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Posts by polishmortgages  

Joined: 22 Jun 2010 / Male ♂ 		Last Post: 8 Mar 2015
Threads: Total: 7 / In This Archive: 6
Posts: Total: 36 / In This Archive: 30 		From: Poland
Speaks Polish?: tak

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polishmortgages   
19 Feb 2015
Real Estate / Inheritance & House Valuation - how does it work in Poland? [8]

hi,

first question where it the house. it is important. Secondly when he apply for the mortgage the bank will estimate property value. for the purchase I would advice at the beginning to do property valuation by your own by property valuer (not a real estate broker). This will help you to know what is the "real" price. it is also necessary to write a preliminary purchase contract. He might have problem in getting mortgage because this is "Family" transaction, and bank do not like it. Try in PKO BP and PKO Sa.

kind regards
DP
polishmortgages   
20 Jan 2015
Real Estate / Foreign investor, properties in Poland, walk away from mortgages? [209]

hi

you can move your property to LTD company when you bought them by cash. But if you bought it from mortgage in land registry the bank still have his note about it. secondly to move property to LTD company is it necessary notary and notary will check everything and without permission from the bank you will not be able to do it. I am describing only rules in Poland

regards
polishmortgages   
20 Jan 2015
Real Estate / Foreign investor, properties in Poland, walk away from mortgages? [209]

Wroclaw buy what you are saying, walk away? have you read any mortgage contract? Do you know what happen next? do you know that the bank can chase you over the EU and UK, Ireland... The worst thing is just to not speak with the bank and walk away. Then the bailiff will sell your apartment and you will still have a debt which will be increasing. If there is10 customers from uk the bank might be will not be interested to chase you there but if there will be 1000 for sure it will be profitable for the bank to hire the best London legal office to chase you there even in 20 years time.

I helped many customers who wanted to walk away, I negotiated with the bank new terms and conditions, I took over management of the property to increase income and together with owner we manage to do that everything looks better, not wonderful, but better. I admit that to a few I did not help because they did see any hope.

first send me you mortgage contract and I can check what can be done. tell me about property and I will tell if there is any sense to do anything or the best thing is to walk away. if walk away I will tell you how to do it. that you was clear also in your country.

I specialize especially in Getin Noble Bank. it is my "favourite bank"

you can just write me:
polishmortgages   
18 Nov 2014
Real Estate / Extra costs when buying a flat in Poland [13]

Niko,

just look at this calculator:
dom.gratka.pl/kalkulator/?gclid=Cj0KEQiA1qajBRC_6MO49cqDxbYBEiQAiCl5_N4Li524xD7oEmtSyIVauGiV2TogpRQTKSl5qOhyChIaAiva8P8HAQ

use google translator when opening page.

regards
Daniel
polishmortgages   
18 Nov 2014
Real Estate / Purchase of Apartment (Krakow) by proxy from the USA. [4]

Hi Malyniebieski,

We helped our customers to buy property and we had some people from US. I can send you draft POA which help you in purchase and in management of the property. Just email me and I will send you draft. remember that it must have apostil stamp

kind regards
Daniel
polishmortgages   
18 Nov 2014
Real Estate / Home loan for foreigners (not from EU) in Poland? [10]

Hi,

Looker i would say that it is not possible to get mortgage for a land by people having income in Australia, US. it is very dificult to get mortgage by foreigner from EU zone not saying US, Australia. Sorry sorots but you need cash to buy a land

kind regards
Daniel
polishmortgages   
14 Nov 2014
Real Estate / Ideas how to invest sum of 500,000ZL in Warsaw - real estate is recommended? [20]

hi,

500K is a good money to buy good property with reasonable potential. I sent you PM but i do not know if you receive it. I manage some properties in Warsaw and I see how important is to buy property in right location. I also strongly recommend home staging for rental and sale. the difference before and after is huge and I do not understand why people do not do it.

