11/29/2006

Expert tips Poland as property investment hotspot

Investors might want to consider Poland as a place to buy property as house values in the area should rise by 15 per cent a year in the next five years, according to a property expert.

James Naughton, owner of tniproperties.com, said that Krakow has seen house prices rise "phenomenally" in the past few years, with estimates revealing that prices have gone up 27 per cent in the past year.

Mr Naughton estimates that this is probably closer to 80 per cent in the past 18 months and recommended Poland as a great place to buy property.

He said: "I'm being conservative at 15 per cent. Krakow was the best-performing market last year percentage-wise with Warsaw not far behind.

"Krakow did 27 per cent but that's not really indicative. I think in the last 18 months, according to TVN which is a financial television station over here, two months ago they were saying that Krakow did 72 per cent in the previous 18 months."

Mr Naughton added: "I think it's fair to say an 80 per cent jump in the market."
Source: realestatetv.tv



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