Apartment in Warsaw

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fear peile

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Does anyone have experience of buying an apartment in Warsaw and fitting it out ?
What are the realistic achievable rents per sq M in a new development in an area like Mokotow ?

I would like to hear any comments people may have had !
 
Marina Mokotow is renting very well with 2 beds achieving £400+ per month
 
Average rent in Warsaw in PLN. Q3 2007studio1-bed2-bedBielany1 1951 6812 310Bialoleka1 2421 4251 887Bemowo1 1871 6822 597Centrum/Srodmiescie1 2772 1273 347Goclaw1 3111 7732 320Kabaty1 4671 8192 450Mokotow1 3962 0403 037Ochota1 2021 7663 202Praga Polnoc1 0611 5901 875Praga Poludnie1 1351 8572 283Targowek1 1201 5561 861Tarchomin1 1501 3031 627Ursus1 2001 5872 160Ursynow1 4121 9262 439Wilanow1 4002 2173 250Wola1 3221 9492 818Zoliborz1 3031 8043 038

1 Euro = 3.75 PLZ
 
Does "2-Pok" mean two bedrooms or just two rooms (i.e. one bedroom and one living room)?

I know in Germany a "2 Zimmer Wohnung" means two room appartment - i.e. 1-bed appartment in Irish terms. Curious if it's the same in Poland.
 
Hi Bnage,

I have seen Marina Mokotow on internet looks like a good development, How many sq M for this rent ?
best of luck with it

fear peile.
 
Hi Polish bloke,

Thanks for the website link, understood the tables but afraid my polish is not up for the dialogue.
In a quality finished (new) apartment in a good development in Mokotow, I was hoping to make somewhere between 12-15 euro/M2 (45-55 PLN/M2) Is this type of rental income acheivable ?
eg. 72M sq x 45 pln = 3240 pln/month (860 euro)

fear peile
 
fear-peile:
I'm not an expert on Warsaw rental property and can't answer your question, however it sounds reasonable providing it's a gross income.

all:
please note, that in IRE it's "bedrooms" that are advertised while in PL it's "rooms" - this include both living- and bed-rooms therefore a "2-pokojowe" (2-pok, dwa pokoje) means livingroom + 1 bedroom.

It is also worth mentioning that 2 - 3 room (1-2 bedroom) properties are most "liquid" on the Polish market - easy to let, easy to sale. I wouldn't personally go for anything larger than 3-room (2-bed) investment apartment.
 
Guys, no subprime danger in Poland, as far as I am aware.
It's kinda difficult to get a mortgage with average Polish salary. The other thing is, Poles extremely don't like to be in debt as financial literacy is not too strong amongst majority. Don't forget, it has a market economy only around 20 years.
 
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