kind regards
Daniel
polishmortgages   
22 Feb 2013
Real Estate / Non Pole Applying for Mortgage in Poland [11]

halo,

we specialize in mortgages for non-residential customers, this is not a good time for applying as most of the banks changed their policy... but each case is different. please describe me your situation and I will try to advise
polishmortgages   
29 May 2012
Real Estate / Foreign investor, properties in Poland, walk away from mortgages? [209]

halo,

I would like to put some comments to lodz161 and give a short advice to whose who consider to leave the abandon the mortgage and property.

to cut the long story short I do not advice to do that. Most of the investors got a mortgage through metro bank = noble bank = dom bank = getin bank which is the same bank and now this holding run a new institution getbank who will specialize in receiving debts from customers outside of Poland. they will not come in a year or two but they have 10 years to claim the debt and this is sufficient time how to learn how to get the money back. please do not worry about the bank lawyers, they will earn money for their salary...

I advise to contact the bank and speak with them how to restructure your mortgage. with every month we have a few enquires regarding "leaving property". if you want to have more problems you can leave it and forget it for some time.

regards
Daniel
polishmortgages   
23 Jul 2011
Real Estate / Buying agricultural land in Poland as an investment opportunity? Cost of ploughing? [16]

Warszawki good idea with diving. I hope that someone will do something like that in complex. there will be 100 or more people so for sure somebody will build a nice hotel or anything...

I will do that again soon as I want to move back to Poland as soon as ownership of the company change...
polishmortgages   
23 Jul 2011
Real Estate / Buying agricultural land in Poland as an investment opportunity? Cost of ploughing? [16]

I agree with you that you cannot build in rolna but as you know when you get permit/allowance then you can. I do not want to talk about price because you can find a land for 1pln in middle of nowhere or you can meet rolna close to Warsaw for 150pln or more. Here I see what I buy. A good location, nice view, with other people who wants to buy a house. I do not have also experience in finding land and also time. I do not have time to go to Poland to often. I will check the prices only if in this location prices are competitive and then I take a decision to buy it or not.
polishmortgages   
23 Jul 2011
Real Estate / Buying agricultural land in Poland as an investment opportunity? Cost of ploughing? [16]

I confirm it. It is really looks ok for me that is why I a bit sceptic. Poles first sign preliminary purchase contract and in 6 month final purchase contract. Over this 6 months the owner must divide complex to unit which I buy. In my case the owner will have 6 months to assign ownership to the company.
polishmortgages   
23 Jul 2011
Real Estate / Buying agricultural land in Poland as an investment opportunity? Cost of ploughing? [16]

halo,

what do you think about buying an agricultural land as investment. It make sense?

I got a such offer:
land is located in Mazury close to the lake. I have to admit that it is charming place but I do not know if it is worth.

votemazury.org/en/mazuria.html

some more information:
In investment complex there are 100-200 units. One unit has 3000m2 which is the lowest size possible for agricultural land in Poland. I want to buy 4 of them to avoid paying PPC tax which is 2%.

The cost of one unit is around 60000-80000 PLN depends on the location.
I pay only 20% deposit and rest of the amount I will be paying in Instalments. after I pay 6 instalments the company assign on me shares in LTD company as it is the only option that I was the owner before 2016. option where I pay in cash is 5 PLN cheaper than regular price. One share is one unit. Instalment is 500-600 PLN per unit.

price per m2 is around 25-30PLN depends on the location.

I am thinking to use leverage and to chose option with instalments.
key factors to buy.
- location: close to main roads, in nice areas, close to lake,
- in complex with other investors and people which just want to buy a land to build a house in the future or have the place where they can relax. there will be no more than 20-30% foreign investor in one complex. the more people in complex the higher possibility the land in the future will be a building plot which only increase value but I predict this will not happen in the next 5-10 years. it is rather 10-15 years investment.

- company guarantee if the land will not be a building plot in the future return of the money.
- land over the last 20 years have not gone down and it is higher possibility that is will be going up as it is limited good especially in good locations.

- no tenants, no fit-out and other cost.

everything looks ok but I do not have experience. What do you think?
and like the site :)

regards
daniel
polishmortgages   
23 Jul 2011
Real Estate / Foreigner buying house with 'Rolna'/Rural land in Poland - ever possible? Advice/help. [38]

halo,

to be honest the only option to check if the bank can chase you in UK is to ask a lawyer, but the good one. Any one of you have spoken with lawyers?

