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Where can i buy a cheap house or a flat in Poland?


chalu  
17 Jan 2007 /  #1
I am interested in real estate buisness , could someone suggest me where can i buy a cheap house or flat in any corner of poland ? condition of the house or flat doesnt matter.......
hello 22 | 891  
17 Jan 2007 /  #2
There are lots of cheap houses in Poland (usually built before the WWII and in not-so-good condition). But such cheap houses are located in the country (let's say a dozen or more kilometers from the city). Unless you like living in the country, it's not a good choice for general investors IMO.
BubbaWoo 33 | 3,510  
17 Jan 2007 /  #3
one area that seems to have reasonable prices at the moment is lower silesia [sp] and the area around Jelenia Góra - Wroclaw being the nearest large polish city

heres a site to look at

zebrowscy.com.pl
josecitomadera  
17 Jan 2007 /  #4
Can you give us an idea of prices in US dollars?
OP chalu  
17 Jan 2007 /  #5
ya sure , my budget is of around 10,000 US dollars to 50,000 US dollars , plz mentions the places with some price range tooo ,

thanks ...
BubbaWoo 33 | 3,510  
17 Jan 2007 /  #6
xe.com/ucc

universal currency convertor

even at the top end of your budget your not going to have a great deal of options...

mapa.szukacz.pl/?m=wroclaw
Wroclaw 44 | 5,387  
17 Jan 2007 /  #7
The cheapest option would be a house in the country, as 'hello' has already mentioned. But if it comes with land you'll have problems.

A cheap house becomes an expensive house if you want to do it up.
Go for a medium priced property. At least you can live in it from the get go.
Size is important. Measure the floor space in square metres, and count total number of rooms. A bedroom counts as a room.

So, what are you after in terms of size ?
OP chalu  
17 Jan 2007 /  #8
So, what are you after in terms of size ?

it would be nice if its 2 bedrooms , with a lving room and kitchen , i think
BubbaWoo 33 | 3,510  
17 Jan 2007 /  #10
ive checked a couple of sites - there are plenty of properties out the for more or less what you want to spend... just depends if you want to buy where they are...

nga.pl

partnerzy.gda.pl
OP chalu  
21 Jan 2007 /  #11
thanks everybody for your precious advices :) i sure it will help me in deciding with what to do ! if anything u may add more ... i will be checking out !

thanks once again :)
LoneStranger  
21 Jan 2007 /  #12
chalu

where u from?
josecitomadera  
23 Jan 2007 /  #13
Can you give us an idea of prices in US dollars?

For example in the Dominican Republic you can buy a house in the mountains for less than 10,000 US, all concrete even the roof, 2 bed 2 bath. How about in Poland?
BubbaWoo 33 | 3,510  
23 Jan 2007 /  #14
jose - this will link you thru to the property auction section of one of poland's largest portals...

aukcjewp.wp.pl/20783_sprzedaz.html

you can convert zloty into usd via the currency converter i oosted earlier
Jjezewsa  
13 Mar 2007 /  #15
Hello,
WE are going to sell our new, beautifully decorated 63 m flat in Piaseczno, suburbs of Warsaw. We exect 150000 euro for it. Should you have any questions or interest in our offer, please contact us at:jjezewska@hotmail or +48607131232.

Greetings, Joanna
fawzy  
17 Mar 2007 /  #16
i have a flat first floor for 50 ,000 zl in the tricity
mido111s@yahoo
hullo  
18 Mar 2007 /  #17
500,000zl seems very cheap, where is it
LoneStranger 3 | 382  
18 Mar 2007 /  #18
500,000zl

You are not a well wisher of the Poles.... why are you increasing the price!!! WHY ??? :(

50 ,000 zl

:)
BubbaWoo 33 | 3,510  
18 Mar 2007 /  #19
i have a flat first floor for in the tricity

if you are selling a flat in the tri city for 50 ,000 zl then i am interested - PM me
fawzy  
18 Mar 2007 /  #20
if u r interested send me mail mido111s@yahoo to see it
maverick  
21 Mar 2007 /  #21
i guess price of the flat in tri city would rather be about 500.000,00 PLN which is about $170.000,00 - don't ya think? of course as long as I know real estate prices in tri city :P

but if the price is really 50.000,00 PLN I'd be veery interested too :)
BubbaWoo 33 | 3,510  
21 Mar 2007 /  #22
i guess price of the flat in tri city would rather be about 500.000,00 PLN which is about $170.000,00 - don't ya think?

