Mamdom in the Press

Channel 4 - A Place in the Sun
Channel 4's (UK) programme A Place in the Sun featured Poland in April 2008 and included an interview with Tim Hill, Operations Director for Mamdom and author of the book Buying Property in Poland
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Poland, too, is proving increasingly popular with investors. Despite the perception that most of the country’s population is seeking work in Britain, there are plenty of countrymen back home keen to leave their crumbling communist-era blocks for something more sophisticated. Mamdom (www.mamdom.com), a leading Polish property portal – it means “my house”, since you ask – reports that the market is cooling in Cracow, a favourite with foreign buyers, but says prices in Warsaw, the capital, and cities such as Poznan and Lodz look set to continue growing.
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One reason why Polish property is a sound bet, according to the very useful Polish property website www.mamdom.com, is the GDP disparity relative to its wealthier neighbours. In next-door Germany, per capita income is five times higher - something that is bound to level now that Poland is part of the EU.
This, of course, makes Poland vulnerable to rampant property speculation, which is why foreign buyers are currently required to have permits, to limit the amount of property they can buy. These permits are being phased out between 2009 (for investment property) and 2016 (agricultural land). They take around two months to obtain (for further details see www.mamdom.com) but are usually granted so long as the investor can show that Poland will benefit (eg employment of local builders, renovation, tourist trade etc).
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In addition, cities such as Gdansk, Krakow and Lublin, with its impressive Jewish history, are now competing with more established European cities, proving that they too have all the necessary luxuries that one would expect from a weekend city break or investment. “Holiday homes are still in the minority but over the last year we have seen an increasing number of enquiries from people who are interested in moving to Poland permanently,” said Tim Hill, UK Operations Director of Mamdom.com, an online Polish property portal.
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Poland stole the limelight in 2006 with the fastest growing real estate prices in Europe, and nowhere rose faster than Kraków. But the latest figures show buyers should think carefully about where they invest. Tim Hill from the Anglo-Polish property portal Mamdom.com looks over the latest figures.
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Tim Hill, the Operations Director of Mamdom - relocation and property experts - is also optomistic for the future: 'The gold rush will last a long time. Several factors will cause this. First off Poland has a GNI per capita of $5,820 compared to $25,270 in Germany, which is far too large a gap for neighbouring countries ...
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An interview with Tim Hill, Operations Director of Mamdom, on his regular Polish real estate seminars in Warsaw.
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"It is now almost part of the Polish culture that young people will head abroad for three or four years to work," says Tim Hill, operations director of Mamdom, a leading Polish property sales portal. "Then they return and want to build their own houses." Given a choice, these properties tend to be in the suburbs, he adds. "Polish cities tend to be very high density, and are predominantly made up of apartment blocks. Poles who have worked abroad tend to want something more than an apartment, are either self-building properties or buying ready-designed homes from housing catalogues that are sold in newsagents."
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