Now I am at the stage of checking it for one of my customers, but if anyone want to receive some info, please write me daniel(at)polishmortgages(dot).eu. I will not paste a such information on the forum...

regards
polishmortgages   
1 Mar 2011
Real Estate / Poland house prices recovered faster - Summary of 2010 [89]

halo

Report regarding house prices in 2010

part of the report ad link to full article polish mortgages .eu/2,1,27

HOUSES WITH 200 SQUARE METERS SURFACE AREA

House prices are based on much longer cycles than the recent crisis in housing prices. Declines began in the second quarter of 2009, while in the case of rent, reductions began in autumn 2008. In 2010, house prices responded more quickly to the economic recovery. Everywhere outside of Lublin, where the average price has not changed since the fourth quarter of 2009, bids are higher. More than 10% increase in prices in Krakow and Poznan, Warsaw 5.4%, Wrocław by 5%. On average, the largest Polish cities, prices of small homes rose by 5.7% while the offer prices of flats at the same time increased by 3.7%. It is worth noting that in the case of houses a few percent translates into tens of thousand.

regards
PM
polishmortgages   
1 Dec 2010
Real Estate / Poland's Banks Association: 61,100 housing loans in Q3 [2]

In Q3 2010, banks advanced 61,100 housing loans with the total value in excess of PLN 13bn (€3.22bn), according to the data of the Polish Banks Association (ZBP)...

rest of the article in our website

-----
I am a bit surprised about this figures...
This clearly show that there is no crisis in the banks in Poland and property buyers take advantage of so called "crisis" to buy property in good price.

Also higher than expected GPD is showing that we can not say about crisis in Poland

regards
polishmortgages   
23 Nov 2010
Real Estate / Flat/apartment Rental Sites in Poland [12]

Halo

Try also tabelaofert.pl for off-plan development.

We can help to find property in Warsaw

regards
polishmortgages   
28 Oct 2010
Real Estate / Poland housing prices in September 2010 - report now available [18]

Wawel100

halo

it is a very good question. I will check in Gus data. I hope there are these information. I have notice an increase in mortgage applications but it is also interesting information for me.

regards
polishmortgages   
23 Oct 2010
Real Estate / Poland real estate transaction prices higher than at the beginning of 2010 [28]

Milky you as always belkoczesz the same story... :). The fact is that situation is improving in mortgages and this will have impact to properties... and economy. I was first person who experienced crisis and I am also first person who see recovering...

regards
polishmortgages   
11 Sep 2010
Real Estate / Poland Housing prices in July 2010 [129]

halo

I have one question to all the people saying that the property will fall or increase. When have you been in Warsaw, Krakow or other town in Poland. Please read some data about properties. Have you compared rental to mortgage payment. Do you know if it is cheaper for poles to rent or buy the apartment. I could write more questions but for me it doesn't matter if the property will drop or increase. the most important thing is that there were transactions on the market. that people start buying properties because.

I always say that property crisis started because of mortgages and to recover banks must start giving money. In Poland bank are willing to give mortgages. We can get mortgage with very low margins again, for 100% or 110% LTV. it is a good sign. I have noticed also a new trend in mortgages but I do not want to write about it yet. I do not believe to any property report which is saying "buy now, this is the best time to buy" but I can say that I am more positive than negative. there is always possibility to earn on the properties and now I see a lot of opportunities but you have to remember about selection and location.

come now and see Warsaw and you might change your point of view.

regards
Daniel
polishmortgages   
1 Sep 2010
Real Estate / Poland Housing prices in July 2010 [129]

halo SeanBM

there is not charge to register to the website.

the report show only data and trends, you have to drawn the conclusions by yourself.

You have right that fluctuation of the property prices are very small but this report show also something else... that the bank margins drops significantly and mortgage eligibility is higher.

the crisis started because of mortgages and the recover must also start from mortgages.

I am also happy if the customer will take mortgage or other services which we provide that is why we decided to publish a such reports or news that customer visit our website often.

regards
Daniel