Property Search
Other Considerations
More properties for sale:
High standard modern building - Wroclaw - 2 roomsHigh standard modern building - Wroclaw - 3 bedrooms
Luxurious 1 bedroom apartment in rustic style Old Town
| |||||||
|
|||||||
Bargain Apartment prices in Katowice, Poland
We have just sourced one of the best value for money deals that has existed in all our years on the Polish property market. It is low risk, and offers predicted above average capital growth of between 30% to 40% annually, on a low capital entry.
Prices start at Euro 25,000 for a studio Apartment, Euro 35,000 for a 1-bedroom unit and Euro 60,000 for a 2-bedroom unit. These prices are inclusive of VAT and include balconies and parking spaces.
The investment is on a 10-90% basis, which means you deposit only 10% of the Apartment price now, and the remaining 90% is paid on completion, at the end of next year.
House prices are stalling and falling in the UK and the United States, the stock markets are in turmoil, so where is the smart money going. Many now favour the well-established markets in Eastern Europe, currently led by Poland, which is becoming an increasingly interesting country to maximize your property investment profits.
On the edge of Katowice in a quiet area, this existing new Apartment development, the refurbishment of an existing hotel is progressing. The construction is well advanced, and will provide on completion 146 no Apartments of a high standard. We have managed to secure the reservation of 10 Apartments units only of this Phase, for a limited period, which we are now selling on a first come first serve basis.
Everything is right about this development:
* Established local developer
* Low prices
* Favourable payment terms (10% down; 90% on completion Q IV 2008)
* Quality build
* Security of your investment (advanced construction)
* Good location, easy access into Katowice
* Good local market for rentals/resale
* EU funds (overseas companies increasing activity)
* Solid existing structure, high ceilings (to 2.90m)
* 80% mortgage available with local banks
Katowice is the latest city in Poland to receive favourable reviews in term of its value potential. It is now playing price catch up with its more heavily hyped counterparts. This development is extremely good value at Euro 840/m2, compared with Euro 2000/m2 in Warsaw, Krakow or Wroclaw.
The Apartments inside are finished to the developer shell standard, as is normal practice in Poland and will require fitting out with kitchens, bathrooms, doors, cupboards etc. We can arrange the fit out and finishing for a reasonable cost of Euro 275/m2 floor area. The developer completes all common areas and exteriors within the Apartment purchase price.
All necessary documents (i.e.: legal, mortgage application, translated developers Agreement, Power of Attorney) for the purchase of your Apartment can be completed and sent direct to your home.
|
|
|
|||
