Buying Property in Poland
The Definitive Guide to
Buying Polish Property

Poland

This is a list of how often and where the term 'Poland' appears in the book Buying Property in Poland.


Search result for 'Poland' in Buying Property in Poland

0.
"... it's glory days now firmly in the past. By geographical size Poland is the ninth largest country in Europe covering just over 312,000 square kilometres and so placing it on a par with the likes of Germany, France, Spain and Italy. The nation borders Germany, the Czech Republic, ..."
"...If you are making a large financial investment in a country it is worth knowing something of its history as this goes a long way to understanding the mentality of its people. There is nowhere that this is more true than in Poland where the population are proud of a nation that has been through more than a few hard knocks. ..."
30.
"... European expansion. Equally important and taught at Polish schools across the land is 1791 when Poland introduced the first constitution in Europe (the second in the world after America) and 1747 when the first public library in mainland Europe was opened in Warsaw. Unfortunately internal ..."
"...The following 125 years are always referred to as the time when Poland did not officially exist. With great pride Poles will tell you that despite the extremely oppressive tactics of the occupiers the language, educational system and culture remained alive and taught at underground institutions or from generation to generation. ..."
"...At the end of the First World War Poland once again achieved independence and a democratically elected government was formed. Peace was short lived and an invasion by the newly formed Bolshevik army hoping to spread the communist system further into Europe was both defeated and driven back, nearly to the gates of Moscow itself. Other border skirmishes ..."
"...Most memorable, and least known outside Poland, is the Warsaw Uprising, still celebrated with a national holiday each year. On the 1st August 1944 the Polish underground army launched an attack on German troops in the capital after promises of assistance from London. Russian forces had advanced to within a few kilometres and this seemed like ..."
"...stopped any military action against German positions but also refused to allow allied planes use of airstrips needed to supply the uprising. His motives were clearly similar to those of 1939. In letting the Germans put down the rebellion and execute soldiers with the motivation to see an independent Poland he would have fewer problems later in bringing the country under his control. ..."
"...During the war the Polish army was the fourth largest Western ally after the United States, Britain and Canada, a fact which has gone unnoticed in many history books. It was also Polish mathematicians who laid the essential groundwork needed to crack Hitler’s Enigma Code. For all this Poland felt abandoned in 1945. Having helped to free Western Europe it was left to fall under the communist yoke for the next forty-five years. ..."
"...In modern days and with rising wealth this 'chip on the shoulder' is disappearing but comments such as "We entered the war because of Poland" will not make you any friends and in some cases can provoke a torrent of detail about these years which most Westerners are poorly equipped to argue. The Poles know their history, they learn it well. ..."
"...Stalin and his predecessors were always aware that Poland had a strong and fierce national identity so, with certain constraints, it was very much left to its own devices. Talking politics with friends or co-workers was not something to be feared; the church was often quite outright in its criticism of the government; films depicting the irony of ..."
82.
"... did little but sit and watch. Modern day Poland’s first taste of capitalism then was not a pleasant one and within three years the modernized socialist party, containing many ex-communists, won a landslide victory and would remain in power for the next decade. It was the socialists (often ..."
84.
"... the next decade. It was the socialists (often referred to in Poland as 'The Communists' because of the large number of ex-party members it contained) in the end who would guide the country through economic reform and into the European Union in 2004, not the capitalists. - Famous People - ..."

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Chapter 2: Poland Today
"...Unlike many of the stereotypes associated with Poland as a cold and industrial land it is a modern country rapidly catching up with its Western neighbours (see Part Two: Why Poland). The infrastructure supporting telecommunications, the internet and postal services rival any European country. Roads and public transport may still need a great deal of work but ..."
4.
"... other countries to a grinding halt. This chapter covers the current state of the country’s main services while Part Two: Why Poland? looks in detail at the economy, property market and other factors that will influence a buyer’s decision to purchase. - Telephone and Internet Services - ..."
8.
"... - The old analogue system was not widespread in Poland, which meant that when modernisation came service providers could move straight to a digital service although distributing this was a mammoth and slow task1. Today the digital telephone system is available almost everywhere. Poles ..."
"...Among those who have spent any time in Poland the roads are both famous and infamous. In 1990 there were almost no motorways and only a handful of dual carriageways. The situation is improving slowly and now there is a toll motorway between Kraków and Wrocław (running along the south of the country) and a toll motorway starting ..."
46.
"... of ploughs and gritters work around the clock. Even the smallest roads tend to be cleared at least once a day. For detail on the future investment plans see Part Two: Why Poland? - Public Transport - Local buses still vary dramatically in their quality with a new fleet slowly replacing ..."
"...Poland is a country of extremes where you can truly feel the seasons. The long hot summers with temperatures between 30 and 40 degrees are ideal for sunbathing, swimming in lakes or lounging on the beach. Autumn brings stunning colours to the numerous woods and forests with walking, cycling and ..."
"...remain abuzz with activity and most boast a full calendar of cultural events with theatre and film festivals, classical music, art exhibitions and much more. Most also have a festival in the summer with outdoor theatre and music. Whether you are looking for culture or clubbing, relaxation or activity, Poland has it and the diversity and variety of what is on offer grows continuously. ..."
"...The situation may well however be on the turn. A low turn out in 2005 resulted in a shaky nationalist coalition, which passed a great deal of unpopular legislation and gave Poland poor international press coverage. The population, both at home and abroad, showed great determination to repair this in 2007 when a near record number cast their vote and the more liberal and progressive Platforma party won by a substantial majority. ..."
"...The Polish are very much in touch with the great outdoors especially because there is so much of it and, because the population is spread across the country, it is all within easy reach. Nearly one third of Poland is covered in forests, 23 national parks account for nearly one percent of the land mass (over 315,000 hectares), a further 100 natural landscape parks, over 1,000 nature reserves and nearly 10,000 lakes (many suitable for swimming and with man-made beaches). ..."
"...representative on his way home may well stop off and take a ramble through the forest to find something for supper. You will also see locals beside roads with baskets ready picked and offered for sale. In the West we have learnt to worry about the wild mushroom, in Poland it is sought after. ..."

