Flat prices rise by 15 to 20 percent

According to analysts, annually flats in the biggest urban areas
will be rising by 15 to 20 percent per annum for a few years to
come. Flat prices in smaller towns will also grow. Since Poland
joined the EU flat prices have increased by several dozen per
cent. It is no surprise as Poland’s accession was expected to
bring prices to the same level as across the EU. The most attractive
to the investor seem the biggest cities.

According to analysts, annually flats in the biggest urban areas
will be rising by 15 to 20 percent per annum for a few years to
come. Flat prices in smaller towns will also grow. Since Poland
joined the EU flat prices have increased by several dozen per
cent. It is no surprise as Poland’s accession was expected to
bring prices to the same level as across the EU. The most attractive
to the investor seem the biggest cities.

On the day Poland accessed the EU all the restrictions concerning
property purchase by Eu citizens were abolished. Transition
periods apply only in two cases: purchase of forest and arable
land (12 years since accession), and purchase of second house
(5 years since accession). Purchase of the second house means a
purchase of a recreational property which will not be the place of
the foreigner’s abode.