| Heading
overseas is part and parcel of the modern property investor's
lot - and Poland has not escaped the attention of the more
astute investor.
Investing in property in Poland is a choice
that is looking more appealing for property investors seeking
easy financing options, as well as cheap properties that offer
good capital and income gains.
At the moment, the rental market is very much
in the emerging category and rental yields are generally around
the 4 to 6 percent mark.
Most investments are currently being made
in the urban regions of Poland such as Warsaw, Lodz, Krakow
and TriCity, although there is an increasing trend towards
rural investing and developing, which is gaining momentum
thanks to a growing tourist trade.
In 2004, Poland joined the EU along with nine
other countries and since then it has offered many more opportunities
for external investors. Individuals from other EU countries
are now free to buy property in Poland, which has worked wonders
for the housing market.
Although entry to the EU is historically the
point that house prices start to rise, the process, nevertheless,
takes several years and experts believe that Poland still
has a lot more to give.
One thing that has been hugely beneficial
to Poland is the economic stability that has been forthcoming,
after joining the EU. In order to enter the EU, Poland had
to ensure that it met the rigorous standards required; furthermore,
Poland looks set to enter the European Single Currency in
2010. Meanwhile, Poland's economic status goes from strength
to strength and more inward investment has followed, driving
house prices upwards.
Having gained this extra economic strength,
people are flooding to the region and the capital, Warsaw,
is set to see its population double by 2010, a factor which
is likely to continue to fuel the property market.
Although the Polish residential market has
seen a huge rise in prices, over the last three years, in
some affluent areas house prices have risen by as much as
50 percent and analysts believe that the market is still very
much on the up.
It is estimated, currently, that there is
a deficit of approximately 1.5 million properties and a further
3 million that are in need of renovation. These figures, unsurprisingly,
are attracting investors from around the globe.
The Chief Economist from CU Investment Management
has suggested that the current trend of increasing prices
of 25 percent per annum will eventually drop more towards
the 8 percent per annum mark.
Poland is also a wonderful location for investment,
as it is the transportation hub for Europe and is, therefore,
encouraging considerable inward migration, which is likely
to ensure that property prices remain upwardly mobile for
years to come. Finally, moving away from the communist era,
Poland is not to be overlooked by outward looking property
investors.
Overall, Poland makes a superb long-term investment
with promising capital gains. However, in the short run, financing
may need to be arranged while the rental market gains the
necessary strength to support the buy to let market.
Everything
You Ever Wanted To Know About Poland |
Poland
Real Estate |
Guide
to Buying Property in Poland | Real
estate in Krakow, Poland |
Poland,
after 2 years in EU, is riding a property wave |
Investing
In Krakow Property In Poland |
Investing
In Property In Poland |
