Polish property market entices investors

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The stable state of Polish property market means that it is a now a safer bet for foreign investors.

Compared to other European countries, Poland has shown more resilience to the economic crisis that has plagued the rest of the continent.

In 2011, Poland was the country of choice for investors looking to buy commercial property, according to the latest research.

2011 also saw developers complete the construction of 740,000 m² of retail space, an increase of over 35% in a year-on-year comparison. A large number of shopping centres were also built in the country’s larger cities.

Research from global property agents, DTZ, found that 120,100 m² of office space was erected with further developments set to roll out over the next 12 months.

In 2013, developers are set to significantly increase the number of new builds they bring to the commercial property market.

With the current Eurozone debt crisis putting a number of investors on edge; many are now keen to snap up properties while prices for commercial and residential properties remain low.

Investing within Europe under the current climate could be considered risky. However, the study shows that Poland bucks this trend and offers property investors an ideal haven for their funds.

The research found that newly purchased commercial property was often purchased by investment funds and foreign investors. The total value of transactions made in the country came to a figure of €2.5 billion, up by 30% on 2010’s figures.

Transfer Money to Poland

If you are looking to make an investment in Poland, think carefully about how you will be transferring money to the country. Foreign currency exchange rates quoted by banks are not usually the best way to send money abroad.

Ensure you compare the market before you buy your overseas currency.

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