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8.
"... a practical and good value option. Perhaps for this reason many journalists who visit Poland for a short period of time misreport and confuse the concrete blocks as ‘council flats’ because they compare them to what they know in their home country. In Poland however the situation is ..."
"...In Poland however the situation is stood on its head. At the end of the Second World War period properties were given over to the very poor. They were drafty, damp and had poor insulation. The construction of vast estates that was to follow was only for those who could afford ..."
34.
"... - After World War Two a growing middle class emerged in Poland and brick built houses became popular. These are generally constructed out of large ceramic bricks (for good insulation) and the outside is then plastered over and painted. Their layouts are broadly similar. There is a ..."
"...As with almost all European countries Poland had a large and wealthy aristocracy who built palaces of all shapes and sizes from 10 to over 100 rooms. During socialist times many of these were confiscated by the authorities and fell into disrepair. Hence now you will find a large number of these properties are not being ..."
"...Important to note here is a fundamental difference between the housing policies of Western governments and those of Poland during the post-war concrete block-building period. While in the West estates were built for the socially poor and became the ugly council estates that are still so evident, in Poland the poor got the period properties and the new estates were built for people with at least some wealth. ..."
"...Poland does have new and modern office space exactly as you would expect to find in Western European countries, albeit in short supply. Equally there is plenty to be found in blocks from the 1960s and 1970s, some of which has been renovated and cabled for modern computer and telecommunications ..."
"...There is currently a massive categorisation programme of land going on across Poland known as the Three Dimensional Spatial Plan. Each plot of land is being assigned a use, agricultural, housing, industrial, recreational and so on. As expected this process is full of disputes, arguments and disagreements and so in many areas, especially the major cities, it is slow going. If you ..."

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"...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. ..."
"...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. ..."
12.
"... 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 ..."
"...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 ..."
26.
"... 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 ..."
32.
"... 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. Whether you plan to export products to Poland or produce products in the ..."
33.
"... better market in Poland. Whether you plan to export products to Poland or produce products in the country, either for domestic or international markets, you will need to know what you are doing. Profitable though it might be it is also highly complex and bureaucratic. However there is plenty ..."
"...However there is plenty of help at hand from the Polish Information and Foreign Investment Agency, who will assist anyone looking to make a substantial capital investment, to numerous private consultancies with English speaking staff. To make a start pick up the guide How to Do Business: Investors’ Guide Poland, which explains in detail the process of setting up and running a branch or company, the numerous government and EU incentives as well as useful information on costs and similar need to know data. ..."
"...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 rest of Europe. However there are economic influences and a developing infrastructure that will all play key parts in driving ..."
"...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 about 4—6% and probably to earn no substantial income on a mortgaged property after service charges and agency fees are accounted for. ..."

