HISTORY OF BUYING PROPERTY IN POLAND

Poland is a newcomer to the international property market.  It is only since it was granted EU accession in 2004 that foreigners have been allowed to own property there.  Since then, prices have grown by as much as 20% annually, fuelled by a rapidly transforming economy.  Traditionally based on agriculture, Poland’s economy is now giving way to the technology and service sectors, and with the number of young professionals living in the cities expected to double over the next 10 years, producing a ready supply of tenants, investors will be keen to buy now in order to reap high rental yields.  

Buying a property in Poland today

The main property buying areas are in the cities of Warsaw, Krakow, Poznan and the mountain regions of the Tatras, in the south.  Property prices are relatively modest compared with other European countries and demand for good quality rental properties from the local market is high.  On average, a one bedroom apartment in Krakow costs from £40,000; a two bedroom apartment in the Tatras Mountains can be bought for £80,000; while £150,000 will secure a five bedroom maisonette with 24 hour security in the centre of Warsaw.

Whatever your choice of area and whatever your budget, you can rest assured that Prime Overseas Property is committed to helping you find the best property at the best possible price.

(All calculations are for illustrative purposes only.  Please check our property details for up-to-date prices and specifications.)