Poland Investment: Economy
Poland property and land investment is directly affected by the Polish economy and it is worth looking at Poland’s economic performance before investing in Polish property. The economy is currently performing well and has shown notable results since Poland’s entry into the EU in 2004. Not only does Poland boast a healthy economy, but its tourist industry is fast-growing and Poland property prices have seen massive gains, meaning Poland property investment is one of Europe’s top options.
Any investor considering Poland properties for investment will look at Poland’s economy, which offers impressive reading; estimated GDP growth of 5.4% for 2008, a dramatic reduction in unemployment from 12.8% to 8% and an improving trade balance. This, together with the fact that the Federation of European Employees ranks Poland as the top investment location in Europe, are additional factors in the potential for property investment in Poland.
Poland Investment: Tourist Industry
Together with its thriving economy, Poland also boasts a growing tourist industry. According to the World Travel and Tourism Council, Poland ranks 26th out of 176 countries in terms of forecasted growth in tourism. Poland, together with Ukraine, hosts the 2012 European Football Championships, an event that is expected to give a huge boost to Poland’s tourist industry and by extension, to the attractiveness of Poland land and property investment.
Poland Investment: Property Potential
If you plan to buy, Poland property and land are worth consideration. In 2007, Poland properties saw spectacular increases. Prices rose by 45% in Krakow and by 33% in Warsaw. New property hotspots appearing on the Poland real estate investment portfolio include the cities of Lodz and Poznan. There is currently a huge shortage of Polish property, which is pushing property prices even higher. Demand from Poles and tourists means that there is a strong market for second Poland homes and buy-to-let Polish property. For more information, download the Poland Land and Property Investment Guide.