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"...For many this rings alarm bells. Western Europe has seen property bubbles burst and the consequences of crashes. There are a host of statistics supporting the view that Polish prices have already gone too far. After all the average salary in Poland rose only 5% between 2005 and 2006 and the construction sector is delivering over 100,000 new dwellings every year. ..."
"...Secondly, although it is recognised that Poland is coming from a low base there is some question over how low. In the past many transactions were carried out with an illegal element to them. The buyer and vendor would agree a purchase price of say 250,000 zloty but also agree that on the paperwork and legalities ..."
"...Yet in Poland the anomaly doesn’t seem to affect the market. Large numbers of seemingly expensive properties are successfully tenanted to Poles in short periods of time although this is statistically impossible. In some cities, such as Katowice, it is difficult to beat other tenants in a race to properties that should ..."
"...A famous case in point is the town of Siemiatycze, a town of 16,000 inhabitants in the north-east of Poland. On paper this area is poor with high unemployment but this is hard to imagine as you walk through the streets of new or renovated houses with gleaming cars sitting in their driveways. How did it happen? Well it is estimated about 25% of adults actually work in Brussels ..."
"...On a final note, although the average salary figure in Poland is misleading there is plenty of evidence to show the link between the earnings and property prices are a weak measure anyway. In the UK, for example, average salaries rose 39% between 1997 and 2005 while property prices increased 276%. This is an already expensive market that many doomsayers ..."
48.
"... doomsayers expected to crash a long time ago. - New Housing Stock - According to the United Nations Poland has the lowest number of homes per 1,000 inhabitants when compared to all of Central and Western Europe. Polish developers then could not imagine a better market. Apartments and ..."
"...Poland has plenty of land. The United Nations World Population Prospects estimated on average 123 people lived in each square kilometre of the country compared to 246 people in the United Kingdom. The issue has been in deciding what this land should be used for and to this end the ..."
"...Finally, although Poland is a large country and the population is not specifically crowded into one area, it is on the move and urbanization is causing demand pressures on every city. The United Nations predicts that 70% of Poles will live in urban areas by 2030 compared to 62% now, in real ..."
62.
"... With bureaucracy slowing down the availability of land, developers seeing problems in being able to deliver at the rate the market demands and increasing urbanization it would appear that Poland will continue to suffer a housing shortage, and probably for at least the next two decades. - ..."
"...The second involved German citizens. In 1945 the borders of many European countries were redrawn and Poland was no exception, it was actually moved 300 kilometres westwards. As a result hundreds of thousands of German nationals were forced to, or chose to, leave what now was West Poland. This process continued even into the 1970s. ..."
"...Now surviving family members have been returning to Poland to see if they can reclaim what was taken from them in such extenuating circumstances and both Germans and Jews have had pleasant surprises. Imagine returning to a country you left 60 or 70 years ago, opening the land registry, identifying a property and finding your name or the ..."
"...The causes are two fold. Firstly the Polish statute books were never updated to recognise the 1945 Potsdam agreement, which gave Poland its new borders. Secondly Polish land registry is hopelessly out of date and in many cases it is the current owner who is to blame. In order to save on court fees during the purchase no papers were lodged with the registry. For similar reasons owners who thought they ..."
"...Poland recognised this potential early with The Act on the Acquisition of Immovable Properties by Foreign Persons. Its early purpose was to stop wealthier Germans purchasing vast tracts of land as the borders opened up and this can still be seen in stronger limitations on what can be bought in ..."
92.
"... Buy. The Act has been effective in its aim and property remains generally affordable to Poles, both to buy and to rent. Refreshingly, it is the population’s own wealth that is driving the prices up and this makes Poland one of the most stable and risk-free countries in which to buy. - ..."

