Innovative property investments
Poland Property Investment News
Huge growth in Poland
Property prices in the Polish capital, Krakow, are exhibiting massive growth, according to recent findings.
A report from the Royal Institute of Chartered Surveyors (RICS) found that house prices in Krakow increased by an average of 58 per cent in 2006, compared to the national average rise of 33 per cent.
Like many European economies, Poland is performing strongly, thanks to growing commercial investment from Western conglomerates and improved trade relations since its accession to the European Union.
Patrick Martin, director of Emerging Poland, commented on the attractions of Polish property:
"The market is very exciting," he said, "and there is still a lot of potential among Poland's smaller cities for prices to rise from a lower starting point compared with the more established markets such as Warsaw and Krakow."
Significant economic reforms are in place as Poland attempts to meet the criteria for entry into the eurozone and with infrastructure development on the horizon, as Poland joins with the Ukraine to prepare for hosting the Euro 2012 football championships, the country's economy is only likely to improve.
Mr Martin added: "I can't emphasise enough how exciting the market is at the moment and that now is most certainly the time to invest."
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