Land Prices in Poland

[ejmarkow]

Informative article regarding booming agricultural land prices in Poland. It
mentions the highest land prices in Wielkopolska at about zl. 10,000 per
hectare, the lowest to be found in Swietokrzyskie, Lubuskie and Podkarpackie
at about zl. 4,000 per hectare. I would like to add that in Malopolskie in my
area, the going rate ranges from zl. 6,000 - 10,000 per hectare. Near
Zakopane and Kraków are the most expensive plots.

gospodarka.gazeta.pl/gospodarka/1,54642,3474305.html
So, as expected, subsequent to entry in the EU, apartment (flat) prices and
land prices have gone up quite a bit. The shortage in new flat construction
in Warszawa only adds fuel to the fire, as demand exceeds supply. I heard
that active buying of flats in Warszawa by Irish and English investors is
also adding to the price fluctuation.

Property Prices in Poland

[ianek70]

ejmarkow napisał:

> So, as expected, subsequent to entry in the EU, apartment (flat) prices and
> land prices have gone up quite a bit.

Not everywhere, though, and not always as dramatically as folk expected.
I paid 93,000 zł for my flat in 2002 (south-side Katowice), and out of interest
I kept an eye on the asking prices for flats of the same size in the same area.
For 3 years there was no change at all, and even now the prices quoted in
adverts are fairly similar, but 6 months ago my neighbours apparently sold
theirs for 120 grand. This may just be gossip, though, as I heard it from a
woman in a shop.
I know K-ce isn't nearly as expensive as W-wa, Gdańsk or Kraków, and not too
attractive for foreign investors, so what's the situation in other cities?

[kylie1]

ianek, how many square feet is your apt?

[ianek70]

kylie1 napisała:

> ianek, how many square feet is your apt?

It's 65 square metres, you'd have to ask a rocket scientist or similar boffin
how many sq feet that is, but it's big enough that I can never find any socks.

[kylie1]

that's almost 700sq.ft which is a great deal for that price! Perfect for a
single guy or a couple with no kids! It's bigger than a bachelor pad or a
studio. Still, it's a heck of a bargain, ianek! I guess 64000zl wouldn't buy
you a wooden shack in Scotland ...? You just wait and you will get your money
back PLUS. Good investment!

[gfunkallstars]

Warsaw prices are getting crazy. Our apartment cost 2500 per m2 in 1998 and has
been valued at 8000 per m2 now. I think that is a realistic price as our
neighbour sold his apartment (in 3 days) at just above that. We are looking for
a bigger place and can't find anything central or in a good area at less than
7500 per m2 without some kind of problem (dodgy ownership, windows 2 metres away
from a bridge.....).

Small flats sell really quickly. A colleague bought a 55m flat last week and
when asked what he liked about the flat he said he was the first one to see it
so could buy it.

I am talking about the secondary market - on the new-build market things seem
even more crazy. I know people who are 5th or 6th on the list for a flat.
This is before the developer has even laid the foundations.

Crazy!

[ejmarkow]

Ianek,

At zl. 1,430 per square meter, you landed a solid deal for such a large city as
Katowice. You couldn't possibly ask for more. The price you paid was indeed a
bargain. And the space, wow...freedom galore. Excellent! And the situation in
Sląsk is picking up rapidly. It's in the making of a second 'Manchester'. Good
signs ahead in Katowice: Overcrowded aiport, non-stop traffic, improved
infrastructure, and numerous foreign investors.

[ejmarkow]

I would like to mention, one of the primary reasons for the still low land
prices in Poland is due to Polish law itself. When Poland joined the EU, the
government bargained very hard for the following law and made it one of the
many conditions for joining the EU:

"If you are not a Polish citizen, you need a permit from the Ministry of
Internal Affairs and Administration before you can buy farm land. Before Poland
entered the European Union, it negotiated a couple of restrictions on the
purchase of land in Poland. For agricultural and forest land, citizens of other
EU member states will need to obtain permits for 12 years after Poland's
accession to the EU (until May 1, 2016). However, if you just want a vacation
home in the countryside, EU citizens only need to wait five years past Poland's
accession (until May 1, 2009) before you can buy without first obtaining a
permit." (Source: Warsaw Business Journal)

In turn, several countries such as Germany, France, and Italy restricted Poles
from working legally as well. So, many countries restricted the inflow of
labor, and the purchase of inexpensive real estate as well. In a few years
time, equlibrium within the markets and the EU should be reached, both in the
scope of human and real assets.

