property investment poland
Olechow

One city raising eyebrows for a significant rise in inward investment is Poland's second city Lodz. Located roughly 1 hour and a half from Warsaw, Lodz has become a new focal point for light industry in Poland. This was demonstrated by the recent opening of the new Dell Computer factory eventually creating up to 3000 jobs in the short term.

The Olechow development is a great opportunity for those who wish to invest in an up and comming area which will offer the best possible scope for capital growth, and with a minium initial investment.

The project is located in the Olechow district near Wojewódzkiego, Cynarskiego and Zakladowa streets. This unique property investment comprises of seven buildings with garages, situated in a quiet area. There will be also a green belt and carpark. It is approximately 6 km from the city centre.

Block 7 is now being released for sale and it contains 44 apartments including studios, one and two bed apartments. All apartments come with parking and a full fit out package. Full public transport facilities are located nearby. Block 7 is due for completion in Spring '08. The development is located 300 metres from the site of the much publicised and recently completed Dell factory. As mentioned above this factory will initially employ 3,000 people but is expected to grow over the coming years.

The city of Lodz is Poland's second largest with a population of over 900,000. It is located 137 km from Warsaw and a motorway will soon be completed to link the two cities. Upon the completion of the high-speed train between Warsaw and Lodz (with transit times of about 1.5 hr) it is anticipated that many people will live in Lodz and commute to Warsaw to work.

A scenario like this would lead to increased demand for residential property in Lodz. It has for some time been one of the poorer cities in Poland and has not seen the dramatic rise in property values as experienced in other cities such as Warsaw, Wroclaw and Krakow.

This however is beginning to change as, due to the availability of an educated workforce, we are beginning to see large multinational direct investment into the economy with companies like Bosch, Siemens, Gillette, ABB and of course Dell already set up.

Low capital outlay – 30% deposit with 70% due on completion in Spring 08. Mortgages due to be arranged for this amount.

Lodz prices still low but starting to rise quickly.

Up to 100% Mortgages available for the local market.

Limited number of apartments available.

Demand for housing in Poland outstripping supply

Different capital appreciation reports forecast at 25% to 50% in Lodz for 2008.

Strong rental demand due small numbers of new housing being completed.

Reputable Developer - in the area for 15 years.