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Poland is a property boom that has already started but has a long way to go.
The maths are simple - Poland has a GNI per capita of $5,280 compared to $25,270 in Germany (Source: World Bank) - it's a disparity far too great to maintain.
The proof can already be seen in GDP growth.
In 2004 this was 4% in Poland compared to 0% (yes zero) in Germany (Source: World Bank).
If you need any more reasons why property prices will continue to rise steeply click here.
Otherwise it seems obvious that the main questions really not 'if' or 'when' to buy but 'How' and 'Where'.
It is also worth considering why Polish properties have not already boomed considering it has been an independent state since 1989 and part of the EU since 2004.
This is a fair point and what makes Poland an investors dream! In order to stop properties becoming unaffordable to the local population foreign buyers require permits which allow them to buy limited property or land.
Buyers should be aware that permits are more restrictive close to the German border for obvious reasons.
These will gradually be phased out and as these 'phase out' dates approach prices are expected to rise even more rapidly.
Services from Mamdom
Visiting Poland, Translation Services, Negotiating a Sale Price and Project Management.
How to Buy Property and Real Estate in Poland
How to get a permit, costs, etc.
Where to Buy Property and Real Estate in Poland
Guides to each Polish country including area overviews, land and property commentory and future prospects.
Polish Climate and Lifestyle
Pictures and text on how life is in modern day Poland.
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