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Apartment purchase in Poland


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posts: 253
Casper [Guest]
  Jan 3, 07, 14:28  #151

Well the only chinese restuarant of any note is called the Moon resaurant enroute to Gydnia, thats owned by the mob, so wouldn't bother. Shpinx has the whole mexican egyptian kebab thing going on. Personally a "modern european cuisine" would work, infact anything that isn't kebabs, pizza or chinese. I'd avoid Indian as that would just get burnt down. Seriously though "modern european".

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ola123 [Guest]
  Jan 3, 07, 16:08  #152

Quoting: BubbaWoo, Post #138
would like to say sorry... but i would be totally lying...



I cant say that Im sorry too that my compatriots "sack" your compatriots in your own country. The final result will be all Poland in UK. And dont tell me I didnt warn you.

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lef
  Jan 3, 07, 16:43  #153

Quoting: Casper, Post #152
security problems with the local idiots

Quoting: Casper, Post #154
Moon resaurant enroute to Gydnia, thats owned by the mob,

Quoting: Casper, Post #154
'd avoid Indian as that would just get burnt down.


thanks for the warning, it seems the mob has moved into tri city

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lef
  Jan 3, 07, 16:55  #154

Quoting: casper, Post #135
Our original flat we paid 167,000 zl and probably put another 55,000 zl into it, floors, kitchens bathrooms etc. But now our 87 sqm duplex is valued at approximately 380,000 zl.


valued by who? what about capital gains tax etc.. have to find a sucker first oops sorry buyer first.

I watched the polish news on tv the other day, with reports of increases to petrol, gas,water and elecricity (some 7%) there was a couple who who stated they couldn't afford that type of increase as it would cost them 150zl more a year.. how sad.

I suppose as the saying goes, you have to speculate to accumulate, you have to masturbate to ejeculate. Casper get your hand off it

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BubbaWoo
  Jan 3, 07, 17:57  #155

Quoting: ola123, Post #155
I cant say that Im sorry too that my compatriots "sack" your compatriots in your own country


what are you talking about...?

Quoting: lef, Post #157
valued by who? what about capital gains tax etc.. have to find a sucker first oops sorry buyer first.


lef mate... you normally know what youre talking about... not in this instance...

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BubbaWoo
  Jan 3, 07, 18:06  #156

Quoting: ola123, Post #155
The final result will be all Poland in UK. And dont tell me I didnt warn you.


ola... i really dont care if the whole of poland is in the uk... your *compatriots* do a better job for less money than my *compatriots*... its not a problem for me...

and the british are going to continue to buy property in poland... and its going to increase greatly... poland is going to relax the laws about what we can buy without a permit and the more poles that come to britian the more british people are going to go and have a look at poland... and realise its actually a pretty nice country... with loads of cheap property...

...and dont tell me i didnt warn you

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Frank
  Jan 3, 07, 18:11  #157

Quoting: BubbaWoo, Post #159
...and dont tell me i didnt warn you



I think Bubbawoo...that was a "smell the coffee" moment on this thread.......!!...

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BubbaWoo
Edited by: BubbaWoo  Jan 3, 07, 18:19  #158

i keep telling my polish friends to buy property... what ever they can afford... get on the ladder NOW...

... some of them listen... some of them look at me like i am trying to rip them off...

i talk to my polish partner about buying places now to resell in 25 yrs... pension... totally unthought of idea for him but it got him thinking... thankfully...

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Frank
  Jan 3, 07, 18:25  #159

Yup, been there dun that!......but its a new concept for them...but they need to take advice...learn from an old hand!

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lef
  Jan 3, 07, 18:32  #160

I may be wrong, time will tell, I just believe that property market will not keep on going up and up in poland. I would agree that in sort after locations and here I mean location, location, location it will always do well.
And who will buy all these properties at 400000/600000 zl a pop, not the average pole, the local pole is smart enough to buy something cheap and do it up himself.
On the same point, if you had to rent out the property, how much could you charge? keeping in mind the average wage in poland is 2500zl a month.
Like everywhere else some properties sell, some don't. The thing going for poland at the moment is that a person wanting to settle in poland from overseas, can still get a good house at a quarter of the price from where they came from.

