Poland: Europe’s best kept property secret

Research conducted by Property Secrets highlights not only why Poland is a prime hot-spot for property investors, but also why carefully selected developments, and detailed market analysis, will yield returns well over and above the market average.

With Poland’s economy recording a 5.5% rise in GDP for Q2, plus a record breaking 14.4% increase in foreign direct investment, a significant bi-product has been its flourishing property market.

Property Secrets Analysts note that Poland’s average property market growth stood at 21% in 2005, with Krakow and Wroclaw posting particularly impressive growths of 29% and 24% respectively.

Head of Research and Analysis Simon Tweddle commented: “Aside from the impressive market performance, Poland is attracting a lot of foreign interest due to its favourable finance options. Foreigners can get mortgages with LTV’s of 85%, terms of up to 30 years and interest rates as low as 3.4%.

“Allied to this is Poland’s archaic planning laws which continue to restrict the supply of quality housing to a growing professional and middle class market. The result of which is that demand is far outweighing supply”.

But with any oversees investment it is a detailed understanding of the individual markets plus expert contacts on the ground that will help those investments yield spectacular returns.

In Krakow and Wroclaw alone, members of Property Secrets who invested in deals witnessed an average annualised growth of 88.9% and 61.6% respectively. Also delivering results over and above the market average were developments in Warsaw (39.8%) and Poznan (38.2%).

Tweddle continued: “Using research and analysis to find the right country and latterly city is only half the battle. You cannot afford to neglect relationships with developers, and a good knowledge of individual developments which will help you yield the greatest returns and guarantee your peace of mind.

“It is under these circumstances that you can expect to gain returns well above the market average as proved in recent deals where Property Secrets deal investors received impressive capital growth”.

For more information go to propertysecrets.net.
Source:easier.com