Property in Poland

 

Property in Poland

Recent years have seen large increases in the value of property in Poland, and particular in the major cities such as Warsaw and Krakow were increases as high as 40-50% have been witnessed. Having established itself as an economically strong and politically independent market during the 1990’s, there is today an increasing level of demand for property in Poland, and at present this trend shows no tangible signs of slowing.

 

Key to this increase in investor confidence in Poland has been the stable political climate in the country since its move towards democracy in 1990’s. Poland’s accession to full membership of the European Union in 2004 only served to increase the political stability and economic performance of what was rapidly becoming one of Europe’s most progressive markets. At present, Poland’s GDP is in excessive of 7%, and in certain sectors progress has been slow, fresh injections of foreign direct investment is beginning to show tangible economic results.

 

In addition to the strong economic conditions for investment, other factors such as the relatively low price of property in Poland as well as the increased accessibility through the advent of cheap flights to the region has resulted in large increases in tourism revenues. In 2007, Poland received almost $6.4 billion in tourist related revenues, an increase of 8.6% since 2004.