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Posts by bdo  

Joined: 13 Mar 2008 / Male ♂
Last Post: 15 Mar 2008
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bdo   
13 Mar 2008
Real Estate / Thinking of buying an offplan Luxury Property Wroclaw [79]

Angel Wings looks nice; I have been there at the location and spoken with the salespeople.

However, there are better offers out there in the marketplace at the moment, in terms of better stage payment arrangements (i.e. 10% down, 90% on completion) - and also less onerous terms and conditions in other contracts. I assume you have looked at the other luxury developments also e.g Sky, Riverview etc.

In general, I assume you are not going to buy luxury in Wroclaw for the rental yields; the rental will be particularly poor in the luxury apartments compared with second / used flats or neww, off-plan, smaller, middle market flats.

If you're buying for the price to go up, I agree with others; you'll need to keep it and rent it for 5-7 years to make your money - but you will make money. If you can afford it in the first place, good luck