not yet maverik :)
maverick  
21 Mar 2007 /  #23
i don't think you'd find any apartment that's 10 sq. m., and tri city price per sq. m. are about 5.000 pln - try to check it if you don't belive - but as long as i read your posts on this forum you know it :P

my knowledge about it is as good as I live here :)
BubbaWoo 33 | 3,510  
21 Mar 2007 /  #24
you are right about the sqm rate maverick - but your maths isnt too hot :)

smallest kawalerka i have seen was in gdynia - 14 sqm

where are you living?
maverick  
21 Mar 2007 /  #25
The house i'm selling is in Gdansk, but now i live in Gdynia.
You are right about smallest apartments, but i don't think they'd attract anybody - especially for investments. So apartments about 50 sq. m. which isn't more then just comfortable for 1-2 persons would cost about 250.000 PLN which is relatively closer to what I wrote. For 50.000 PLN one can buy only something for complete reparation I guess.

Thats why I wrote like that :)
BubbaWoo 33 | 3,510  
21 Mar 2007 /  #26
i agree with you maverick - i was just trying to say that there is still lots to buy for under 500.000,00 PLN
maverick  
21 Mar 2007 /  #27
I agree. Most of the apartments are below 100 sq m. :) that's for sure :)
still I try to sell a house that maybe isn't cheap, but as far as I know it's an oportunity. This year and the next house prices are going to go up. It's simple - apartments market is high enough, and houses prices are still low. It's really posiible to buy a small (150 sq. m.) house for less then $150.000 which is a price of 85-90 sq. m. apartment. So now houses has to go up. About 60% in 1-2y. :) (calculations are not mine, but professional)
BubbaWoo 33 | 3,510  
21 Mar 2007 /  #28
i dont know if house prices can go up - people just wont be able to afford them if their sqm rates reach near those of appartments.

what i wonder will happen, similar as in the uk, is that people start converting their houses into flats - a house the size of your could be converted into 3/4 good sized flats which would be, in theory, much easier to sell from an affordability perspective... and a better investment.

i also think people will start moving out of flats in the centre into cheaper places further out of town... places like wejherowo, reda, rumia are going to shoot up in price in the not too distant future... buying land and building houses in places like osowa will become more and more attractive...

... what are your thoughts...?
maverick  
21 Mar 2007 /  #29
I think, that places like osowa, rumia, banino, pruszcz are really attactive. But I also think, that prices are going up, and they will be, but not so long, becouse thay are already high as for Poland. Last year flat' prices had grown about 80-100% which is depandeble of city and region. Houses prices didn't grow so fast - actually they didn't riase at all.

You're right about convertion - it would be a good way, but flat's sqm rates are higher than houses sqm rates. sqm rates for apparments will not go much higher because of polish socity debt abilities. Foraigners are not purchasing so much to calculate them as a strong segment of the market. They are important segment, but not necesserily strong :)

As I observe the market I think house's sqm rates are about 50-70% lower than for flats and appartments. That's why I wrote that market is going to regulate it itself, and house's prices are going to grow about 60%.

Places like you wrote are not full of appartments, so thee is going to be a developer's boom, and many building will be build. But for now, most of these areas are coverd with small houses, low building and so... most of the appartment building are old, and new are just developing, or going to be. And like that is almost everywhere in Poland. That's another point for me thinking that appartments prices will not go up this year, and if, it won't be much.

I'd realy convert my own house into two three flats, because flats market is much more fluent - as all over the world is :) because it's cheaper. But to be honest I'm not sure if I wont loose on such a transaction - not saying that it's almost impossible to do. The hose is to comfortable. It's well advertised, but still I can't find buyers. I mean it. There is interest aabout it, but not serious...

sorry for writing so much
BubbaWoo 33 | 3,510  
21 Mar 2007 /  #30
thanks for your comments - will talk to you again about this :)

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