|
Nov 14, 07, 19:27 #2
You do not state whether you want to buy for investment or to live .Big difference! I believe you want to buy to live so this is what i suggest.Even though you want to live do not go for a 60,s 70,s 80,s 90,s flat since in the medium term your capital appreciation will be insignificant compared to a new build even though it will be cheaper.Type into Polish google Lodz nieruchomosci and look for the new builds that are being flipped in your chosen area.I have seen Schleibera flats being flipped at 7200 zloty m2 in the last 2 weeks ok,only one.At a lower price point in the same area i have seen 3 jw construction units in Tymienieckiego being flipped at just under 6000m2.This development will complete in Feb and May dependant on blocks.The seller will have bought at around 4000m2 so they may agree a price of about 5400m2 because they want to flip before completion .Even with this price they still make a nice short term return on their investment especially if they had an 20/80 deal.Dont forget many Polish people also like an element of the deal ,under the table ie cash ,so this will help limit the potential effect of cgt This may also strengthen your bargaining hand.Dont forget that you still have to finish the property so budget accordingly.If your girlfriend has family or contacts that can sort the finishing at a good price,sorted,if not give me a shout ,i can get the finishing arranged at a damn good price for you with a profit for me.Of course get a quote from the non Polish speaking pricks who will charge you the earth ,and then decide what to do
ps mamdom have a deal in the Lodz suberbs(cannot spell this word) more like the sticks ,**** deal
| Reply
|
Member Posts: 50
Joined: May 17, 07
|