szarlotka
17 Aug 2007
Real Estate / The current property boom in Poland is a bubble [342]
It is a wise man who knows when he is exceeding the limits of his ability. I'm not a professional property specialist. I started off buying an apartment in Warsaw when I was out there because for three years it was cheaper then renting. I was then approached by my then PA to go into business to buy some more (i.e my money her brains). It just grew from there until this year when she exercised her option to buy me out. Result - I made some money, she is now a very successful business woman, the lawyers made money and the Polish government got a very considerable sum of money in capital gains equivalent taxation and income tax revenues.
Like BW says there are still bargains to be had if you are preared to look for them and can overcome the barriers to commerce that exist in PL.
Szarly, it's a wise man who knows when to stop !!!
It is a wise man who knows when he is exceeding the limits of his ability. I'm not a professional property specialist. I started off buying an apartment in Warsaw when I was out there because for three years it was cheaper then renting. I was then approached by my then PA to go into business to buy some more (i.e my money her brains). It just grew from there until this year when she exercised her option to buy me out. Result - I made some money, she is now a very successful business woman, the lawyers made money and the Polish government got a very considerable sum of money in capital gains equivalent taxation and income tax revenues.
Like BW says there are still bargains to be had if you are preared to look for them and can overcome the barriers to commerce that exist in PL.