Barbarians in the flat?

According to a recent report by the Center of Research and Market Analysis (ASM), one in 10 premises in large Polish cities is financed by a foreigner. Some 1,676 premises were bought by foreigners last year, 1,386 of which were apartments. Over 55 percent of transactions are made with a combination of self financing and bank loans. PKO BP, Millennium, MultiBank and BZ WBK were listed among the most popular banks that grant mortgages to foreigners. According to ASM, 47 percent of foreigners prefer loans in złoty and over 27 percent in Swiss francs. (WBJ Real Estate Newsletter)