15:09 3 December 2024
Return on investment turning slower for house flippers
The current climate is challenging for property flippers in Poland—investors who buy, renovate, and resell apartments for profit. Factors such as high interest rates and declining purchasing power have slowed demand and stabilized prices in the secondary real estate market. Flippers now face longer sales cycles and reduced profitability due to increased renovation costs, including higher material prices and labor shortages.
Experts note that while flipping remains viable, success depends on professional expertise, market knowledge, and efficient operations. Larger, established players dominate the market, leveraging networks for sourcing undervalued properties. Despite obstacles, opportunities still exist, especially for experienced investors. However, amateurs face higher risks, emphasizing the importance of due diligence and local market familiarity.
(pb.pl)
