Hi,
Just returned from a business trip to Poland. Warsaw and Wroclow.
Have been thinking about investing in an apartment somewhere in East Europe. While I was in Poland I had a chance to do some research by talking to Polish business people who have bought property for themselves in the past couple of years.
Example, I was shown a 74 sq meter apartment approx 15 minutes from the centre (old town) of Wroclow. Really nice apartment in a new development. Price two years ago €48,000 when this person purchased. Similar units now being built across the road are priced at €52,000. There is more availability than demand, so rent is not a lot to talk about.
Wroclow is a really nice city and just beginning to get some new direct air connections to Europe. Ryanair just starting from Stanstead and Easy Jet to start from France later this year.
Having spent a few days there I really felt I wanted to bring my family back for a few days later this year. Tremendous value for money in good quality hotels. Eating out is very cheap. Good resturaunts offering top class 4 course meals with a couple of beers at €18 to €20 per head. Hotels in the old town square at €80 per night per room for two sharing. This is for a good sized bedroom with seperate living area with TV, three piece suite, internet connection etc. Large bathroom with shower and bath. Family rooma available for 2 + 2 at €100 per night. Really really high standard.
I cannot help but think that this city will really really gain on the tourism front as direct flight connections become more and more available in the next couple of years.
Rujib