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Deal Direct with Agents and Sellers on the Secondary Market
Thursday, 9th September 2010
Home > Polish Property and Real Estate Articles > Polish Property Offers High Investment Yields in 2010
Polish Property Offers High Investment Yields in 2010Article added on: 2010-04-20 |
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A recent MailOnline article has indicated that Poland is the latest favourite among British property investors. Amid ailing European markets, including Spain and France, Polish city Krakow seems to be going strong, attracting around 2,000 buyers from the UK, although it was not mentioned over what period of time this has happened. British investors Louise and Mike Reynolds were impressed with their investment in a one-bedroom apartment, bought for £58,000 in December 2007. Having been renovated and being close to the city centre, the fourth-floor apartment’s value is now £80,000. Having observed that the Polish economy is steadily growing, Ms Reynolds ascribed the success of the investment to the country’s conservative approach to lending. She said: “Steady access to credit rather than the easy-money culture of some countries has helped steady growth in the property market.” The rental demand in the country is also favourable, which provided Mr and Mrs Reynolds with steady rental yields of 6 per cent. In addition, the investment could be exempt from capital gains in Poland if the property is sold within five years. While Polish property prices were affected by the global economic crisis, the recession was not felt as keenly by this market as elsewhere in Europe, and stabilised in 2009. Andrew Balfour from PKG Real Estate in Krakow, said that the country remains an excellent investment opportunity for potential property owners. With the strong rental demand in the country, Mr Belfour noted that yields of around 5 per cent are often possible. Louise Reynolds believed that investors can expect even more, from 6 per cent on long-term lets to 10 per cent yields for holiday home owners. |
Published courtesy of Choices
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