If you’re looking to buy a property in Poland, there are a few things you need to know. Firstly, the Polish real estate market is booming, so now is a great time to invest. Secondly, the process of buying a house in Poland can be quite complicated, so it’s important to be well-informed and have a good real estate agent by your side.
Poland is currently experiencing a property boom, with the value of housing increasing rapidly over the past few years. In fact, according to the latest figures from the National Bank of Poland, the average price of an apartment in Poland has increased by more than 20% since 2016.
If you’re looking to buy a property in Poland, there are a few things you need to know.
This growth is being driven by a number of factors, including an improving economy, low interest rates and strong demand from foreign investors. As a result, now is a great time to invest in Polish property.
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The Process of Buying a House in Poland
The process of buying a house in Poland can be quite complicated, so it’s important to be well-informed and have a good real estate agent by your side. Here are the main steps you need to take:
1. Find a Real Estate Agent
The first step is to find a good real estate agent who can help you navigate the Polish property market. Make sure to ask your agent for referrals from past clients, and be sure to check their credentials and licensing status.
2. Research Properties
Once you’ve found a good agent, it’s time to start researching properties. Your agent will be able to provide you with a list of available properties that match your criteria, but you can also do your own research online by using websites like Domiporta and Otodom.
3. Make an Offer
When you’ve found a property you’re interested in, your agent will help you make an offer. Keep in mind that the asking price is not always the final price, so be prepared to negotiate.
4. Undergo a Technical Inspection
Before you finalize your purchase, it’s important to have the property inspected by a qualified technician. This will ensure that the property is in good condition and that there are no major repairs or renovations required.
5. Finalize the Purchase
Once the inspection is complete, you’ll need to finalize the purchase by signing a purchase agreement and paying the deposit. Your agent will help you with this process.
6. Get a Mortgage
If you don’t have enough cash to buy the property outright, you can get a mortgage from a Polish bank. Be sure to shop around for the best interest rates and terms.
7. Register the Property
After you’ve finalized the purchase, you’ll need to register the property with the Polish authorities. This is a process that your real estate agent can help you with.
