'Polish property investment outlook bright' Introducer Today
Thursday 3rd December 2009
As Poland gears up for the UEFA football championship in 2012, investors looking to build a balanced portfolio of property investment can capitalize on the growth of the country, said Property Venture.
“Polish GDP growth was in the global top two per cent in 2010, according to the central bank's Monetary Policy Council, compared with minus four per cent for the UK, Czech Republic, Spain and Germany” said Louise Reynolds, director, Property Venture, an overseas property agency.
Now Poland has inward investment that has helped drive these figures, with its road-building and railway and other infrastructure projects, co-funded by the European Union.
The housing market has seen double digit growth in past years and in excess of twenty five per cent in Warsaw and Krakow. Although these figures have slowed considerably, and in places stalled, future capital growth prospects are still impressive.
This fact, linked with a shortage of good housing stock and the fact more people are now able to afford to buy their own homes, has combined to push up Polish property prices. This is not likely to change in the short term and provides reassurance of a stable secondary market, providing exit strategies for investors, said Reynolds.
“So whilst we hear of the UK economy dipping early 2010 and possibly proving more resilient by the end of the New Year and the Dubai World shock news, it is easy to forget there are other countries, which have not actually gone into recession”, said Reynolds.
Posted December '09
Also quoted in 'Homes Overseas' & 'Smart New Homes'
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