TBS real estate in Poland

What are TBS real estate, what are the advantage and dis-advantage can foreigners purchase these real estate?

nb I haven't kept up with them, so this might be dates.

I don't know if foreigners are eligible for TBS, but at least one big down side is that you can't sell it, you're essentially purchasing lifelong residency for the price of a down payment. And the czynsz tends to be high.

They served a purpose for a time but I'm not sure how attractive they are now...

Ok, that is good to know, why is the czynsz tends to be high, since you are essentially puting a down payment

the czynsz is high because it helps to go toward the price of building new TBS buildings (IIRC)

again, my knowledge might be out of date so don't take it for gospel and do check with other sources...

A foreigner can purchase TBS property, it is not restricted.

More on this site describing a situation when a tenant wanted to sell her TBS flat to a foreigner and couldn`t because they didn`t have an income statement.

prawo-mieszkaniowe.info/dlaczego_nie_mozna_sprzedac_mieszkania_w_tbs_cudzoziemcom,39,p.html

I read that article with interest. It is easier for a foreigner to buy a flat/house which is privately owned.

I suppose it is a situation described by the OP, TBS used to be popular about 10-15 years ago, I am not sure about it now, most deals in the market might be private sales.

Still happening, though there are some problems relating to the management of them. I've seen an article a few weeks ago about one President that embezzled a significant amount of money from the TBS company, as people had to pay sky high administration fees to fund his lover's lifestyle.

I'd be very wary about taking a property in one of those investments unless I knew for sure that the management was efficient and effective.

There is still a deficit of apartments in Poland and 30% young adults have to live with their parents for too long a time. 10-15 years will pass till we reach Europe`s average.