Buying Property in Poland
The Definitive Guide to
Buying Polish Property

Motivations to Buy

This is a preview to the chapter Motivations to Buy from the book Buying Property in Poland by Tim Hill.
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Escaping the rat race is nothing new and for many years Western European city dwellers have been cashing in their properties in order to move abroad. Their sale often pays for a better property in another country as well as enough savings to live years enjoying tastier food, a slower pace, a healthier existence and sometimes even better weather.

Traditional destinations have included Spain, provincial France and Italy but rising prices have made these nations less viable. For the same reason, if not more so, moving to larger cities in these countries is also becoming financially more difficult.

Ten new European Union members in 2005 and 2007 suddenly opened the door to 10 new possibilities but, on closer inspection, almost all lacked the diversity in landscape or culture offered by their predecessors. Poland, however, stands out. It is a country on a similar scale to Italy, France and Spain and so it has a multitude of ways to fulfil the wish lists many escapees make.

Unlike a number of its European counterparts all these options are open to the immigrant with modest savings. A Warsaw city centre pad to ‘live it up’ can cost just 250,000 euros while a country house could set someone back as little as 15,000 euros.

The country offers everything: ski resorts, mountain ranges, lake districts, extensive forests, protected coastlines with golden beaches and thousands upon thousands of square kilometres filled with rolling hills and rural living. Interspersed throughout are medieval towns and villages as well as larger metropolises, home to a full menu of cultural activities from theatre to ballet to techno clubbing.

Although geography and entertainment are important, a better lifestyle also depends on food. Poland’s new wealth has seen the rise of supermarkets selling low cost, albeit bland products. But as with France these sit peacefully alongside farmers markets with the organic and tasty produce that has all but been forgotten in countries such as Britain.

This is made all the more tempting by the low cost of living. According to Eurosat few places are cheaper than Poland for food, beverages and tobacco1. Electricity and gas bills are also considerably lower than Spain, Ireland, Germany and Italy.

If you are considering a family move with children the quality of the state education system is well recognised across Europe with high school students achieving entry into the likes of Cambridge, Oxford and the London School of Economics.

The weather is what attracted so many to Spain in the 1970s and 80s and in this respect there is a compromise. Polish summers offer much in the way of hot sunbathing days but the winters are cold, very cold.

"Very cold" are words most people don’t want to hear but Central European winters have to be experienced to be understood. The air is dry and strong winds are rare making the lower temperatures less intense. The landscapes are covered by a blanket of snow and on the North coast the beach meets a frozen sea.

Poland is a country that still has seasons. Hot summers that cool into blazing autumns. Colours that give way to snow and frost. Winters with short days that thaw to a spring and a real sense of nature returning. To some it is unbearable, to others it is magical. If you are considering a permanent move to Poland, make a winter visit first to find out which one you are.

Business Ventures

The focus in the media, and very often from Polish government agencies, is on how great a place the country is to set up a production facility. This is certainly true with high unemployment, a well-educated workforce, cheap land, tax incentives, low salaries and competitive energy prices.

But there is a flipside too. Poland represents 38 million consumers, a massive potential market for anyone. What is more most of the current population is within living memory of the shortages and empty shelves in the 1980s.

They are keen to bury this past with strong demand not only for property but also for cars, furniture, electrical items, holidays and anything else already part of every day life in the West.

Coupled with this is a lack of confidence in the currency, which was last devalued only a decade ago. Together they mean Poles have a much higher propensity to spend rather than save.

If you have a product or service that sells well in Western Europe chances are you will find a large, ready and possibly better market in Poland.
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What else is in the chapter 'Motivations to Buy'?

Capital Gain

Poland has already seen large-scale price rises and from afar it would be an easy mistake to believe the property market was now in place and in line with the ...

Buying to Let

It is widely accepted in Poland that most properties will not provide an impressive yield in their first two to three years. In major cities like Kraków or Warsaw expect ...


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