If I was buying a house in poland, I would buy a period style house and do it up to live.

Just something to think about, I believe the biggest wild card in poland today is the stock exchange, poland has a growing ecomomy and you could probally pick up good shares at basement prices. remember the investment cycle moves from real estate to shares, then shares to real estate. (think about it)

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Frank
  Jan 3, 07, 18:40  #161

Hhhhhmmmmmmmmmmmmm...interesting point...it will take quite a time for the housing/apartment stock to actually get going, long term option?

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lef
  Jan 3, 07, 18:44  #162

Quoting: BubbaWoo, Post #159
poland is going to relax the laws about what we can buy without a permit and the more poles that come to britian the more british people are going to go and have a look at poland... and realise its actually a pretty nice country... with loads of cheap property...


If poland was to relax its laws, you will probally find a lot of Germans buying up big in the tri city (may not be good for the local pole)
I don't think every man and his dog in england will pack his bags and move to poland because of cheap homes..sorry

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BubbaWoo
  Jan 3, 07, 19:00  #163

not sure i can agree with you on this lef... for sure at some point the property market in poland will flatten out but i dont think this is going to happen for a while... i also think that different locations and markets will rise as others quieten down...

i also believe that tourism in poland - from a british perspective - is hugely underdeveloped... at present, just people dont think of poland as a tourist destination but this will change... and probably change quickly... as more and more poles come to the uk and awareness is raised...

accessibility to poland is tremendous... its probably the best served european country as far as budget airlines go... cheap... really cheap... and quick to get to... you can fly in a couple of hours... which makes it possible for a weekend... and you can buy affordable property that the locals dont want to byuy within an hours drive from major airports... so far this is almost a totally untapped market...

prices are rising very quickly in sought after locations... one of the reasons for this is that properties are valued by what the owner thinks he can get for it... so he sees that a property is selling for X zl down the road and he sticks his property on for the same price... so the smart pole who thinks he can pick something up cheaply and do it up himself has to contend with the smart pole who thinks he can get more for his property than perhaps its worth...

you are right... like everywhere else some properties sell, some dont... but its not people who are coming to settle who are buying... its developers making money and in a couple of years time it will be the holiday homers with money to buy a nice place in the mountains or the lakes...

stock exchange is not a game i play... not interested in bits and paper although there is probably money to be made... give me bricks and mortar any day of the week... investment cycle moving from real estate to shares... hmmm.. maybe... but property is the safer bet...

... got an australian friend who goes on about buying shares... said his dad has been doing it for years and knows what he is doing... not that hes made any money... lives in adeliade... should have stuck his money in property... oh well...

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BubbaWoo
  Jan 3, 07, 19:03  #164

Quoting: lef, Post #165
If poland was to relax its laws, you will probally find a lot of Germans buying up big in the tri city (may not be good for the local pole)
I don't think every man and his dog in england will pack his bags and move to poland because of cheap homes..sorry


the laws getting relaxed concern buying land... and the houses sitting on land... germans have been buying up apartments in the tri city for ten years... and no... not every man and his dog will be packing up and moving to poland... that would be silly... but once its easy to buy a nice piece of land with a nice house on it by the lake and hour from the airport just 2 hours from london... see what im saying...

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ola123 [Guest]
  Jan 3, 07, 19:24  #165

Quoting: BubbaWoo, Post #159
and the british are going to continue to buy property in poland... and its going to increase greatly... poland is going to relax the laws about what we can buy without a permit and the more poles that come to britian the more british people are going to go and have a look at poland... and realise its actually a pretty nice country... with loads of cheap property...



It will cause hostility in Poland against you, just like there is hostility against Poles in Britain. So beware and dont tell me I didnt warn you.

