In recent years, Poland has become a major logistics center in Europe, thanks to which the country's economy has developed rapidly. Many foreigners began to move to this country because of the good living conditions, which are provided by loyal laws, not the highest tax rates (one of the reasons why German entrepreneurs open their branches here), a fairly simple procedure for issuing a residence permit and subsequent citizenship, which also makes it possible to obtain a mortgage loan.
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Poland also attracts many international youth: there are a large number of universities where you can get a high level education. Therefore, many international companies are now planning to invest primarily in student housing in Poland, and only then in the Czech Republic and Hungary.
In 2018, in just one quarter in the largest cities in Poland - Warsaw, Gdansk, Gdynia, Krakow, Lodz, Poznan, Wroclaw - the average property value increased by 7%. Experts call the Polish housing market no longer developing, but one of the largest in Europe, and even predict increased attention of international companies that, as a result of Brexit, will leave the UK for Polish cities. Investors are expected to have high chances of good liquidity in the near future. True, the Polish political instability also takes place, but this does not yet affect the local housing market globally, so the current situation can be called optimistic from all sides.
Trends
Today, any Polish real estate is in demand: in cities and suburbs, both apartments and small houses with land plots are in demand, as well as resort real estate near the Baltic coast, as well as commercial square meters. The most popular was the purchase of housing, which will subsequently be rented out.
In Poland, the time has passed when investors bought several apartments and were independently organizing finishing work, buying furniture, searching for tenants - now all these concerns are taken on by large operators. Impressive hotel-type residential complexes are being actively built in Poland, both in large cities and in the central zones of the most popular resorts on the Baltic coast.
By purchasing apartments in such complexes, the investor not only gets them into ownership, but also concludes a contract for 10-20 years with a guaranteed income of 7% per year. At the same time, the owner does not have to worry about minor malfunctions that periodically occur in any housing, and also does not think about the fact that the tenant has moved out and needs to look for a new one or take care of cleaning, replacing equipment and other trifles - all this is done at the expense of the management company ...
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Leading cities
The owner decides for himself when he wants to come and live in his apartment, and when - to rent it out. As for the cities, the most popular cities for investment today are Warsaw , Krakow, Poznan and Gdansk. Warsaw is a leader because it is the capital, where key events take place and most of the country's business life is concentrated. Krakow is a tourist destination, profitable for investing in hotels and hostels. Poznan is a city of business opportunities, it is located almost halfway between Berlin and Warsaw, so most foreign firms are localized here. Gdansk has a reputation as a beautiful port city, attracting investors from many countries.
Warsaw leads the national ranking in terms of real estate prices: one square meter in the Polish capital costs 2,158 euros. Experts explain this growth by an increase in demand, a lack of supply, an increase in real estate construction costs, as well as the closure of a program for young families in January 2018. The cheapest real estate in Poland can now be purchased in Wroclaw for 1483 euros per 1 sq. M.
Buyer portrait
In recent years, the share of foreign investors in Polish real estate has increased significantly. Citizens of Ukraine, Germany, France, Holland, Great Britain and Belarus became the leaders among the buyers of local square meters. The interest of the citizens of Cyprus, Luxembourg and Israel is growing significantly. Citizens and companies of Belarus for the first time entered the six largest buyers of real estate last year, setting an economic record for investments in this segment of the economy of the neighboring country.
Representatives of Germany and France buy a lot of commercial real estate and locate their production plants, warehouses, business centers in Poland. Israelis see great potential in Polish real estate, and, compared to real estate in their country, they get a faster profit when buying and then renting it out. The Spaniards and Cypriots, choosing Polish real estate, say that they are tired of the hot climate of their countries, and they also want to get a good profit from renting real estate not only in the high season from May to September, but all year round.
Purchase opportunities and limitations
A foreigner will only need a passport and money to buy a home in Poland. The exception is apartments in the border areas - they will require permission from the local Ministry of Internal Affairs. The process of obtaining it is quite simple, but lengthy - about one year. A foreigner must prepare a statement, substantiate the reason for the purchase, prove his connection with Poland, attach the necessary documents according to the list, pay a state fee of 400 euros. The most difficult thing in this process is to convince the owner of the property being sold to wait until the foreigner receives such a permit.
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For the purchase of real estate that is associated with land belonging not only to the border zone, but also to any part of it (this also applies to commercial real estate), you need to obtain a purchase permit. Without it, the fact of purchasing a home will be considered invalid.
Foreign buyers of real estate in Poland today see great prospects when choosing the right type of real estate for themselves - from small apartments to huge business centers, hotels and manufacturing plants. According to local analysts, the increase in prices for Polish real estate will continue for a long time, as a result of which the investment attractiveness of the local housing market will continue to grow.
Thank you for your help in preparing the material:
Natalia Zaitseva, expert at Keller Williams Poland
Taras Chernenko, director of Tairagroup. Real Estate