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"...This means it is only necessary to know if confidence in Poland is likely to grow over the coming years. The more confidence there is in an area, the more companies will invest in business and private individuals will invest in their own lives. The more this occurs, the more demand there will be for property and thus the higher its ..."
"...The indications for Poland are numerous and strong as the country has a strong imbalance in its Gross Domestic Product versus Germany and it is set to benefit from further foreign investment, freight and logistics growth, a rising tourist trade, further confidence in the use of mortgages and the introduction of the euro. ..."
"...When Poland achieved full independence in 1989 its Gross Domestic Product per Capita was a fraction of its German neighbour. It was obvious that two countries sitting next to each other with similar political systems and resources could not maintain this disparity. Either Germany would have to go into recession or ..."
"...On the former Poland has performed extraordinarily well with large inflows — 13 billion dollars in 2004, 10.5 billion in 2005 and nearly 14.9 billion in 2006 (when it overtook Germany). High unemployment, low salaries, cheap land, an educated workforce and numerous tax incentives have all played their part in attracting FDI. ..."
"...Countries like Poland have offered companies a viable and geographically more desirable alternative to the likes of China and India where delivery is slow and the return of faulty goods awkward. Interestingly there are some early signs that Chinese and Indian companies are looking to set up service and logistics centres in ..."
"...The FDI Confidence Index gives guidance for the future and Poland has been very consistent in its performance. The Index is a listing of countries in order of their likelihood to receive foreign investment over the coming 12 months and is based on surveys of the major global companies. The most promising country is ranked as number one and Poland ..."
29.
"... - Freight and Logistics Growth - In the middle ages Poland made its fortune by being in the right place to benefit from the busy trading routes between east and west as well as north to south. Once again it looks as if history will repeat itself. The country quite literally sits on a ..."
"...Make no bones about it, Poland’s road network was far more underdeveloped in 1989 than most Eastern bloc countries and the sheer scale of the country in geographical size will make this a timely and monumental task. There may be around 600 kilometres of motorway now but the final plan means the construction of a ..."
42.
"... for investments of 6.2 billion euros between 2007 and 2013. Again with over 20,000 kilometres of track there is a long way to go but the network already carries 13.5% of the freight tonnage that moves around or passes through Poland. All this means the developments will not happen overnight ..."
"...The effects are already being felt with the Warsaw Voice reporting “The demand for container transport in Poland is growing about 9% faster than the worldwide average”3. The property market is struggling to keep up — in 2004 there was 1.5 million square metres of warehousing space in the country and despite an increase of 76% over the following two years to 2.7 million square metres vacancy ..."
50.
"... Poland has gone a long way to turning round the inefficiencies in many of its factories, making the country’s products desirable in foreign markets. Unprecedented growth in exports since the start of the new millennium is bringing in substantial wealth to the country and its population. ..."
54.
"... - Poland has a huge potential in the leisure market, often limited more by the lack of hotels than demand. The PMR research group found the country has fewer hotel bed spaces per 10,000 inhabitants than the Czech Republic, Germany, Hungary, Slovakia, Latvia and Lithuania. From ..."
"...From golden beaches backed by protected forests in the north, through lake districts and national parks, down to snow-covered mountains in the south; from medieval towns steeped in history to cities brimming with life, culture, festivals and a thumping night scene, Poland is a potential tourist destination to be reckoned with. ..."
"...No frills airlines like Wizz Air have also recently announced plans to increase the number of routes and services between the UK and Poland “in response to higher than expected ticket sales” and the Orbis Hotel group is expanding its 64 hotels to 83 in the country while also building a further 36 economy class establishments. ..."
64.
"... a further 36 economy class establishments. From a macro prospective the PMR research group are predicting the number of hotel rooms in the Poland will rise by 7% per year between 2008 and 2012 providing an extra 30,000 rooms and 560 new hotels. To cope with this trend Poland is planning ..."
66.
"... To cope with this trend Poland is planning to convert eight airports currently used for sports or military use and build three more, all within the next five years. This is understandable as the current 11 airports have seen annual passenger numbers grow by over 30% in 2005 and 2006. As ..."
"...Poland has its ambitions to be a Euro country and has tied the zloty to the currency since 1998. It is actually required to join the Euro Zone at some point in the future following the signing of the Treaty of Accession in 2003 and the Minister of Finance in ..."
90.
"... a little too optimistic. When it happens, property owners can expect good news on the value of their investments. - Poland Versus Other Central European Countries - Although there is much in Poland’s future that is positive any investor needs to consider not only if the country is ..."
"...Although there is much in Poland’s future that is positive any investor needs to consider not only if the country is a good place to put their money, but more importantly that it is better than other nations in similar situations and similar geographic areas, namely the 10 emerging markets nearby. ..."
"...Almost all of them show the promise of economic growth and rising property prices; it is in the stability and size of the growth that there are question marks. While Poland’s future is based on large-scale foreign investment, increasing demand for its goods and services, further tourism and rising freight and logistics needs most of its competitors are relying on far less. ..."
"...Looking at the future of the Polish property market, growth in demand seems the most viable scenario. The reasons are numerous: the population is getting wealthier at a rapid rate; plans for foreign direct investment place Poland consistently as a top 20 country for global companies; freight and logistics will increase simply because of the country’s geographical position between east and west as well as north and south (and investment in road and rail will make this even easier); there are more and more goods and ..."

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Chapter 7: Property Types
6.
"... need to re-market it. Ultimately because of the acute housing shortage in Poland (see Part Two: Why Poland) it is hard to go wrong with residential property when it comes to capital gain but the level of gain will depend on buying the right property in the right place. - Off Plan Properties ..."
"...Much of the forest in Poland is state owned but private plots do come onto the market regularly. These have become very popular as most generate an automatic annual subsidy from the EU. If this is a factor in your purchase always ask your solicitor to verify if the plot you are interested in will ..."
"...Poland’s economy is growing, and it is set to continue growing. With it comes the increased demand for services and office space, already in chronic short supply. Cushman and Wakefield, as recently as April 2007, noted, "What’s more important is that the situation is unlikely to change in the near ..."
"...The country’s natural geographical location is already making it a leader in terms of freight and logistics (see Part Two: Why Poland) but bear in mind most current and future clients want large and modern facilities3. The smaller warehousing units on older estates in the suburbs have access issues and limited possibilities to expand. ..."
"...The number of quality bed spaces in Poland is hopelessly inadequate for the demands placed upon them. From a tourist business point of view there are fewer bed spaces per 10,000 inhabitants than countries like the Czech Republic, Germany, Hungary and Slovakia6 (see Part Two: Why Poland). Add to this the growing demands of businesses to accommodate ..."
"...more than one property hotels are definitely one of the most viable options available. If tourism is your line of business and you cannot afford to buy and start a hotel in your own country, you may well find it both cheap and more profitable to do so in Poland. ..."
91.
"... factories ripe for loft conversions. However there is a second set of derelict objects in Poland offering exceptional value for money, difficult to find and requiring the creativity of an architect not only to renovate, but also to modernize. This latter set comes from the late 1980s ..."
104.
"... Tenants - Social or council housing has always been rare in Poland but those who were fortunate enough to know the right people or unfortunate enough to become completely homeless often managed to get a property at a low rent that has risen little over the decades. Social housing was ..."