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Casper [Guest]
  Jan 3, 07, 19:25  #166

Er... I've realised I have made a huge mistake, my wife has been leading me on. The Polish property markt is completely rubbish and some one has been spiking me with magic mushrooms. I promptly intend to cash in all my investments and return to buy a bedsit in Milton Keynes.

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lef
  Jan 3, 07, 19:39  #167

Quoting: Casper, Post #169
Er... I've realised I have made a huge mistake, my wife has been leading me on. The Polish property markt is completely rubbish and some one has been spiking me with magic mushrooms. I promptly intend to cash in all my investments and return to buy a bedsit in Milton Keynes.


lol....only having a discussion. sure it wasn't the vodka.

Quoting: ola123, Post #168
It will cause hostility in Poland against you, just like there is hostility against Poles in Britain. So beware and dont tell me I didnt warn you.


I don't know how serious ola123 is, but you have to consider that statement, I could be wrong here, but I don't think poles would not take too kind seeing people from england cashing in at there expense. I think poles prefer doing business with there own kind and not with opportunist from wealthier countries

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hello GOLD MEMBER
  Jan 3, 07, 19:45  #168

Quoting: Casper, Post #169
he Polish property markt is completely rubbish and some one has been spiking me with magic mushrooms.

Hmm - could you elaborate more on that? I know most Poles tend to think (or hope) Poland has already reached the status of a wealthy and powerful country without any reasonable fundations or even hard work -- is that what you mean?

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hello GOLD MEMBER
Edited by: Admin  Jan 3, 07, 21:53  #169

Also, if I may ask - did you have a Polish real estate agent to help you buy a property?

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lef
  Jan 4, 07, 02:24  #170

Quoting: BubbaWoo, Post #167
the laws getting relaxed concern buying land... and the houses sitting on land... germans have been buying up apartments in the tri city for ten years... and no... not every man and his dog will be packing up and moving to poland... that would be silly... but once its easy to buy a nice piece of land with a nice house on it by the lake and hour from the airport just 2 hours from london... see what im saying...


Look what you say sounds tempting, from experience only things may have changed but polish people are no fools when it comes to wheeling and dealing and there is a bit of a close shop mentalilty when it comes to foreigners. like our friend Caster correctly pointed out, if your doing a business transaction and don't speak fluent polish, just keep quiet and let somebody local act on your behalf, just pretent your a friendly ghost and disappear, otherwise you will be taken to the cleaners.
The reaction of poles to german people buying up in tri city is a bit of a worry.
If tourism booms it won't benefit the local battler as the cost of living goes up.
To be frank poland is a good place to visit because it is more cheaper than most other european countries, when prices go up people will go elsewhere, some people are saying parts of the soviet union will be the place to go.
The beach areas of poland are nice but there plain compared to beaches in other parts of the world.
I know a man is not a camel, but you don't have to travel to poland to get a cheap beer.

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iwona
  Jan 4, 07, 02:39  #171

Also, if I may ask - did you have a Polish real estate agent to help you buy a property?
We have. Lots of them speak English so no problem.

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iwona
  Jan 4, 07, 02:50  #172

If poland was to relax its laws, you will probally find a lot of Germans buying up big in the tri city (may not be good for the local pole)

Some German do but economy is much better in UK so people have more spare money to invest.


I don't think every man and his dog in england will pack his bags and move to poland because of cheap homes..sorry

Of course not because of ....climate, language barrier, culture barrier,problems with work....( not enough English pubs and fish&chips shops )

But there will be always people like Casper, Bubbawoo who will invest for properties in good location then sell them and make money.

it is just open market for everyone.

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BubbaWoo
  Jan 4, 07, 05:06  #173

Quoting: ola123, Post #168
It will cause hostility in Poland against you, just like there is hostility against Poles in Britain


becoming a member of the eu gives different opportunities to different nations... with these opportunities may come fortune... or hostility... its just one of these things... its got to work both ways... cake... eat it too... spring to mind...

