Innovative property investments
Poland Property Investment News
"Sustained growth" in Warsaw
Property in the Polish capital Warsaw is well worth a look for British investors, according to industry commentators.
Simon Tweddle, chief analyst of Property Secrets, says that the burgeoning Polish market is likely to experience between ten and 20 per cent growth over the next five to ten years.
Mr Tweddle said that though property prices have doubled since Poland's accession to the EU in 2004, housing in the capital was still a lucrative prospect.
"Although property in Warsaw is less affordable today than it was a year ago, I believe the fundamentals of the market are still strong and we will see long term sustained growth.
"The economy is still performing well and unemployment is falling. Mortgages have become slightly more expensive recently, but rates are still low and not high enough to put any serious brakes on the housing boom."
Property prices are also likely to be boosted by development programmes for Poland's hosting of the Euro 2012 football championships and continued commercial investment in the capital.
Mr Tweddle added: "The supply and demand dynamics of the market are out of balance (in our favour) and I believe we will continue to see good (approx 15 per cent per annum on average) long term growth in the maturing Warsaw property market."
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