Sound investments near the slopes
Letterstone is trying to tempt foreign investors to invest in holiday homes in Poland's winter capital.
Letterstone has 20 apartments in the Polish holiday hotspot of Zakopane on its books and is currently looking for buyers. Both two- and one-bedroom units are available and range in size from 44 to 88 sqm including a balcony, and the two-bed units can be turned into two separate one-bed apartments. Prices start at zł.288,618 and go up to zł.436,549, inclusive of VAT, balconies, bathrooms and kitchens. Underground parking is also available for an extra zł.37,955.
Letterstone says that the apartments will be furnished to a Western European standard with fully fitted bathrooms, radiators in each room and light fittings included as standard. The kitchen will have all units but no white goods, with wood floors throughout the apartment, apart from the kitchen and bathroom, which will instead have ceramic tiles. There is also an optional furniture pack available to investors at cost price.
Letterstone can also arrange management and letting packages for investors using Kraków-based company MCG. It estimates gross rental yields at seven percent for the one-bed units and up to 10 percent for the larger apartments.
The firm has also arranged a payment plan that splits the cost into four payments. A 10-percent deposit is paid, followed by a 20-percent first-stage payment this summer. A second payment is due when building commences in autumn with the remaining 50 percent due on completion of the scheme in September/December 2006. The apartment block is 500 yards from Zakopane's main railway station on its own grounds and set back from the road. This is within the town itself but still has excellent views of the Tatra mountains.
Zakopane is Poland's most popular skiing destination and has long been the country's winter capital. It is 62 miles south of Kraków International Airport, which is about 75 minutes by car. Just across the border in Slovakia is the Poprad International Airport, and as budget airlines continue their expansion in the region it seems that more and more tourists will be flocking to the region.
Last year saw more than two million visitors come to Zakopane, whether to ski in winter or hike in summer, and the holiday season lasts for around eight months. There are 30,000 people living in the town and Letterstone says that there is a shortage of supply in the local housing market.
Letterstone has 20 apartments in the Polish holiday hotspot of Zakopane on its books and is currently looking for buyers. Both two- and one-bedroom units are available and range in size from 44 to 88 sqm including a balcony, and the two-bed units can be turned into two separate one-bed apartments. Prices start at zł.288,618 and go up to zł.436,549, inclusive of VAT, balconies, bathrooms and kitchens. Underground parking is also available for an extra zł.37,955.
Letterstone says that the apartments will be furnished to a Western European standard with fully fitted bathrooms, radiators in each room and light fittings included as standard. The kitchen will have all units but no white goods, with wood floors throughout the apartment, apart from the kitchen and bathroom, which will instead have ceramic tiles. There is also an optional furniture pack available to investors at cost price.
Letterstone can also arrange management and letting packages for investors using Kraków-based company MCG. It estimates gross rental yields at seven percent for the one-bed units and up to 10 percent for the larger apartments.
The firm has also arranged a payment plan that splits the cost into four payments. A 10-percent deposit is paid, followed by a 20-percent first-stage payment this summer. A second payment is due when building commences in autumn with the remaining 50 percent due on completion of the scheme in September/December 2006. The apartment block is 500 yards from Zakopane's main railway station on its own grounds and set back from the road. This is within the town itself but still has excellent views of the Tatra mountains.
Zakopane is Poland's most popular skiing destination and has long been the country's winter capital. It is 62 miles south of Kraków International Airport, which is about 75 minutes by car. Just across the border in Slovakia is the Poprad International Airport, and as budget airlines continue their expansion in the region it seems that more and more tourists will be flocking to the region.
Last year saw more than two million visitors come to Zakopane, whether to ski in winter or hike in summer, and the holiday season lasts for around eight months. There are 30,000 people living in the town and Letterstone says that there is a shortage of supply in the local housing market.
