"We think Bulgaria and Poland offer the best prospects for property growth, but it won't be a smooth ride." - James Hughes of City Trading Post. Saturday May 1, 2004 The Guardian

Investors made rich from buy-to-let schemes in Britain are now heading to eastern Europe in the hope that the accession into the EU of countries such as Hungary, Poland, Slovakia and Slovenia will spark rapid property price rises. 5.5 billions zl will be invested and 26.000 jobs will be created in Wroclaw area up to 2008. Polish Daily (Dziennik Polski)

Much of the construction cost will be funded by the EU – from 2006 Poland receives around $13.5 billion to spend on infrastructure and as development and agricultural subsidy – but private investors, including foreigners are being financially encouraged to assist in bringing Poland up to speed with the rest of the EU member states.
“Foreign investor incentives include no local Capital Gains Tax payable if a property is held for five years or more,” says Dare. “And the announcement that VAT on property is expected to increase from its current 7% to 22% in January 2008 will in all likelihood cause a rush of completions prior to this date, thus boosting the economy in the short-term to the benefit of early investors.”
Country Guides - Poland from Channel4.com/4Homes

Poland - Wroclaw 3 bedroom house in the suburb of Wrocław; 250m; ground: 1000m; fire place and central heating; 25 min from the centre of the town; this one needs decoration and little bit more, especially - garden work, price at this stage: ~ £ 50000, upon completion: ~£ 75 - 80000 and you won’t spend £ 10000 to finish it up to decent standard including driveway and fencing; you can build with us and save about 25% of the market value, or you can buy at different stage of completion; various types and locations.

Where can you invest in property with high rental yield *and* huge potential capital growth? …and be a part of the biggest property boom in Europe?

Let me put it another way - buying in Eastern Europe today is the equivalent of Bill Gates offering you a share in Microsoft if only you would buy a new computer for his new garage software business. Joining the EU is just part of it. As happened to UK, Spain and Ireland, when they joined the EU, these countries received huge amounts of Foreign Direct Investment (FDI) for over eight years AFTER they had become EU members.

Foreign and EU money is already pouring into Eastern Europe to stimulate economic growth, competitiveness and new jobs, and is set to increase " Massively". As an example, Poland, the largest of the eight countries, will receive an estimated 11.4 billion Euros in the first two years after joining the EU.

And that’s not all… in fact, for the next four years, every year, it is expected that FDI will total around $18.9 billion!

And, acceptance as EU members means that no longer do these countries quite literally operate laws unto themselves – they are bound by common rules – meaning less risk for your investment.

Well, in the next 20 years we reckon some 24,116,000 people will be looking for somewhere new to rent or buy…Yes, really!

It is estimated that around a staggering third of the total population of the Eastern Eight will need to be re-housed in the next 20 years – let me say it again……that’s some…..

24,116,000 people looking for somewhere new to rent or buy.

" Now" is the best time to invest in a property - over 90% of the East Europe population live in rented homes and there are still a number of older sturdy pre-war properties up for grabs as an investment! … and now, investors are being offered the opportunity of attractive modern designed apartments in old historic centres.

By getting in at the basement level before the big "boom", you will have the potential to maximise your investment by offering properties to the burgeoning middle classes.

US magazine Global Quarterly says:
Europe, which is seeing economic integration under the Eurozone and continued expansion with the admission of former Eastern Bloc countries in the European Community, appears to be capturing more than half the US capital chasing offshore real estate.

 
That’s average, but my clients and I myself, have seen our property doubled sometimes in half a year.

Some more good info:

• GDP Real growth rate: 1.6% (est. 2009)
• GDP Per capita: £ 17300 (est.2008)
• Inflation rate: 4.3%
• Investment (gross fixed): 22.7%
• Industrial production growth : 6%
• Unemployment rate: 9.7%, similar to UK

See more:
http://www.cia.gov/cia/publications/factbook/geos/pl.html

Additional links about Poland in English:

• Guided Tours to Lower Silesia and the Sudety Mountains - Poland
• http://www.wroclaw.pl/
• http://www.pl-info.net/poland/voivodships/dolnoslaskie.html
• http://www.poland.gov.pl/
• http://www.kamienna-gora.pl/
• ŚNIEŻKA Mountain and KARPACZ - Karpacz invites you for ski adventure!

Learn Polish, buy Polish translator: http://lingua.pl-info.net/poland/index.html


Hotels in Poland: http://www.polhotels.com

Flights to Wroclaw:

• Preferred by us and our clients with prices as low as 88 GBP for returned trip on some dates - LOT
• The best line but expensive - Lufthansa
• Cheap with "cheap" customer care - RyanAir