I would be wary of smaller towns, certainly unless you have some experience
Well, doing business in Poland ain't for the faint hearted. Buying property in the whole country, commercial, residential or agricultural, is an adventure
with many pitfalls for the locals and foreigners alike. I would never advice a foreign novice to buy commercial and then let out to " Polish businessmen".
That's the worst start. If Spiritus has some experience or has lived in Poland long enough, should know how things are done.
My first property, bought about 14 years ago in a small town, is still my biggest earner. The town is developing and them Germans are investing big.
The rental on short term leases goes up every year by 10%. Whereas the other property in Warsaw doesn't yield much coz of new developers
who overbuilt in my area and villages that where on the outskirts. Flipping it would give me a good yield but I'm in for the long run.
Rentals are not based on interest rates or economic situation but by how much the place is sort after. During the so called crisis from 2007 to 2008, I managed
to raise my rentals by the usual 10% without any problems.In big cities, they are usually overpriced and if you buy blindly, you will be lucky to make a yield of 5%
My colleague was buying commercial targeting banks, chemists and businessmen but he's had so many problems that he's now renting "rynek property"
as residential from ground floor to top floor.