Quoting: lef, Post #170
I don't think poles would not take too kind seeing people from england cashing in at there expense. I think poles prefer doing business with there own kind and not with opportunist from wealthier countries


do you really think poles are in the position to comment on opportunists going to other countries to better their lives... if so... thats a little bit rich... no...?

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Frank
  Jan 4, 07, 07:17  #174

This is pure speculation........so its ok for 1 million Polish people going to work and make their fortunes in the EU but not for other EU members be allowed to buy and improve property in Poland...utter hypocrisy.....and unsustainable!!

I'd much prefer this thread to stay on song...ie purely about buying/selling, details/experiences etc........!!

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iwona
  Jan 4, 07, 08:10  #175

I don't think poles would not take too kind seeing people from england cashing in at there expense. I think poles prefer doing business with there own kind and not with opportunist from wealthier countries

I don't agree with this statement . We are in EU and we have open market.
Frank is right, is it ok for Polish to work and buy properties in UK but not for English to do it in Poland????????

We were before for so long "closed country" that some English living in Poland will bring only benefits.

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Casper [Guest]
  Jan 4, 07, 10:20  #176

What about those English (/French) like me who have Polish spouses and are going to go and actually live in Poland?
The whole damn point of the EU is free movement of labour and money.

"It will cause hostility in Poland against you, just like there is hostility against Poles in Britain. So beware and dont tell me I didnt warn you. " Ola

Absolute bullsh@t. I've been backwards and forwards to Poland many, many times over the last 5/6 years and have never encountered anything such as you mention.

Jesus, I go, when I'm there to watch Arka Gydnia with my brother in law and we are always let in FREE and then I'm always taken into the "hools" section where they ply me with beer and vodka and shout "CHELSEA" at me.
The Poles are always friendly mabye being surrounded by a phalanx of skinheads encourages this behaviour, but I think it is just genuining friendliness.

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Casper [Guest]
  Jan 4, 07, 10:32  #177

Right back onto the subject of property. With reference to my Poliski buddies in UK all of them are saving up to buy properties in Poland. I know several that have taken loans in the UK brought their flats back home and are continuing to work in the UK to pay of said loans. Pretty smart thinking given the rate Polish property is going up. I also know of many Polish students who are taking a year off to come to the UK to earn cash to finance their MA's or MBA's. Again smart thinking.

People seem to only mention the Polish/English/Irish experience. What about those Poles in Scandanavia and France and Germany? They are there and getting on with it.

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Casper [Guest]
  Jan 4, 07, 10:47  #178

I think for foreigners the biggest sticking point is land. Firstly buying property is not too much of a problem for non-poles. But buying land you can definately get stiched up, especially regarding building permission. I've witnessed a distressed German actually dismantling his wooden holiday hut near Dembki, whilst this Polish wide-boy tried to convince us to buy a plot of land right next to it. Needless to say we didn't go for it.
There's an immediate give away if the seller is young, driving an older BMW wearing a leather jacket and tracksuit bottoms...(no stereotype honest). There are conmen out there but hey at least its not Russia.
Finally if you are ripped off and turned over in Poland there are people who can recover these debts. Its difficult to argue with a Glock

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BubbaWoo
  Jan 4, 07, 11:59  #179

Quoting: Casper, Post #181
There's an immediate give away if the seller is young, driving an older BMW wearing a leather jacket and tracksuit bottoms...(no stereotype honest).


yeah... ive met a few of these types...

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lef
  Jan 4, 07, 23:30  #180

Quoting: Frank, Post #177
This is pure speculation........so its ok for 1 million Polish people going to work and make their fortunes in the EU but not for other EU members be allowed to buy and improve property in Poland...utter hypocrisy.....and
unsustainable!!



lol...the poles have been getting the crumbs from the floor, the foreign nations just rake up the dollars.
The poles have made limited amount of money working in UK/USA, but they have always been exploited, most have done jobs that nobody else wants to do, and paid less.

I'm not having a go at poles returning to poland with non polish partners. Just the multi nationals and foreign speculators

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