either flog off apartments for other people to renovate or do them myself... some friends have already expressed an interest in purchasing now then commissioning me to supervise the renovation for them...

... if others are interested i am happy to talk...

i like the look of wejherowo too casper...
OP Frank 23 | 1,183  
3 Jan 2007 /  #131
Good stuff boys and girls...keep it up.....

Not sure what Polish attitudes is to home ownership...ie in Ireland we have the second highest numbers of home owners in the EU ...nearly 80%, whereas in Germany ...nearly 70% rent their homes......Polands attitude anyone?
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #132
Polands attitude anyone?

somewhere in between but moving in the ownership direction quickly it seems
Casper  
3 Jan 2007 /  #133
Bubba your on the case my man. Seriously though what Wejherowo needs are few decent places to eat. Those few places that exist are not brilliant but they rake in the money. If you ever have any security issues or security problems with the local idiots please mail me at. I'm sure I could help.

darkwaterltd@hotmail
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #134
If you ever have any security issues or security problems with the local idiots please mail me at. I'm sure I could help.

nice one casper... thanks...

... and my polish partner wants to open a restaurant... hmmm... interesting... what sort of thing would you suggest...?
Casper  
3 Jan 2007 /  #135
Well the only chinese restuarant of any note is called the Moon resaurant enroute to Gydnia, thats owned by the mob, so wouldn't bother. Shpinx has the whole mexican egyptian kebab thing going on. Personally a "modern european cuisine" would work, infact anything that isn't kebabs, pizza or chinese. I'd avoid Indian as that would just get burnt down. Seriously though "modern european".
ola123  
3 Jan 2007 /  #136
would like to say sorry... but i would be totally lying...

I cant say that Im sorry too that my compatriots "sack" your compatriots in your own country. The final result will be all Poland in UK. And dont tell me I didnt warn you.
lef 11 | 477  
3 Jan 2007 /  #137
security problems with the local idiots

Moon resaurant enroute to Gydnia, thats owned by the mob,

'd avoid Indian as that would just get burnt down.

thanks for the warning, it seems the mob has moved into tri city

Our original flat we paid 167,000 zl and probably put another 55,000 zl into it, floors, kitchens bathrooms etc. But now our 87 sqm duplex is valued at approximately 380,000 zl.

valued by who? what about capital gains tax etc.. have to find a sucker first oops sorry buyer first.

I watched the polish news on tv the other day, with reports of increases to petrol, gas,water and elecricity (some 7%) there was a couple who who stated they couldn't afford that type of increase as it would cost them 150zl more a year.. how sad.

I suppose as the saying goes, you have to speculate to accumulate, you have to masturbate to ejeculate. Casper get your hand off it:)
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #138
I cant say that Im sorry too that my compatriots "sack" your compatriots in your own country

what are you talking about...?

valued by who? what about capital gains tax etc.. have to find a sucker first oops sorry buyer first.

lef mate... you normally know what youre talking about... not in this instance...

The final result will be all Poland in UK. And dont tell me I didnt warn you.

ola... i really dont care if the whole of poland is in the uk... your *compatriots* do a better job for less money than my *compatriots*... its not a problem for me...

and the british are going to continue to buy property in poland... and its going to increase greatly... poland is going to relax the laws about what we can buy without a permit and the more poles that come to britian the more british people are going to go and have a look at poland... and realise its actually a pretty nice country... with loads of cheap property...

...and dont tell me i didnt warn you
OP Frank 23 | 1,183  
3 Jan 2007 /  #139
...and dont tell me i didnt warn you

I think Bubbawoo...that was a "smell the coffee" moment on this thread.......!!...:)
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #140
i keep telling my polish friends to buy property... what ever they can afford... get on the ladder NOW...

... some of them listen... some of them look at me like i am trying to rip them off...

i talk to my polish partner about buying places now to resell in 25 yrs... pension... totally unthought of idea for him but it got him thinking... thankfully... :)
OP Frank 23 | 1,183  
3 Jan 2007 /  #141
Yup, been there dun that!......but its a new concept for them...but they need to take advice...learn from an old hand!
lef 11 | 477  
3 Jan 2007 /  #142
I may be wrong, time will tell, I just believe that property market will not keep on going up and up in poland. I would agree that in sort after locations and here I mean location, location, location it will always do well.

And who will buy all these properties at 400000/600000 zl a pop, not the average pole, the local pole is smart enough to buy something cheap and do it up himself.

On the same point, if you had to rent out the property, how much could you charge? keeping in mind the average wage in poland is 2500zl a month.

Like everywhere else some properties sell, some don't. The thing going for poland at the moment is that a person wanting to settle in poland from overseas, can still get a good house at a quarter of the price from where they came from.

If I was buying a house in poland, I would buy a period style house and do it up to live.

Just something to think about, I believe the biggest wild card in poland today is the stock exchange, poland has a growing ecomomy and you could probally pick up good shares at basement prices. remember the investment cycle moves from real estate to shares, then shares to real estate. (think about it)
OP Frank 23 | 1,183  
3 Jan 2007 /  #143
Hhhhhmmmmmmmmmmmmm...interesting point...it will take quite a time for the housing/apartment stock to actually get going, long term option?
lef 11 | 477  
3 Jan 2007 /  #144
poland is going to relax the laws about what we can buy without a permit and the more poles that come to britian the more british people are going to go and have a look at poland... and realise its actually a pretty nice country... with loads of cheap property...

