Innovative property investments
Poland Property Investment News
Lodz the next hotspot
Brits looking for investment property in Poland should consider the second tier city of Lodz, according to market experts.
Having been designated a 'special economic zone', Lodz is expected to emerge as a lucrative property market, with capital growth of up to 40 per cent predicted over the next year.
Though a relatively unknown city, property consultants expected housing in Lodz to boom as foreign investment, both commercial and residential, increases.
Stephen Barnes, Founder of Bardel Poland, told The Move Channel: "Poland is a large country and should not be looked upon as one market, as the diverse Polish cities perform very differently.
"However, although investors should make sure they research thoroughly before purchasing, the markets offer the components for a lucrative and balanced property portfolio."
He added: "My advice to investors would be to rely mainly on the local population as tourism is likely to be finite and to avoid areas already being mass marketed as you will have missed the boat."
The Polish economy is to receive further bolstering thanks to a €19 billion government investment program, designed to improve the nation's infrastructure before the 2012 European Football Championships.
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