property investment poland
FAQ´s Poland
- What can I get for my money?
- Is it difficult to get a mortgage in Poland?
- How much capital appreciation can I expect annually?
- Which areas in Warsaw are likely to give the most favourable return in the future?
- Is it difficult to purchase property in Poland?
- Is it secure to invest in Poland?
- If my apartment needs fitting out, redecoration or improvement, how difficult will this be to achieve?
- Once I have purchased my flat, I would like to furnish it, and then rent it out, could you help me with that?
- Could you please explain me, step by step, the purchase procedures and charges?
1) What can I get for my money?
You can budget for a buying price of between EURO 100,000 (50m2 1 bedroom flat) to EURO 220,000 (100m2, 3 bed flat) in a good area on the outskirts of Warsaw and a little more in Warsaw itself.
2) Is it difficult to get a mortgage in Poland?
No, it is very easy to get a mortgage in Poland and, most importantly, you, as a foreign investor, can get up to 90% mortgage! This makes it very easy to gain a foothold in this fast-emerging market.
3) How much capital appreciation can I expect annually?
The average capital appreciation over the last 3 years has been in the 60% to 150 % range, dependent on location, condition, transport links, etc. (average 35% per annum). Although this statement must be treated carefully when considering investing for the future, market indications are forecasting a healthy market over the forthcoming years, following Polands accession to the EU. Check our selection for property investment in Poland or contact us with your requirements today.
4) Which areas in Warsaw are likely to give the most favourable return in the future?
This is a difficult question, but we are sure that certain areas are underpriced, and with the new money coming in to build new bridges, roads, metro line, cultural and entertainment complexes, the purchase of properties in strategic positions will prove very profitable in the future.
5) Is it difficult to purchase property in Poland?
Since joining the EU, any EU national can acquire and sell flats/houses without requiring a permit. The procedures are relatively simple, and a decision to buy can be made, and a bank account opened in Poland during your initial inspection trip. You can then return when the Pre- Agreement is signed with the seller in front of the Notary Public, and the initial deposit paid. One more trip a month later to sign the Final Agreement, and the apartment (resale) is then yours (resale apartments), or at the end of the development (new apartments).
6) Is it secure to invest in Poland?
There is no reason that your investment will be any less safe than at home. For EU nationals Poland has no laws on restricting sale of property, or on remitting your profits out of the country. more about investing and property for sale in Poland.
7) If my apartment needs fitting out, redecoration or improvement, how difficult will this be to achieve?
We have an apartment finishing service which can complete your works for just a reasonable sum, and can advise on all aspects, including design.
8) Once I have purchased my flat, I would like to furnish it, and then rent it out, could you help me with that?
Of course, no problem, we can finish your apartment and can help you in renting your apartment out.
9) Could you please explain me, step by step, the purchase procedures and charges?
- Confirm an interest in the property investment in Poland.
- Discuss property details/agree to purchase
- Initial mortgage application, if required
- movewithus international is to confirm availability of property/reserve unit * An inspection trip can be arranged with movewithus international to view alternative properties and arrange a bank account to be opened in Poland, if required
- Sign agreement with FP/pay their fee
- Sign letter for Power of Attorney (PoA), if required
- FP’s lawyer to verify legality of all documentation/pay their fee
- Sign Developer’s Reservation Agreement/pay fee, normally €1300
- Final mortgage arrangements completed/pay arrangement fee, if required
- movewithus international (sign as PoA) Developer’s Pre-Agreement/or initial Notary Deed (10% normally paid direct to the Developer) to be signed
- Stage payments (based on progress or time schedules) will be paid direct to the developer during the course of construction (movewithus international can arrange inspections to confirm construction stage achieved), unless a 10:90 deal
- Final payment due on completion of property/handover of keys (Movewithus internationl can arrange final technical inspection for defects/sign off)
- Notary deed to be executed after final handover