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"...In terms of capital gain one would easily be forgiven, having read the previous pages, for believing it is possible to march into Poland and buy anything, anywhere and make a profit. To some extent this is true but exact locations will produce even better financial results than a simple random purchase. ..."
"...Those looking to buy for personal use should also take into account what is about to happen in Poland, as a sleepy town to get away from it all today may become a thriving commuter belt hotspot within a decade. At the same time business buyers can take advantage of this advanced knowledge, purchasing space that is highly likely to be in demand for service provision as demographic ..."
"...In order to 'buy clever' it is important to understand how Poland is evolving and the future impact of this on property prices. Demographic changes, the effect of new road and rail infrastructures, how certain areas have reinvented themselves (seemingly out of the blue) will all affect particular regions. ..."
"...Poland is a developing country with a population rapidly becoming richer. In previous decades it was not unusual for someone to spend most of their life in one property. There was little career progression and when it did happen any pay increases were nominal. With almost no social housing Poles ..."
27.
"... quieter, greener, safer, with better schools, and so on. Whatever the reasons higher property prices and affordable transportation are creating commuter belts across Poland and these areas are prime capital growth locations. With this in mind it would seem easy to take a compass, draw a ..."
"...So in Poland any town around a major city with good transport links either existing now, or planned for the future, a good infrastructure or the ability to develop one and that something extra (good schools, lakes, a national park, etc.) are the investors target and a place to avoid for those ..."
"...Poland’s infrastructure has already undergone dramatic change but it is a long way from over with billions of euros to be spent in order to bring the country up to Western standards. Luckily those billions are available, so much of what needs to be done is constrained more by logistical ..."
86.
"... - With at least 11 new airports at the planning stage and five more under consideration (see Part Two: Why Poland) there are numerous areas of temptation for speculators. Many of these locations are still exceptionally cheap as locals cannot quite believe what is about to happen. While ..."
105.
"... creating commuter belts of their own. If you are looking to establish a large business in Poland these locations should also be your first port of call and offer substantial savings in both the set up and running costs over the first few years. Further information on each one is ..."
"...From safer, more clear-cut locations to outright speculation, this is every investor’s quandary and there are certainly numerous areas in Poland where money spent is a gamble. Buyers can still however make gambles of a more or less educated nature and some of the places where this can be done are covered in the pages to come. ..."
116.
"... one an hour away at Rzeszow in the south. Some have speculated2 that in 2012, as football fans travel back and fourth between the Ukraine and Poland, Roztocze will suddenly be discovered and catapulted into the top European destination list for tourists. At the moment it has a fairly ..."

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Chapter 9: The Regions
4.
"... The aim of this chapter is to provide an insight into each of the 16 counties that make up Poland. They are by no means comprehensive as each region could easily warrant a book in itself but are presented to help buyers identify the general area of the country that would be right for them. ..."
"...For clarity, all of Poland is expected to see rising real estate prices but the euro sign is used where these increases are expected to be exceptional. Readers should bear in mind that with any investment there is risk and nothing is ever guaranteed. If speculating, the assistance of an experienced consultancy company to ..."
"...Finally note that price data is displayed where available but reliable figures beyond the last two years do not really exist for reasons covered in Part Two: Why Poland. The average price of apartments and houses is included but as these can swing wildly depending on the size or standard of property on the market at any one point in time most Poles prefer the more stable price per square metre measure and so this is also stated. ..."
"...Dolnośląskie (pronounced Dol-nosh-slon-ski-a) is one of Poland’s economic success stories. Much can be attributed to the local government who took the initiative and made the area extremely business friendly. This was helped by a national government decision to locate three of the country's Special Economic Zones in the county. So popular have the reforms been that ..."
"...All in all this county is one of the most advanced and developed in Poland and there is altogether a more Western European attitude and approach to life. This is greatly helped by the ease of travel with direct trains to many international destinations and an airport with routes to and from Frankfurt Main, Munich, London, Copenhagen, Vienna and Berlin to name but a ..."
40.
"... and restaurants. The residents have become some of the richest inhabitants of Poland and property prices have risen at a dramatic rate. Wroclaw has its own international airport included in the schedules of many no frills airlines and lies just north of the A4 motorway. Jelenia Góra, a ..."
"...Wałbrzych also brings in large numbers of visitors because of its outstanding architecture (the city avoided any major damage during the Second World War) and its star attraction, the third largest castle in Poland. Wałbrzych is a Special Economic Zone and its potential has already been used by the likes of Toyota and Whirlpool. Other towns with zones are Kamienna Góra and Legnica, which attracted the Volkswagen group to set up a factory there. ..."
"...It is probably clear that such a well-developed county is not the best place to look for exceptional capital gain. However as Poland integrates further into Europe its proximity to the German border means that the wealth of those living there and interest from the easily accessible west will undoubtedly cause prices to rise further. For steady capital gain in return for lower risk this is a stable option. ..."
"...Kujawsko-Pomorskie (pronounced koo-yav-sko pom-or-ski-e) is one of contrasts. On the one hand it is home to the city of Toruń which has the largest medieval old town in Poland and on the other hand, less than 50 kilometres away is the industrial metropolis of Bydgoszcz. In the surrounding countryside visitors can find some of the most extensive forests in Poland (the largest of which covers over 790,000 hectares) but also come across huge factory complexes whose production lines ..."
"...two sides. Firstly there is plenty to see and do in the picture postcard towns and countryside either for those who love to visit various monuments and other historic buildings or for those who seek outdoor pursuits. But secondly it is an ideal base to see the north of Poland. Gdańsk and the coast are to the north, Poznań to the south-west and Warsaw to the south-east, all accessible by road and rail. ..."
"...a far more connected county than it is now with the planned A1 motorway from Gdańsk to Łódż cutting straight through it. It is very possible that south-eastern parts of the county may also fall within the Łódż commuting belt. Tourism is also expected to carry on rising as Poland in general is uncovered although this will undoubtedly be accelerated if Toruń wins its bid to be European city of culture in 2016. ..."
"...Outside of the main towns Łódzkie does little to attract tourists and although it has some large lakes and forested areas there are simply better and more spectacular places to be in Poland. The county’s official website makes a brave attempt to show the leisure traveller what is on offer but manages only a single page. ..."