If poland was to relax its laws, you will probally find a lot of Germans buying up big in the tri city (may not be good for the local pole)

I don't think every man and his dog in england will pack his bags and move to poland because of cheap homes..sorry
BubbaWoo 33 | 3,506  
3 Jan 2007 /  #145
not sure i can agree with you on this lef... for sure at some point the property market in poland will flatten out but i dont think this is going to happen for a while... i also think that different locations and markets will rise as others quieten down...

i also believe that tourism in poland - from a british perspective - is hugely underdeveloped... at present, just people dont think of poland as a tourist destination but this will change... and probably change quickly... as more and more poles come to the uk and awareness is raised...

accessibility to poland is tremendous... its probably the best served european country as far as budget airlines go... cheap... really cheap... and quick to get to... you can fly in a couple of hours... which makes it possible for a weekend... and you can buy affordable property that the locals dont want to byuy within an hours drive from major airports... so far this is almost a totally untapped market...

prices are rising very quickly in sought after locations... one of the reasons for this is that properties are valued by what the owner thinks he can get for it... so he sees that a property is selling for X zl down the road and he sticks his property on for the same price... so the smart pole who thinks he can pick something up cheaply and do it up himself has to contend with the smart pole who thinks he can get more for his property than perhaps its worth...

you are right... like everywhere else some properties sell, some dont... but its not people who are coming to settle who are buying... its developers making money and in a couple of years time it will be the holiday homers with money to buy a nice place in the mountains or the lakes...

stock exchange is not a game i play... not interested in bits and paper although there is probably money to be made... give me bricks and mortar any day of the week... investment cycle moving from real estate to shares... hmmm.. maybe... but property is the safer bet...

... got an australian friend who goes on about buying shares... said his dad has been doing it for years and knows what he is doing... not that hes made any money... lives in adeliade... should have stuck his money in property... oh well...

If poland was to relax its laws, you will probally find a lot of Germans buying up big in the tri city (may not be good for the local pole)
I don't think every man and his dog in england will pack his bags and move to poland because of cheap homes..sorry

the laws getting relaxed concern buying land... and the houses sitting on land... germans have been buying up apartments in the tri city for ten years... and no... not every man and his dog will be packing up and moving to poland... that would be silly... but once its easy to buy a nice piece of land with a nice house on it by the lake and hour from the airport just 2 hours from london... see what im saying...
ola123  
3 Jan 2007 /  #146
and the british are going to continue to buy property in poland... and its going to increase greatly... poland is going to relax the laws about what we can buy without a permit and the more poles that come to britian the more british people are going to go and have a look at poland... and realise its actually a pretty nice country... with loads of cheap property...

It will cause hostility in Poland against you, just like there is hostility against Poles in Britain. So beware and dont tell me I didnt warn you.
Casper  
3 Jan 2007 /  #147
Er... I've realised I have made a huge mistake, my wife has been leading me on. The Polish property markt is completely rubbish and some one has been spiking me with magic mushrooms. I promptly intend to cash in all my investments and return to buy a bedsit in Milton Keynes.
lef 11 | 477  
3 Jan 2007 /  #148
lol....only having a discussion. sure it wasn't the vodka.

It will cause hostility in Poland against you, just like there is hostility against Poles in Britain. So beware and dont tell me I didnt warn you.

I don't know how serious ola123 is, but you have to consider that statement, I could be wrong here, but I don't think poles would not take too kind seeing people from england cashing in at there expense. I think poles prefer doing business with there own kind and not with opportunist from wealthier countries
hello 22 | 890  
3 Jan 2007 /  #149
he Polish property markt is completely rubbish and some one has been spiking me with magic mushrooms.

Hmm - could you elaborate more on that? I know most Poles tend to think (or hope) Poland has already reached the status of a wealthy and powerful country without any reasonable fundations or even hard work -- is that what you mean?

Also, if I may ask - did you have a Polish real estate agent to help you buy a property?
lef 11 | 477  
4 Jan 2007 /  #150
the laws getting relaxed concern buying land... and the houses sitting on land... germans have been buying up apartments in the tri city for ten years... and no... not every man and his dog will be packing up and moving to poland... that would be silly... but once its easy to buy a nice piece of land with a nice house on it by the lake and hour from the airport just 2 hours from london... see what im saying...

Look what you say sounds tempting, from experience only things may have changed but polish people are no fools when it comes to wheeling and dealing and there is a bit of a close shop mentalilty when it comes to foreigners. like our friend Caster correctly pointed out, if your doing a business transaction and don't speak fluent polish, just keep quiet and let somebody local act on your behalf, just pretent your a friendly ghost and disappear, otherwise you will be taken to the cleaners.

The reaction of poles to german people buying up in tri city is a bit of a worry.
If tourism booms it won't benefit the local battler as the cost of living goes up.
To be frank poland is a good place to visit because it is more cheaper than most other european countries, when prices go up people will go elsewhere, some people are saying parts of the soviet union will be the place to go.

The beach areas of poland are nice but there plain compared to beaches in other parts of the world.
I know a man is not a camel, but you don't have to travel to poland to get a cheap beer.

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