Posts by Flannel

Flannel

30 Oct 2019

Real Estate / Rough idea on rental prices for Wroclaw, Poland [13]

@terri,

Thanks for your thoughts. Didnt really expect it to be such an issue with tenancy agreements, Are the laws more orientated towards tenants?

Any other thoughts on possible investments? Im just looking to supplement my income at this stage.
Im also looking into Shares and term investments as well.

Flannel

27 Oct 2019

Real Estate / Rough idea on rental prices for Wroclaw, Poland [13]

@Cargo pants

Ive not really considered this option. Ive never invested in commercial before and have no understanding of that market, but im intrigued none-the-less.

Any pro tips you mind sharing? or things to consider?

Flannel

27 Oct 2019

Real Estate / Rough idea on rental prices for Wroclaw, Poland [13]

Thanks cms

We are looking at the new builds in the area, so hopefully that would mitigate those risks. Are those prices at the full 550K mark?

@Pawian

We are looking at Wroclaw really because of it proximity to the Opole region, we will either come to Opole of Nysa area.

Flannel

27 Oct 2019

Real Estate / Rough idea on rental prices for Wroclaw, Poland [13]

Hi Pawian,

Im looking to rent to residents really, id rather have a steady income flow and charge a bit less then dealing with a tourists/Air BnB kind of thing. I dont know Wroclaw at all really, my wife cousin lives there and recommends the south east.within 5-10km from center is fine Monthly rent i guess is the norm.

Edit: sorry clicked post to soon

Flannel

27 Oct 2019

Real Estate / Rough idea on rental prices for Wroclaw, Poland [13]

Hi,

Im looking for a rough idea on how much rent I could generate for an apartment in Wroclaw. Im looking at spending 440-550k, so something thats at a fairly good standard and in a decent location. Would furnished be a good idea or at these sort of prices would most tenants have their own furniture and sorts?

Im also considering Opole, obviously not spending the same amount. I feel 1 decent apartment in Wroclaw would be easy then 2 medium ones in Opole, Population and Wroclaw being a nicer city as well (no offence Opole haha). Im looking at supplementing my income not trying to solely live of it.

What sort of management costs would be applicable as well?

Im able to spend more if needed, I have an amount that i would like to generate from rental/s, however I dont have a bottomless pit of money obviously haha

Thank you.

Flannel

11 Nov 2017

Life / Thoughts on pro vs cons when moving to Poland from New Zealand with Polish wife and daughter. Living cost. [9]

Thank you very much for the comments, a lot of good advice and I appreciate it. I have been to Poland a few times and have lived there 15yrs ago on a extended holiday (6-7 month) but I realize that that was a while ago and things have changed, point being its not a total unknown for me.

I just want to have a reliable base income (all be it modest) and with my wife working, what ever I earn pays for those luxuries I talked about earlier. I am leaning toward opole region manly because of my wife (you are right) but at least I have a connection with that place unlike the bigger cities, I live in a big city now and im mentally done with traffic.

After how long are you entitled to government benefits ie: pension (when time comes) health care, education etc. I have dual passports NZ & British passport but with Briton leaving the EU things may change some what.

Thanks again

Flannel

9 Nov 2017

Life / Thoughts on pro vs cons when moving to Poland from New Zealand with Polish wife and daughter. Living cost. [9]

Hi,

I think im in throws of a mid life crisis :). We are currently residing in New Zealand (im Kiwi) my wife is polish and we have a 4yr old daughter. Iam exploring the idea of moving to Poland mainly due to NZ becoming rather unaffordable at present for future generations and current ones for that matter, we have had a property boom that has seen my house go up 125% in 8yrs, great for me, but my daughter will never own her own home now, average is $1m+ ($700000 US). cost of living is increasing and wages are not (world story I guess).

So im looking at cashing in and having a complete life change. We would be starting out with about 1.5m zloty and looking in Krakow or opole regions , I would be looking at buying the family home plus maybe another house or decent flat as a rental, would this provide a decent base income? My wife is a teacher and would go back to this for the interim as well. What sort of income would give us a comfortable life (I know that's a subjective question) with trips back to NZ every 18months or so, family holidays and good schooling ect...I don't except to live like The Queen of England but a decent lifestyle. I will get a job/open business asap but my polish is very poor so until then I cant be counted on (atleast 1yr maybe more).

Is being mortgage free such a big deal in Poland or rents are cheap enough that's its not really an issue and I would be better of investing in a business /shares ect?

Thanks for reading