A hectare of good agricultural land in Poland costs more than in France and Germany, and prices are continuously rising, reports Rzeczpospolita. The average prices of agricultural land have gone up by 10 percent during the last quarter, and they are 12 percent higher that last year, according to data from the Agricultural Real Estate Agency (ANR).
In Q1 this year, a hectare of agricultural land cost zł.19,400 in Poland on average. In 2010, the average was zł.18,000 per hectare. High-quality parcels are more expensive, however. A hectare in the Wielkopolskie voivodship can cost zł.38,000, the Central Statistical Office (GUS) reported.
A record transaction was registered in the Mazowieckie voivodship recently. The ANR sold 150 hectares of land from a cooperative to a local agricultural producer for zł.8 million. The ANR owns two million hectares of land in Poland, 75 percent of which is leased.
The price of one hectare of ANR land sold on average for zł.3,684 in 1999. In 2011, this price is an average zł.16,721, according to the agency's data.
That's interesting France i understand-less people per square kilometer, Germany I don't-because it has more people per square kilometer. I am not so sure about those prices, they must be relative to spending power.
I watched a good documentary, recently, about a Swiss farmer who bred cows for beef. What was interesting was that he had bought pasture land in Romania, 200 hectares for 2000 euro a hectare. He said that similar land in Switzerland would have cost him 80,000 euros a hectare. He has plenty of experienced local herdsmen who are grateful for the employment.
The gentleman was convinced that Romania will become the european "Texas", supplying beef to the whole of europe. Good investment, what with the scarcity and the ever increasing price of food.
He said that similar land in Switzerland would have cost him 80,000 euros a hectare.
The reason for that is partially because of the vast amount of protectionism in Switzerland - farmers of meat, especially beef are guaranteed a very high standard of living due to the immense taxes on imported mat.
Hey everyone. Just wondered what people's thoughts were on articles such as the following: thenews.pl/1/12/Artykul/133242,Foreign-interest-boosting-Polish-land-prices
For those not in the know basically Poland will be opening the doors to people outside of it's borders and allowing them to purchase agricultural land for the first time. As a result prices are expected to go up as demand surges.
My wife is Polish (I am English) and we are planning a move to Poland in 2015 and want to live within 20km of Krakow. looking to buy the land now and develop it over the next 2-5 years Basically though we want somewhere quiet outside of the city (Iwanowice perhaps?) with a nice big plot of land for the children to play on safely with easy access to the city for work purposes. We are thinking that it might be worth buying more land now, and then selling some of it in a few years to non-polish folks looking to invest and hopefully making a tidy profit which we can put towards paying the mortgage on our polish home.
So just looking for thoughts and opinions from people really. Is the price of agricultural land likely to boom? It makes sense that it will. What happens if Poland make the change to the Euro like they have been planning for seemingly years?
Thanks in advance for your thoughts and opinions everyone.
Don't forget there is significant sprawl beyond Krakow - unlike the UK where country dwellings cluster in villages, here the houses spread out well into the countryside and plots are quite big. You may find opportunities to buy plots with access to the road are more limited than you'd imagine.
Well the attraction of Kraków for us is that we have a lot of family and friends close by and should I need to work in a predominantly English speaking environment there are a lot of international companies close by. The other option would be Warsaw but that would be a fair distance away from everyone we know and really would be a last resort if its the only option for me to work in Poland.
So an estate agent says prices will not get cheaper and compares poland to densely populated Malta and holland.
Genuine good quality farmland may go up if it is in a place where it can be farmed by mass machinery.
But small plots will not generate much demand from western buyers.
As for plots of building land that is a different matter but they are already quite expensive so you will need deep pockets just to hold them idle for a few years.
I would be amazed if poland joined the euro before 2020
Having read your post we think we have a good opportunity for you. First of all we're from Holland, so sorry for any mistakes in advance.
We own 10 plots of 0,15-0,2 hectare each in Krzecin at the lake, about 100 km over the German border. It is possible to buy them for €100,000 apiece with guarantee to buy them back if you didn't sell them at a better profit. After 5 years we will offer you €115,000 each.
Every plot has the permit it needs to build a house on it already, so every plot is in fact building land.
For more information, photo's and questions, please e-mail to:
Thanks ellaerwin........Bit too far away to consider. Looking at the Krakow area mainly. Also, mortgages are proving troublesome. Despite earning a decent salary in the UK it seems mortgages for Polish property when outside of Poland are hard to come by.
Its easy to say that now with the benefit of hindsight. At the time however when people are looking to buy their dream homes and are faced with a range of interests rates from 2% up to 7% and the Swiss Franc being at the lower end...by far.......completely another story. Especially when many people are new to finance and the agents are doing everything they can to just get the mortgage approved and seal their commission so not fully going into detail about the danger of fluctuating FX rates. Besides if when they bought the zloty was weak and the CHF strong, and the rate swang the other way the purchaser would have benefited and then you would be saying it was a smart decision.
Don't the Swiss banks mortgage a lot of property in Poland?
The Swiss banks only loan their currency to Poland at a set FX rate for the purpose of home finance, they are the financiers only. The Polish banks are essentially the middle men.
Its easy to say that now with the benefit of hindsight.
I remember saying at the time (in real life, not here) that it was a crazy thing to do and several people being outraged. It's true that if the exchange rate swings the way you want it to you can make a fast buck however if it swings the way you don't want it to - and it did - there is much wailing and gnashing of teeth.
It's also true that the mortgage salesmen were pushing this. Even more true that it is stupid, stupid, stupid to enter into any substantial debt that must be paid in a currency you don't have, earn, or can afford whatever happens.
Even more true that it is stupid, stupid, stupid to enter into any substantial debt that must be paid in a currency you don't have, earn, or can afford whatever happens.
It was irresponsible at best. Regardless how many people took CHF mortgages from 2006 - 2009 in Poland? i can tell you from the horses mouth that about 90% of mortgages awarded during that time were CHF (Swiss franc). Stupid or not the scam worked very well indeed, people were blinded by the cheap interest rate offered in CHF and they were taking them 9/10 times. Its especially crooked when you consider the majority of Poles were not aware of such banking tricks.
I remember saying at the time (in real life, not here) that it was a crazy thing to do and several people being outraged.
Its merely the capitalist profit machine doing what it does best.....exploiting the people. I'm surprised the UK has allowed payday loan companies to flourish in the way that they have. Its practically the loan shark era all over again, when ohh when will we wake up and stop this complete impractical nonsense.
Im sure the people slumbering in negative equity through property depreciation and FX rate fluctuations feel like theyve been scammed pretty damn good. I know of a few that are paying double their original monthly mortgage payments through FX fluctuation.
It's hardly a scam really is it. Its just not ethical parasiting off people who are ill informed or have little life experience.
It i scam if there is there is no way people can differentiate between advertisement and an independent assessment by experts. No everyone is aware especially in Poland that nowadays so called experts are just for the most part advertisement agents. Particularly in banking and financial sector but not only.
I know of a few that are paying double their original monthly mortgage payments through FX fluctuation.
And if the exchange rate had moved the other way they no doubt would be congratulating themselves on their genius.
There were plenty of people at the time saying that this was foolish and regular commentary in Gazeta W, Rz etc. What really surprised me were that I knew plenty of people working as accountants and bankers who took swiss franc mortgages.
The Swiss Franc mortgage scandal is basically no different from every other fcuking scheme in this society today, its keep the rich richer at the expense of the poor....period. The people who profited from this will be out and about in their billion Euro yachts / ski resort mansions living the high life, without a care in hell for the people who have been financially crucified.
