Published on 13 February 2007 at 01:27 pm
Filed in Property News for Poland » Can Poland Continue to Deliver Property Price Appreciation?
According to the Royal Institution of Chartered Surveyors’ European Housing Review, average property prices rose by 33% in Poland in 2006 and 28% in 2005 proving that Poland has been returning more than favourable capital appreciation for investors - but can Poland continue to deliver property price appreciation?
At Amberlamb we can confirm that Poland’s property market is one of the most dynamic in the Central and Eastern European region right at the moment, that it has been particularly attractive since 2004 and that there is still room for significant growth in underlying property prices despite certain areas of the country such as Krakow having witnessed over 50% gains last year.
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Since Poland joined the European Union back in 2004 the rules relating to the foreign freehold ownership of property in Poland have been eased and the entire property buying process is now far more transparent and simple to navigate.
When it comes to an examination of how to buy investment property in Poland a little will still depend upon the nationality of the buyer - but with the assistance of a local estate agent and English speaking lawyer the whole process should proceed seamlessly.
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Poland is one of the most successful of the transitional European economies and the country saw incredibly strong growth in 2004 after joining the EU. For a property investor these facts are critical and mean that any investment made into the Polish property sector will be based in a stable country and one in which there is room for growth and further development.
To attract continued levels of foreign direct investment into all sectors of the economy the Polish government have put in place a series of economic incentives and these include the rebate of real estate tax, the payment of grants and reimbursement of land costs for certain types of investors which is just one more reason why Poland is an attractive prospect for property investors seeking the best opportunities and potential for long term gains.
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The cities of Warsaw and Krakow in Poland offer property investors some of the lowest risk, highest growth potential real estate opportunities in any of Europe’s transitional economies.
As a result of the massive ongoing economic reform program that Poland began back in the 1990s the real estate sector in Poland has really begun to benefit from both foreign investment and local economic expansion and yet it remains an emerging market with low prices and huge room for growth and development. Quite simply, Poland is an incredibly exciting opportunity for property investors right now.
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