Warsaw 2nd most popular EU city for property investment

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Warsaw is the second most popular European city for investors looking to buy properties in 2012.

According to the Real Estate Investor Intentions report by global property firm CBRE, London was the most popular city for foreign investors looking to snap up properties in Europe. The city took 37% of the vote.

The survey of 340 leading property investors found that 12% of them were looking investing in the Polish capital, making it the second most popular city in Europe for property purchases.

As Europe contends with a crippling debt crisis foreign investors remain cautious. Despite this, the Eurozone debt crisis has given investors a window of opportunity to snap up cheaper properties.

Poland has a lot to offer potential investors as Colin Waddell, Managing Director of CBRE for Poland commented. He suggested that the country has: “strong underlying fundamentals, able to weather global and European economic volatility.

“No. 2 score of the Polish capital, right after London and before Paris, Munich and Berlin, presents an optimistic outlook for developers and investors engaged in the Polish market, as well as those intending to make an entry,” he continued.

France recorded the lowest level of interest from property investors and Spain has also become less attractive for investors with interest dropping from 9% in 2011 to 3.5% this year.

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.

So if you are sending money to Poland – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

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Warsaw 2nd most popular EU city for property investment

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