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Posts by NewFlatBuyer  

Joined: 15 Dec 2016 / Male ♂
Last Post: 15 Nov 2021
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NewFlatBuyer   
15 Nov 2021
UK, Ireland / Moving To Poland - Cost Of Living compared to the UK [65]

The cost of living in each country fluctuates depending on where you live. So, you need to consider where are you in the UK and where will you be in Poland. In general, the cost of living is cheaper here, but again, it depends on your particular lifestyle (and hopes/expectations if you move).

In general, local goods/services are a lot cheaper. Imported goods/services can be a similar price, maybe even more expensive (especially if imported from the UK). So, in general, cars, (good) clothes, foreign holidays and various other things will cost about the same. Property prices depend on the location - but, in general, are cheaper. Groceries are generally cheaper, but certain items can be expensive (especially lamb and to some extent beef).

In general, I would say that Poland doesn't necessarily have as many different levels of quality (value, store brand, branded, luxury) as in the UK, with less of a value range (unless it's largely blended with the next level up. But the better quality you buy, the closer it will be to UK prices.

I would say bills are normally much lower - you should be able to compare online, but I'd say they could be 50-60% lower (or more) here.

Ultimately, and this is perhaps crucial in your situation (as you will be earning quite a decent wage), there is a certain amount you need as a "basic" standard of living, both here and the UK. For people on a low to average income in the UK, they could probably get by with half or maybe even a third of the earnings they had in the UK. But as earnings increase in the UK, I think you'll find the cost of living gap between the two countries shrinks (for a comparable way of life).

I suspect you wouldn't be much worse off in Poland on the figures you suggest, and might even be slightly better off - again, it depends on your circumstances/way of life etc.

Just a couple of points to note. Firstly, income tax is due to change next year - you might want to check how that would impact on you. Secondly, in cities most people live in flats. In villages, most people live in houses. If buying a new flat (primary market), you will likely avoid various taxes, but new flats are largely concrete shells, with internal walls, electricity/water, but you normally have to finish everything off. The same is true of some new homes, but people often buy the land themselves and build their own home - this can mean that there are fewer homes for sale than you might expect in the UK (people tend to expect to live in a home for longer, without the view to selling).

Building a home comes with its own challenges - I've not experienced this myself, but you can read about it on these pages. However, as a Brit/foreigner, there are various differences in what permits etc. are required depending on the type of property you buy, plus if you need a mortgage, then you'll likely need to be resident here.

Also, homes won't always be as readily connected to "the grid" as is the case in the UK. This can include sewage, water, electricity, gas, broadband etc., especially if building your own home. And a lot of newer villages (and plenty of older ones, too) don't have great roads (when people build their own homes on their own plots, there isn't necessarily anyone willing to pay to build a road, especially if it's basically only for access to/from a few homes).
NewFlatBuyer   
25 Sep 2018
Law / Inheritance tax - from UK to Poland [8]

Thanks delphiandomine - I suspect you're correct, having never formally owned the property, I also think (hope) that won't be an issue. And I agree, getting professional advice is the best way to go. However, until I can do that, I'm just hoping to pick the brains of people on this forum, in case I can get any idea of what to expect (or not expect) - with that in mind, any knowledge/experience that people can share on the subject is greatly appreciated.
NewFlatBuyer   
25 Sep 2018
Law / Inheritance tax - from UK to Poland [8]

Thanks for the information, Terri. The inheritance does include a property; however, that property will be sold (through the executors). Any inheritance I receive will only be cash - as far as I'm aware, I won't technically be the (part) owner of the property. I'm not sure if that makes a difference, but from what I can see, it might.
NewFlatBuyer   
25 Sep 2018
Law / Inheritance tax - from UK to Poland [8]

Hi All,

I have a quick question about inheritance tax that I'm sure isn't too uncommon, but can't seem to find any answers on these forums (or generally online), so thought I'd start my own thread (apologies if it's been answered elsewhere).

So, my grandmother died a while ago. She lived in the UK and was British - I am also British, but now live in Poland. I stand to inherit some cash (I'm one of a few beneficiaries, based on her will).

As far as I am aware, UK inheritance law will apply, as will Polish inheritance law.

As far as I'm aware, the estate should not exceed the UK limits, which means there should be no tax to pay from a UK law perspective.

From a Polish perspective, it seems that, as I am classified in tax group I. And, as a direct descendant, it's possible that the inheritance could be exempt from tax. However, from what I've heard/read, one condition relates to notifying the tax office within a six month period. This is the part that I am struggling to find information about - essentially, when does that six month period start? Is it from the day a person dies; is it from the day and funds are transferred to the beneficiary; is it from the day any tax issues were sorted out in England; or is it something else?

Also, if there was no tax to pay in the UK, then would this even be applicable?
NewFlatBuyer   
4 Mar 2017
Real Estate / Applying for a mortgage in Poland (wife and husband) [9]

Merged:

Applying for a mortgage / no credit history



Hi,

I am currently living in Poland and am looking to buy a flat with my wife. In order to do so, we will need to take a mortgage; however, I am slightly concerned about my chances of being approved - mainly due to a lack of credit history.

As far as I can tell, I will no longer be able to get a credit report from the UK, as I am no longer a resident there. Is this the case - and do most banks ask for a foreign credit history from non-Poles? Also, has anyone got any advice or useful information etc. about credit histories/Polish mortgages? Is it possible to get a mortgage without one - I've got little or nothing in terms of a credit history in Poland.

I've heard it might also be possible to write to my bank in England for a letter saying I have no mortgage or other credit from them - but this seems a bit pointless to me. Does anyone know anything about that kind of thing?

Any info on the subject would be much appreciated. And, for the record, we will be putting in a little over 26% in terms of a deposit, which is higher than the minimum, might that help?
NewFlatBuyer   
15 Dec 2016
Real Estate / Making an offer on a new flat in Poland [15]

Hi,

My partner and I are looking at buying a flat in Poland (our first property). I don't know if it matters, but we both live and work in the country (she's Polish).

We have seen a new flat in the primary market (i.e. we hope to buy a brand new flat, which we will then furnish etc).

The flat we've seen is advertised at just over 300k zl. Can anyone give any advice about making an offer - basically, what kind of offer is appropriate? I appreciate that there are many factors that might influence things (location, demand etc), so it will be hard for anyone to give any completely relevant advice; however, any input would still be welcomed. For example, are developers more or less likely to accept negotiations compared to private owners (on the secondary market).

We were thinking of putting an offer of 290k o start with, which works out at a little over 4% under the asking price. Does this sound fair? Personally, I don't think this is excessive, I we'd be willing to negotiate further (for a higher price), if necessary; however, we don't want to offer too much, if they might be willing to accept less! Having said that, we don't want to look like we're wasting their time, especially if they don't take us seriously, and end up selling to someone else (we like the flat we've found).

Thanks for any help!