Katowice

[ianek70]

ejmarkow napisał:


> At zl. 1,430 per square meter, you landed a solid deal for such a large city
as
>
> Katowice. You couldn't possibly ask for more. The price you paid was indeed a
> bargain.

But that was the market rate, so technically it wasn't a bargain, although it's
a nice newish flat (built 1994) in an excellent location.
Katowice is the dearest place in the Upper Silesia Agglomeration (GOP) - a half-
hour away by tram/bus/car you can find a flat for roughly 60-70% of the price.
Maybe slightly more in relatively civilised and funky places like Gliwice or
the bit of Zabrze that doesn't smell funny, less in utter shiteholes like
Sosnowiec or Świętochłowice. Check out property prices in Będzin or Ruda Śląska.

> And the situation in
> Sląsk is picking up rapidly. It's in the making of a second 'Manchester'.
Good
> signs ahead in Katowice: Overcrowded aiport, non-stop traffic, improved
> infrastructure, and numerous foreign investors.

Hmmm, yes and no.
The airport is now 3 times bigger than it was even just a couple of years ago,
but the question of "so when are they going to actually build a road leading to
it" is one which our grandchildren will still ponder over.
They did indeed invent several wacky solutions to the infrastructure and
traffic problems, but decided to implement them all at the same time, thus
completely paralysing the entire city for 6 months. They're building a huge by-
pass which rather than by-passing anything simply goes through several city-
centres, so they're burying most of it in the hope that nobody will notice, and
have already replaced a massive roundabout with another massive roundabout in
the same place.
And they got several wheelbarrows full of EU taxpayers' money which, like most
towns in Poland, they bizarrely spent on fancy pavements. And bridges. Mostly
in places where they either didn't need a bridge or already had one.
In the meantime, they've done bugger all about the Rynek. In the early 70s,
there was a huge ambitious plan to redevelop the city centre, which was
abandonned half-way through. So now the Rynek isn't really a rynek, it's just a
big tram-stop where you can buy goat's cheese, heroin and flowers.

[ejmarkow]

Ianek said: "So now the Rynek isn't really a rynek, it's just a
big tram-stop where you can buy goat's cheese, heroin and flowers."


Hehehe...really hilarious! I always read that Katowice was going to rebuild the
rynek with some pre-war archictecture. What happened? I guess the heroin was
just too good.

[ianek70]

ejmarkow napisał:

> Ianek said: "So now the Rynek isn't really a rynek, it's just a
> big tram-stop where you can buy goat's cheese, heroin and flowers."
>
>
> Hehehe...really hilarious! I always read that Katowice was going to rebuild
the
>
> rynek with some pre-war archictecture. What happened? I guess the heroin was
> just too good.

It's a pity. Throughout the time I've been here, they've been claiming to have
a new plan. There's a few really beautiful buildings in the centre (well, a
couple), the tenements that have been renovated are very pretty, and if you
look closely most of the others are also still pretty under the accumulated
dirt. On old postcards Kattowitz actually looks quite charming...
The old station was nice, and it's still there, even though they built the
infamously ugly and smelly new station. It's now lying more or less derelict,
although until recently it was a big, dirty carpet market.
Part of the 70's redevelopment plan was to build a huge road from the
Spodek/Rondo to the Rynek and then extend it southwards by demolishing things.
Today there are still concrete blocks and "turn right" signs about 10 yards
north of the Rynek marking the spot where they changed their minds.

[usenetposts]

ejmarkow napisał:

> Ianek,
>
> At zl. 1,430 per square meter, you landed a solid deal for such a large city
as
>
> Katowice. You couldn't possibly ask for more. The price you paid was indeed a
> bargain. And the space, wow...freedom galore. Excellent! And the situation in
> Sląsk is picking up rapidly. It's in the making of a second 'Manchester'.
Good
> signs ahead in Katowice: Overcrowded aiport, non-stop traffic, improved
> infrastructure, and numerous foreign investors.

It really depends on the location of his flat and how new it is and whether it
needs a kapitalny remont.

But the chances are he will make a profit when he sells it, just how big of a
profit.