Poland 'set for more growth'

Poland could be set for further property price growth of ten to 15 per cent in 2007, an expert has claimed.

The country led Europe's house price growth in 2006, witnessing considerable property price rises of 33 per cent according to figures from the Royal Institution of Chartered Surveyors (Rics).

This was on top of house price rises of 28 per cent in 2005, with Warsaw and Krakow seeing particularly strong growth in the past year.

And according to a spokesperson at property investment intelligence firm Property Secrets, the strong house price inflation could be set to continue this year.

The spokesperson said: "Poland is still an excellent investment option with property price growth set to continue. Supply hasn't met demand yet, so ten to 15 per cent growth over the next year could be seen."

Among the best places to invest in Poland are the maturing market of Warsaw, prime locations like Mokotow, and Wroclaw, the fastest-developing city in Poland, the spokesperson added.
Source:realestatetv.tv