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0.
"... but full details are contained within the relevant chapters of this book. The number of ways people choose to approach buying property in Poland varies almost as much as the number of property types there are to buy. At one extreme, but really only recommended for experienced investors, ..."

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"...Before beginning the search for a Polish property any buyer must first ensure they are allowed to purchase. Poland operates a strict permit system to regulate the amount of real estate that foreigners can buy, which not only helps to regulate price increases but ensures property values remain within the reach of the domestic market. ..."
"...If you are confident that you can get a permit and a check on the financial products available has given you a concrete budget on which to move forward it is then time to start considering what you want to buy. But Poland has its own real estate culture and this chapter will cover, among other things how best to make enquiries, how to spot time wasting vendors, how to deal successfully with estate agents, how viewings work and how best to make an offer. Specific details on visiting Poland and buying ..."
"...by Foreign Persons 1920 begins by saying, "Acquisition of immovable properties by a foreign person shall require a permit" and then goes on to list a number of exceptions. Perhaps the best summary is in the Polish Information and Foreign Investment Agencies book How to Do Business: Investors’ Guide Poland. Below are the key extracts: ..."
"...1) Farms and woodlands — Permission is required during the first 12 years from the date of Poland's accession to the EU. However, permission is not required if several conditions are fulfilled: if the person who wants to purchase the real estate is a leaseholder over a defined period (seven years for western regions of Poland and three years for the remainder) ... and if the leaseholder ..."
"...2) Second House — Permission is required during the first 5 years from the date of Poland's accession to the EU (however, permission is not required if a foreigner lives legally and continuously in Poland for four years or if he purchases a ‘second house’ in order to conduct business activities in tourism services). ..."
"...In summary if you are from the EU you do not need a permit unless you are buying farmland, forested land or a second property. For farmland or forested land you don't need a permit if you can prove long term ‘bonds with the Republic of Poland’. An example might be that you have been renting farmland and using it for agricultural purposes over the last few years. In other words you are an active person in Poland. You also do not need a permit for your second property as long as it will be used ..."
"...This all may sound very straightforward and it often is in certain cases but it may require a trip to Poland in order to secure documentation such as birth or death certificates or to find the records confirming citizenship of your ancestors. Bearing in mind the bureaucracy within the country and the way much of local government works (see later under During the Purchase) this can take much longer than ..."
"...A full and in-depth guide on how to set up a company in Poland is available in the free guide How to Do Business: Investors’ Guide Poland distributed free of charge by the Polish Information and Foreign Investment Agency. This hefty 150-page guide will take you through the process of the different company formations and explains in detail what real estate they are ..."
"...There have been many comments on the internet about cheap credit fuelling the housing market in Poland but there is little credible evidence to this for two reasons. Firstly Poles do not like borrowing money. The currency has been devalued many times in the past including once in the 1990s, well within living memory. Despite heavy advertising by banks, according to the University of Lodz, only ..."
"...value even Poles have found that they need to put down a deposit of between 20 and 40% in most cases. Your Loan to Value (LTV) percentage is strongly affected by whether or not you live or work in the country and if you have legal residency in either Poland or the European Union in general. In general if you work in Poland or live in Poland as your main residence, even if your income is from abroad, you can expect to secure a high LTV. If not expect to put down a minimum deposit of 20% on any ..."
"...where many companies provide no sales office and the construction site may be little more than a green field. From time to time the same does go for experienced buyers who know the area they are buying in and the general characteristics of Polish property (see Part One: About Poland). ..."
135.
"... For a first time buyer or someone who has not purchased or visited Poland viewing before buying (especially on the secondary market) is still the most recommended route and the best way to do this is to identify a list of properties, arrange the viewings and get on a plane. You can ..."
143.
"... be more than the mortgage." One further mistake made by the foreign buyer is showing outright vanity. Many still hold the view that Poland is a country of absolute poverty struggling to make its way and approach the purchase process with an incredible arrogance. Emails have been seen that ..."
"...Remember that the real estate market in Poland is a busy one and some agents struggle to keep up with the volume of telephone calls, let alone reply to emails in a foreign language. If you have made an enquiry by email and heard nothing for 48 hours follow it up by telephone. At the very least ..."
157.
"... window shopping. - Searching by Postcode - While in Britain and some other Western countries postcode is everything they are not seen the same way in Poland. A postcode can cover an entire town or a whole neighbourhood of a city. In looking for quality or desirability Poles get to ..."
"...Real Estate Portals — The word ‘portal’ is used widely in Poland, with a large number of agents believing that they are actually a real estate portal as well. ‘Portal Nieruchomości’ is the Polish for Real Estate or Property Portal but if you come across it on a website you may be looking at a genuine portal or simply an agent’s ..."
"...'Real' Estate Agents — These are easy and straightforward to spot. Every agent in Poland must be licensed so any website featuring a ‘license number’ is an agent. Be aware that no person or company in Poland is allowed to charge you a percentage commission of a real estate transaction unless they are a licensed agent. As such if you are offered a service ..."
"...In your initial enquiries with agents you may find details hard to extract. This is because in Poland the agent usually charges both the buyer and the seller a fee and they want to be sure you do not try to go direct to the vendor. With both parties paying between 2—3% there is certainly a large slice of money to be saved by tracking down the ..."
"...Although it has been said once before it is worth repeating. Poland is not always an easy country to buy in, especially if you are trailblazing off the beaten path, but if it was prices would already be even higher. Effort is required in return for exceptional capital gain or to secure the right home for yourself. ..."
"...The normal rules of politeness apply to viewings in Poland. Bear in mind that it is normal for the owner to be there and agents only hold keys in the minority of cases. Despite sometimes feeling that you are not understood avoid making negative comments as many people who claim not to speak English, actually do and do it ..."
"...Common sense prevails, you are still a guest in someone’s home, so ask before opening cupboards or closed doors. With apartments the owner will often want to show you the cellar storage cupboard and garaged parking space if there is one (see Part One: About Poland) and these are always worth seeing to compare with other properties. ..."
"...In Poland almost the complete opposite is true. The reason stems from the top of any chain where the buyer is probably moving into one of the 100,000 new properties being built in the country every year. As we will see later these are usually sold as shells (see Chapter 15). ..."

