While Germany is considered the most powerful economy in Europe, it seems that the European Commission is forecasting a higher amount of economic growth for Poland in 2012 – a rise of 2.5% compared with Germany’s 0.6%.
The news is positive for those considering an investment in Polish real estate, according to Savills Polish office who are predicting a growth in UK buyers especially in the major cities of Warsaw, Krakow, Lodz, Tri-City, Poznan and Wroclaw.
Property price appreciation remains strong in these cities, making them a proven and stable investment. There is also a strong local housing market, especially in Krakow, meaning that in the future, if you need to sell, there is an established exit plan.
Whilst Poland is in the EU, it has not yet adopted the euro, and so its financial position has remained strong. Currently it is possible to get around five Polish zloty to the pound, up by more than 25% on the preceding months, making Polish property essentially 25% cheaper.
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Overseas Property News from A Place in the Sun