Warning to British people visiting Poland!!

yup... thatll be a first from lef

That's a really good point you made Amathyst, I agree :)




Not sure how to answer that one at the moment. It depends......yes, if they are buying many properties i.e. like buy to let here in the UK.

That has distorted the housing market and does to a degree account for some of the higher prices, especially at first time buyer range. This has had some effect with the first time buyers in the market. But, the percentages for Poland would be very different. It is minimal, a mere drop in the ocean. It really cannot be compared at this moment in time :(

But none the less it has made a difference, it would be interesting to see if Polish abroard are buying properties for buy to let, its a pension at the end of the day and who can blame them, they were forced to leave the comfort of their own homes / families in search of a better life...and when weighing up the prices of property in the UK, Poland is a much better option, a friend of mine and her b/f have just bought land, they have managed to save this amount of money in the UK in just 12 months.

The English have been doing this for years, my uncle worked out in the Middle East raking it in and paid his mortgage off in 3 years (many moons ago :) )

I can't quite agree on that. Poland has what 40 million people and how many are working abroad..........how many of those working abroad have bought one property in Poland, how many have bought more than one ?

I would suggest, figures are so low that they are meaningless in the way that they could influence the polish housing market at this time.

The UK housing market cannot be compared to a country such as Poland. This is why Foreign Investors are ploughing into the country, small and large. There are so many articles on how Poland is one of the fastest growing countries and that's where 'smart' investors should be investing. This is what will inflate house prices in the short to medium term. Not the Polish people investing in their own country.

I think you will also find Amathyst, that many English small time investors have all booked seats on Lot or wizzair airlines, over the last year or two :)

I'm not debating the ethics or morals about it all. I'm neutral on this :(

I dont know the figures, so I cant debate, I just feel for those who have stayed in Poland and are losing out because of it, the same as I feel for people who cant aford to get on the property ladder here in the UK...The gap in poverty in old age will be massive, those that have and those that dont....I know this has always been the case, but I cant help feeling it will be much worse in years to come.

I don't disagree Amathyst :)

Thing is Poland is a poor country. The UK is not.

Don't forget it was gripped in Communism for a long time so it's wealth did not grow and the Russians didn't do Poland any favours in the economic sense :(

It only recently joined the EU. It will be many, many decades for it to catch up with some of the other countries in the EU. We just cannot compare like for like. in this case. In my opinion. Others may view things differently. This is just my view :)

It's interesting to hear others views. :)


Gotta go for a bit. BBL :)

Having spoken to a number of Polish developers and consultants in the last few months ,they are all of the same opinion.The primary reason for the increases in the cost of flats is the spiralling cost of land and building materials.English and Irish investors have had little effect although this may start to change.the biggest investors are Polish Nationals who invest short term and then sell on prior to completion.this is why the largest Polish developer introduced a fee currently 4900zl to allow people to reassign.Mainstream English and Irish investors are not operating in Poland primarily because the majority of Polish developers will only offer stage payments and a previous lack of interest only mortgage products.I have been informed that the largest property club in the UK and Ireland Inside Track who account for 6% of all Uk sales of new build flats in the UK do not operate in Poland for this reason

this is more or less what i have heard. i am also being told that the shortage of workers is impacting on costs as some construction companies have decided it is a better option in the long run to bring in foreign builders - perhaps not so much that they will do the job to a better but because they will stay and do it from start to finish

we bought a plot of land about 20kms out of Wroclaw about 8 months ago, and are now looking to build on it, the other we looked at the land prices in the area and they have doubled. And yes, there is alot of Polish nationals buying up around us, i think i'm the token foreigner in our area.

A number of the larger developers are also starting to source workers from Belorus,Lithuania and the Ukraine for a lot less money.Curious to see if this has an impact in the longer term for polish building workers like it has in the uk.

trying to get a tradesman here in Wroclaw is quite difficult at the moment.

the large centrum handlowe development in wrzeszcz is bringing in workers from berlin

What is the situation like in Gdynia for finishing Bubbawoo i have a couple of investments there right next to the national park but completion is a while away

Would be quite interesting to have a look at this. Is there a source for this information ?
And is it Polish people who actually live and work on Poland that are buying ? Or are they (a) either working away or live and work in another country ?

Yes, obviously Poland has it's problems re labour, that's well been reported for some time and obviously land prices had to rise. Who are the developers actually building new properties for ?

And I wasn't just referring to new build. New build looked on it's own does not reflect the whole property market.

I'm fully conversant with new build and speculation as such. UK has been interesting to say the least !!

I find this subject fascinating :) Thanks for the insight Kneehawk & bubba.



Yes, I understand the Polish Government are authorising three month visas to workers from some other Eastern European Countries. Was in the press recently.

i know of quite a few that do !

And most of them started investing over 2 years ago .

kneehawk

i have had problems finding trades people but am hopefully about to start a relationship with a builder in wejherowo who seems to know his stuff and is reasonably priced. once i see the work he does i will feel more comfortable passing on contact details if you are interested

ive looked for an up-to-date source but have been unable to find one... most of it is anecdotal



despite what people will tell you there are relatively wealthy poles all over



see above



true... but it seems that most of the movement is in this area



<smile>

Ok, thanks :) I'll do some research on it.....

Yes. I'm sure. What percentage though <grin> It's Ok I'm going to google :)

Yes, Poland is going down a similar route to the UK, new build apartments at any price !!

Seen it all b4. I'm going to look for my older property. I have nothing against new build. :)

I would thanks bubbawoo

will do - let me know when you are in the tri city kneehawk... always good to meet a fellow sh*t-talker from somewhere near london... :)

ha ha

I can see English people started buying land in Poland and many think about buiding house or jus hiliday house. That is good. I have started to miss English language, perhaps in near future I'll be able to have a small chat in English. You know, just a small multinational community :)

Thats good though. :)

You are more than welcome to chat to us here darr most of us dont bite, well not that much any way :)

Lady in red, I disagree with you. It is not that bad. Perhaps you should see a bit more to have a wider look at everything. I can say, you have some things developes like your NHS system or social systems and unemployment rate is so mauch lower however we started to catch you up.

What we need is goverment change at the moment, that is my personal opinion.

I speak to a guy on skype and he was surprised that we have to wait so long in A&E to see a doctor, I also speak to a guy (he is what we call in England a Paramedic I cant remember the name in Poland) but your health service is probably the same as ours in terms of treatment and probably better in terms of people being seen faster...so you see Poland isnt as bad as people may think....

As for your government, maybe they should spend less money on hunting people from communist times and more on present times

You think someone buying a holiday home is going to help your English. Get a life.
Don't you think that if they live here they should be speaking Polish.
And if you are clever, you will be the one teaching it. That's how you make money.

thats not very nice Mr W, Im surprised...

With all respect, not everything is about money Wroclaw. By the way, I have enough money. :)
Partially you are right, however it should be the same in UK for Polish people. But as ou propably know some Poles do not speak English at all.

So, I believe both English and Polish should be more flexible wih langauges.

Not everything is perfect.

Looking back..... it is an abrupt post. I think I'll just shut up for a while.