Polish property increasing in popularity

Monday, October 03, 2011

Polish property increasing in popularity

Property in Poland is proving extremely popular with investors, as buyers seek to avoid those countries which have been affected by the eurozone debt crisis.

Reports from Rightmove and Moneycorp have revealed that enquiries for property in Poland have risen by 60% in August as many buyers turned away from more traditional markets such as Portugal.

Poland has been planning to adopt the Euro for several years, but in 2010 cooled its intentions to join the single currency, along with the Czech Republic, in response to Greece's growing deficit. As a result, the country's economy has fared far better than other European countries and risen 4.3 per cent from 2010 in the second quarter of 2011, keeping the country optimistic about its ability to meet the EU's deficit limit of 3% within the next year.

Other European countries which are not part of the Euro are also performing well. Turkey is experiencing positive economic growth and as a result Beylikduzu, a suburban are in Istanbul has been heralded as a great area for investment.

However, it is important to stress that investment across Europe is still strong with Spain and France in particular still experiencing high amounts of interest. August saw an overall rise in the purchase of property worldwide.

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A Place In The Sun