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The housing market in Poland is seeing some interest from investors abroad. Since joining the EU there are many opportunities in the air - helped by many very cheap flights from the UK and western Europe. Warsaw is of great interest with a chic, trendy air, and historic Krakow is top of every tourist's must-see list when visiting Poland. Also, a new trend is to have major dentistry work undertaken in Poland at a fraction of the price it would cost in the UK!
Ask a ProfessionalThere are investment prospects in Poland, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. In some Eastern European countries there are various restrictions on foreigners owning land or property, so this needs to be checked out fully. Any property purchase is a major undertaking. It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.
Surge in InterestThe interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.All links and text on this site have been provided for informational purposes - they are not recommendations. |