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"...charge accounts and title deeds this is very much a culture shock and there is a general feeling of being rushed. To be one step ahead it is useful to know who does what and how to make sure you have carried out all the necessary checks because in Poland this is very much left to the buyer. ..."
"...Unfortunately local government and bureaucracy go together all too often in Poland and when it comes to land and property local government has some wide ranging powers at its disposal including issuing building permits and change of use classifications for land or dividing areas into smaller plots. ..."
"...Bureaucracy is rife in Poland and needs to be understood if you are carrying out a real estate transaction that requires certain documents to be changed. Its effects can be felt in almost every part of life. VAT receipts can only be issued by the seller when he has full details of the buyer ..."
60.
"... Transfers - Most foreign buyers are not aware that there are a number of companies who offer ways to transfer money from their home country to a specified account in Poland. This can not only avoid bank charges but also make substantial savings on exchange rates. These companies work ..."

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Chapter 13: After the Purchase
6.
"... you are away. - Renovating and Furnishing Properties - The details of this are discussed in Chapter 15 and cover how to choose a company to do it and what is available in Poland in terms of choice of finishes and quality. - Renting Your Property - Although Poland is still very ..."
"...Although Poland is still very much an emerging market it is already clear that rental properties need to be aimed at specific groups or they might end up appealing to no one. If you have read Part Three: What and Where to Buy you will already have considered if you want ..."
18.
"... will be a major and obvious issue. This is in no way limited to Poland and such considerations are equally important in any country. The advantage of a Polish property is that the neighbours are often stable and know who you are and when you are around. As such in very rural areas it is ..."
"...for a small fee. They can usually be relied on to check the post for bills and, if you leave a float, pay any that are outstanding. If however, someone offers to do this for free insist on paying. This is not simply to be nice. Free offers in Poland are often followed up later by requests to “return the favour” and can make for awkward situations. ..."

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Chapter 14: Visiting Poland
"...is an Estate Agent? in Chapter 11 to understand the differences between the various service providers). If you are short on time these are recommended but if you would prefer to go it alone the following guidance will help and should be read in conjunction with Part One: About Poland so you know what to expect. ..."
"...Money and Banks — There is little need to exchange money in advance or bring travellers cheques on your trip as ATMs are widespread even in the smaller towns. You will get a better level of exchange however if you bring cash and exchange it in Poland at any ‘kantor’. Avoid money exchanges at hotels and banks as the rate is usually the worst available. ..."
"...Driving — If you decide to drive to Poland or rent a car on arrival remember to consider the state of the Polish network which can be of varying quality from modern motorways to rutted and potholed trunk roads. Leave plenty of time for your journey and expect to cover about 50 kilometres every hour off motorways and ..."
"...Hotels and Accommodation — Part Two: Why Poland covers in detail the desperate shortage of quality accommodation currently in the country so booking well ahead is always the best option. In outlying areas there may only be basic hotel accommodation or hostels, so when planning your trip decide if you want modern facilities and budget extra time ..."
"...A highly recommended read before your first trip to Poland is any In Your Pocket guide. There are a number available for various cities but all of them contain a Basics section with tips for your visit many of which may be specifically useful for your particular destination. You may also want to consider either the Rough Guide or ..."
36.
"... on the city, town or area you plan to visit. - Dates to Avoid - In Poland many bank holidays are treated seriously with shops closed and only skeleton services available. The most prominent are as follows: Good Friday and Easter Monday — Still very much treated as religious ..."

