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Joined: 22 Jun 2010 / Male ♂
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polishmortgages   
1 Sep 2010
Real Estate / Poland Housing prices in July 2010 [129]

halo

is see that the link to the report was deleted by Moderator, that is why I pasted it one more time :)

part of the report you can find here, the rest of the report is available on the web site polishmortgages.eu

might this time they will not delete it.

---------------
Bids in July 2010

Warsaw, Wroclaw, Krakow, Poznan, GdaƄsk, Gdynia, Sopot

Price changes that occurred in July 2010 confirms the lack of a steady trend in the Polish real estate market. In June, the average bid increased by 0.8%, while in July the average price index was -0.6%. The only cities of the eight analyzed, that did not notice the drops in July were Warsaw and Poznan. However, Wroclaw and Krakow average bids decreased by 0.4% and 0.6%, and the average decrease of 1.4% took place in the Tri-City.

Compared with July 2009 the current average bids are higher by 1.7% in Sopot, Warsaw 1.9%, 2.2% in Gdansk, Wroclaw 3.8% and 4.9% in Poznan and 5.4 % in Krakow. The only city where the average bid is less than a year ago is Gdynia.

Given the fact that in recent months, we’ve had minor increases in monthly average prices, and also with the autumn real estate market experiencing seasonal revival, increases in average bids of around 0.8% to 1% by the end of 2010 are possible.

more date on the website. I am not able to paste everything here...

regards
polishmortgages   
13 Jul 2010
Real Estate / Do any UK banks offer mortgages for Polish properties. [37]

halo

I read your post and I do not agree with them.

if somebody is not able to pay mortgage installments in CHF I am sure he would not be able to pay it in PLN.

The rate of CHF increased but the interest rate is in the lowest level ever and the interest rate in CHF can be now 1,3%-1,5% if somebody took a mortgage in 2006-2008 compared to 2,5% in current offers. in PLN interest rate can be 4,8%-5,6% for mortgages taken in 2006-2008

the only problem now is balance of the mortgage in pln converted from CHF. This hold a lot of property from sells because the value of the property is smaller than mortgage in CHF and this is a problem for the next 2-3 years. from short them investment many investors will have now medium or even long terms one.

I do not agree also with a statement that is a danger now to take mortgage in Euro or CHF. It was dangerous when the CHF rate was 2-2,2 but now we have almost 3 and this is a great opportunity which should be taken.

so far there in no fixed mortgages in Poland but the current offers are very good especially in DNB but the borrower have to have very good income I would say.

some of the details you can find below:
polishmortgages.eu/1,1,267,Current_mortgage_offers

regards
polishmortgages   
6 Jul 2010
Real Estate / Polish mortgage providers - overview of offers? [10]

soon there will be another offer available for whose with smaller income :)

Merged: New Poland mortgage offers

halo everyone

There is new offer from DNB:
- 0% bank fee
- 0% for early redemption fee
- 0% for increasing mortgage
- 0% bank margin in first year - then it is 1,6% which is the lowest level

unfortunately it is only for customers with good earning and full time employment.
the customer must earn 10 000 PLN or equivalent.

the mortgage is up to 40 years and 90% LTV.

you can also use this offer for refinance your existing mortgage.

any questions do not hesitate contact us

regards

Merged thread:
This what you could receive from Getin Noble bank and our comments

Mortgage Offer
Purpose of the loan purchase of an apartment/house; both primary (off-plan) and secondary market

Loan period up to 30 years
Currency of loan PLN or EUR
Minimum down-payment 30%
Bank Completion Fee 3,45% for executing the loan agreement
(added to the loan amount, but has no impact on LTV)
Completion time up to 14 work days for the credit decision (provided all the documents required are
submitted)
Loan interest cost (p.a.)
- variable interest rate, PLN: variable bank index based on WIBOR 12M + fixed
margin (according to the Product Offer -> 4,95%) or
- variable interest rate, EUR: variable bank index based on EURIBOR 3M + fixed
margin (according to the Product Offer -> 4,95%) there is also special offer in Euro
(explained below)
Prepayment fee 1st year – 5%
2nd year – 4%
3rd year – 3%
4th year – 2%
5th year – 1%
starting from 6th year - none
Security 1. mortgage on the property in Poland
2. assignment of receivables under insurance against fire and other calamities
3. blank promissory note
4. submission to enforcement according to The Banking Law Act
5. bridging security: the interest is increased by 2% (until a mortgage register
excerpt containing a final and non-revisable entry of first place mortgage is
submitted)
6. deposit (six times installment)
Additional information: - Interest-only period obligatory until the last drawdown is issued + 12 months if
required
- designation of an address for correspondence in Poland is obligatory

Mortgage Offer - “NEW EURO”
Currency of loan EUR
Minimum down-payment 30%
Bank Completion Fee 0%
Home insurance due to legal defects 0,95% for executing the loan agreement
(added to the loan amount, but has no impact on LTV)
Completion time up to 14 work days for the credit decision (provided all the documents required are
submitted)
Loan interest cost (p.a.)
- variable interest rate, EUR: fixed interest rate of 2,99% for two years
- all the excessive parts of installment (1,96% – part of original Banks margin + Euribor + 2,49% ) are added up to
the capital after 2 years, it will not make a big difference to the capital balance but it will secure your cash flow;
* 2,49% is a fee for the possibility of extending the non payment period by 2 years
- loan must be released as a whole
- annex is valid after 90 days after releasing loan
Prepayment fee
1st year – 4,5%
2nd year – 2,25%
starting from 3rd year – none

one thing to clarify because post was move by administrator:

Getin Noble Bank is GNB

DNB Nord is DNB

these are two different banks

Tomorrow I will check one thing regarding NEW EURO offer from GNB and post our comments

regards
PM Team
polishmortgages   
23 Jun 2010
Real Estate / Polish mortgage providers - overview of offers? [10]

Halo

I have now the best mortgage for foreigners.

please find details at polishmortgages.eu/1,1,267,Current_mortgage_offers

the conditions to receive it is:
full time employment
min. salary - equivalent of 10 000 PLN

LTV is 90% and this offer is very good for new mortgages and refinance.

any questions please do not hesitate contact me.

regards
Daniel

Andy

the offer which you wrote for DNB Expired a few days ago but there is a new "summer offer". The current offer are on the web site

polishmortgages.eu/1,1,267,Current_mortgage_offers

now this offer is the best one. if somebody is in Noble/dombank should do refinance :)

might be new offers like this on in DNB will recover property market. Now I have a lot of buyers for properties in Warsaw but I think in other towns is the same situation.

regards
Daniel
polishmortgages   
22 Jun 2010
Real Estate / Polish mortgage providers - overview of offers? [10]

Thread attached on merging:
mortgage and banks?

halo

In what bank do you get your mortgage now and in what terms and conditions.

The same question is regarding re-mortgage.

thanks