kneehawk
24 Jul 2007
UK, Ireland / Warning to British people visiting Poland!! Don't get drunk and smash the place up! [447]
Having spoken to a number of Polish developers and consultants in the last few months ,they are all of the same opinion.The primary reason for the increases in the cost of flats is the spiralling cost of land and building materials.English and Irish investors have had little effect although this may start to change.the biggest investors are Polish Nationals who invest short term and then sell on prior to completion.this is why the largest Polish developer introduced a fee currently 4900zl to allow people to reassign.Mainstream English and Irish investors are not operating in Poland primarily because the majority of Polish developers will only offer stage payments and a previous lack of interest only mortgage products.I have been informed that the largest property club in the UK and Ireland Inside Track who account for 6% of all Uk sales of new build flats in the UK do not operate in Poland for this reason
Having spoken to a number of Polish developers and consultants in the last few months ,they are all of the same opinion.The primary reason for the increases in the cost of flats is the spiralling cost of land and building materials.English and Irish investors have had little effect although this may start to change.the biggest investors are Polish Nationals who invest short term and then sell on prior to completion.this is why the largest Polish developer introduced a fee currently 4900zl to allow people to reassign.Mainstream English and Irish investors are not operating in Poland primarily because the majority of Polish developers will only offer stage payments and a previous lack of interest only mortgage products.I have been informed that the largest property club in the UK and Ireland Inside Track who account for 6% of all Uk sales of new build flats in the UK do not operate in Poland for this reason