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Chapter 15: Buying Off-Plan
12.
"... it is difficult to do both. This does not mean that you will not make money when purchasing the former, it is hard not to do so in a country with the expected growth that Poland has, but your overall capital gain will be diminished in return for an easier life. Tell tale signs that you are ..."
"...Ways to reserve an off-plan unit in Poland vary wildly and much of what would set off alarm bells in other countries is widely accepted. Most notably it is possible to find reservations being taken on developments where the land has not yet been purchased, or planning permission has not been granted, or a construction company has ..."
"...Remember that arching over all of this you are dealing with builders in a country with one of the most acute housing shortages in Europe (see Part Two: Why Poland). Unless they are focusing on selling to foreign buyers they will not lose any sleep if you break the contract; there are plenty of other buyers out there. In a region with such strong capital growth there are downsides and this is one of them. ..."
95.
"... designed for modern living. Do not be tempted to accept any excuses such as, "That is the way they are in Poland". Polish new developments are generally delivered to an excellent standard and the domestic buyer will accept no errors, neither should you. If you are not used to buying ..."
98.
"... in the plaster and floor screeding. Modern windows in Poland can be opened two ways. Turn the handle 90 degrees and it will swing open like a door. Turn it 180 degrees and the top will swing open a few centimetres. Open all the windows this secondary way. If it is winter turn all the ..."
"...Abroad, Polish tradesmen enjoy an excellent reputation but they are motivated by high earnings to take back to Poland and buy land or property. The same motivation does not always apply domestically and while there are a large number of professional and high quality workers there are an equal number, if not more, who took up the trade yesterday. ..."
126.
"... On a final note should you choose to visit a property mid fit out be prepared for an apparent apathy to health and safety with circular saws ready to be trodden on, cutting equipment operated without eye or ear protection, and so on. In this regard Poland still has some way to go. - ..."
"...It doesn’t matter for what reason you are fitting out or furnishing your shell, materials and furniture to fit every budget are available in Poland from Italian lighting to Danish designer furniture to Smeg kitchen appliances. At the same time simplified options from the likes of Ikea exist in, or within easy reach of, almost all locations. ..."
"...What you fit will depend either on what you want if you plan to live in the property or on what type of tenants you wish to attract. Poland is similar to most other countries in this regard with Ikea being suitable for student and young professional lets while options from up market suppliers are better for corporate or short lets. ..."

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21.
"... will act for you under power of attorney (see Chapter 12). For the witnessing solicitor (called a notary in Poland) the fee is set in law and is based on the value of the property not including VAT. It is calculated as follows: 1,010 zloty + VAT (22%) for the first 60,000 zlotys of the ..."
"...As labour costs are lower in Poland so are the costs of certified translators. How many documents you need will generally be related to whether or not you are applying for a mortgage and whether or not you are ready to trust your solicitor’s verbal explanation or want to see the paperwork in English yourself. ..."
"...A real estate transaction in Poland can only legally be recognized by a court of law and entered into the land registry. On the secondary market this is a case of updating the current record to show you as the new owner, on the primary (new build) market this means creating a new entry in ..."
"...If you are going to rent your property to tenants then you are going to generate an income arising in Poland and be liable to income tax. You can offset costs such as interest payments on loans and any other expenses (agency and accountancy fees, furniture purchases, repairs, etc.) that are directly related to, or required to, generate the income. ..."
"...Note that if you live in a country with a double taxation treaty (such as the United Kingdom) you are not liable to pay personal income tax in Poland as long as you can prove that you paid tax on the income in your own country. Conversely, if you pay Polish tax on the income and move the remainder to the UK you can offset the Polish tax you have paid against the UK income tax you may ..."
80.
"... to do the same. If you doubt the complexity of the system the book How to Do Business: Investors’ Guide Poland is available free of charge from the Polish Information and Foreign Investment Agency and does a very good job of explaining tax liabilities in English. - Capital Gains Tax ..."
92.
"... you accordingly. Residents of the United Kingdom should also be aware that, should they bring capital gain back to Great Britain, they will be liable to pay tax in the UK. This is at the rate defined by HM Revenue and Customs but any tax paid in Poland can be deducted. ..."

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"...New House, Mature Garden…? — Many foreign buyers have questioned how a house built this year could have a 'mature garden'. It's like this — wealth in Poland is new but it has been growing rapidly for over 15 years. Many Poles buy land with planning permission to build even though they do not have the funds to construct the property. Then, over the years, they will gradually build a house as money allows. Normally, due to ..."

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