Poland: the new Provence?
In the wake of EU accession, agents are waking up to the property market in Poland, where prices are significantly lower when compared to Western Europe.
Exclusive flats in the center of big cities, like Warsaw and Kraków, are the most sought-after. A 160-square meter, old tenement in Warsaw costs as much as a 40- square-meter apartment in suburban Madrid. The differences between Warsaw and London or Paris are even greater, with Warsaw being as much as seven or eight times cheaper.
Recreational areas are also under threat from an invasion of foreign investors. Holiday cottages are extremely popular among the Germans, who are attracted not only by the low price (four times lower than in Germany) but also by the convenient access. A.Ł.
Exclusive flats in the center of big cities, like Warsaw and Kraków, are the most sought-after. A 160-square meter, old tenement in Warsaw costs as much as a 40- square-meter apartment in suburban Madrid. The differences between Warsaw and London or Paris are even greater, with Warsaw being as much as seven or eight times cheaper.
Recreational areas are also under threat from an invasion of foreign investors. Holiday cottages are extremely popular among the Germans, who are attracted not only by the low price (four times lower than in Germany) but also by the convenient access. A.Ł.
