Property Poland - Poznan/Krakow

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philboy

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Hi,

I've just recently returned from a trip to Poland. I visited Krakow & Warsaw. I loved Krakow & its definitely a place i would recommend & go back to again. I couldn't take to Warsaw at all.

I am definetly thinking of purchasing in Krakow although the prices seem quite high especially around the old town. Has anyone bought in Poznan or visited the place, there seems to be very little posts on Poznan here. I've re-searched Poznan a bit & 4K PLN/m2 seems to be the stated average price. It seems to have a low rate of unemployment like Krakow & Warsaw. There also seems to be very little property for sale for Poznan online too.

One development i did find is this one a 1 bed 50m2 aptment in Poznan with tax & a fitted kitchen/furniture included for €89k. Is this over-priced considering a few uptodate articles that i read said the average price is 4k PLN/m2 & its 1km from the city centre.

All advice on Poznan & Krakow greatly appreciated.
 
Personally I'd Recommend Krakow. First It's a big centre for third level education in Poland. Second the old town is becoming one of the bigger tourist attraction's in Europe. This helps to raise income levels in krakow to above the national average which I think is important for this type of investment. Third it's an absolutely beautiful city (at least the old town).
 

I'd persnally recommend Poznan
I'm from Poznan...living for 2 years in Dublin now.
Go for Krakow & Warsaw...like everybody
Poznan- definitely (in my opinion) the best city in Poland if you compare quality/prices/atmosphere.
Nice for tourist , great for living Need any info? send me a message.
reg.,
Jacob
 
I agree with Kodzik. I think Poznan is a great city with a large student (both foreign and local)population and rising banking community and a considerable industrial sector all leading to a sustainable rental market. I have purchased a number of apartments there. They are very hard to find, they better areas get bought up very quickly. More than that if you go tryng to rent a new apartment in a good area the estate agents will all tell you that these do not sit on the market for more than days / week.

Anyone interested can send me a private message and I will give you the contacts I have there.
 
I would agree with the posts about Poznan I was out there last week for a few days and loved it. From pounding the streets, it has a lovely old square (which of course was bombed to bits and rebuilt) a nightlife to rival Dublin, nice restaurants, a lot of banks, huge student population and prices not as crazy as other polish cities. I can't wait to go back.
 
Thanks for the replys guys. Ill have to take a trip out there after the xmas for a look. It sounds a bit like Krakow except on a less touristic scale.
Any views on the best areas to buy/not to buy. Is new builds or second hand the way to go?
 
By the way Jellyshots,
Ya didnt happen to get stuck in the airport did ya? We were meant to fly out from Warsaw last Mon- stuck for 3 days due to a fog & another day cos of aer-lingus' bad organisation skills {actually lack of} not impressed but thats for the 'letting off steam' section.
 
Ha Ha philboy yeah absolute bloody nightmare. Was flying over Poznan at 9.30am on the Tuesday told the airport was fogged up and diverted to Berlin. It was like the film planes, trains and automobiles 7pm before we got off the train in Poznan (had to take 3 trains) but there was people on that train that had to continue on to Warsaw I reckon it took them until 10 or 11pm to get to Warsaw I felt so sorry for them as the last food most of us had was in the airport that morning. As far as I know the airport was closed on the Wednesday too.

I discovered aferwards there is an intercity train from Berlin to Poznan (not sure if it continues to Warsaw) that leaves around 1pm and takes 2 hours. From some people I got talking to you can be aswell off flying to Berlin and getting the intercity train as sometimes it's cheaper and you will get there when you expect too. We did check out taking a hertz car from Berlin to Poznan it was €450 we could have got a helicopter for that.

The thing that bugged me though was the clowns in Ryanair and Aer Lingus were still sending the planes in even though they knew there was no hope of landing them as the place was fog bound for 3 days.
 
Sorry for dragging the post a little off topic again but at least if anyone is travelling to Poznan they know what can happen.

Philboy just re-read your post can't believe you were stuck there for 3 days thats nuts . They could have bussed you or put you on the train to Berlin thats were all their bloody planes were.
 


still OT : friend of mine was bussed from Krakow via Slovakia to Wien. It was the only chance to back to Dublin

I'm glad that you like Poznan but Poznan in autum/winter time in my opinion is not even half as nice as in spring/summer
 
I have spent a week on business in Poznan, and must say I was reasonably impressed, it has far more character to it than Warsaw, imo. Although it didn't appear to have much to offer for a tourist, there is a booming banking business happening there. AIB's sub, BZK Bank (i think thats its name) has its HQ there, and there were high rise OFFICE blocks going up all around. It certainly seems to be positioning itself as a business centre, which I would imagine is far more attractive for steady rentals from a property investment angle, rather than the the tourist rental markets. There were also a lot of rather run down, albeit magnificent looking, old buildings right in the heart of the town, which I thought would be a fantastic purchase.

More steady white collar jobs = more consistent rental income imo, rather than the tourist angle.

o.t. - that train runs from Moscow, through Warsaw and on to Berlin, every hour or two, and is a cool train ride - trains, albeit very old, are in the orient express style, with seating in cabins as opposed to long carriages, it's like a step back in time!
 
Interesting comments Mollser. Was that your first time in Poland. I travelled to Warsaw recently and although it's not the prettiest city i was reasonably impressed. Think of going back in the New Year to either Poznan or Krakow. Great country, with terrific potential. Lovely people too. Where did you stay in Poznan if you dont mind me asking?
 
MortgageMate said:
Interesting comments Mollser. Was that your first time in Poland. I travelled to Warsaw recently and although it's not the prettiest city i was reasonably impressed.
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Hi MortgageMate,
When you go to a place like Krakow you will see how much nicer the city the city is compared to Warsaw - especially from a tourist point of view. The people are friendlier, the place is more relaxed, you feel a lot safer. I found the bars & clubs to have more personality & atmosphere.
Id recommend Krakow in a heartbeat especially if you liked Warsaw then you will love Krakow - take a trip down to Zakopane - about 100km away. It has skiing at certain times of the year & other adventure sports. I never made it unfortunately but def next time. I met a few Polish people on the train from Warsaw-Krakow who were going there so it seems to be poplular with the locals too.
Personally, Poznan is next on my list for Poland
 
MortgageMate said:
Where did you stay in Poznan if you dont mind me asking?
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MortgageMate I was there last week and stayed in the Sheraton, the hotel only opened 2 weeks ago, easliy the best hotel in town in my opinion, if you want to know no more feel free to PM me as I don't want to turn the thread into a tourism advert.
 
It's difficult to find new development in Poznan at the moment but 4-5 developer-companies are waiting with the offers for the end of December/January to determine the prices.
What kind of properties Irish peple are mostly interested in?
(answer: the ones which bring in the biggest profits is not the point of the question )
 

I stayed in the Novotel, its beside the HQ of that bank I mentioned, beside a big shopping centre only a 15 min stroll throught the shopping streets into the main square. Hotel lobby has to be seen to be believed, is very 1970's! Good rooms though. Town square is really super, very pretty and plenty of activity/bars/restaurants around also. There didn't seem to be too many other hotels around at that time.

This was about 2 years, and certainly they were focused on office development rather than high density apartment blocks, and in my opinion a promising sign for residential if they fill all the offices! I haven't been to Krakow so can't comment on it, but tourist letting would be a heck of a lot more hassle than long term white collar lets, I would suspect.
 
mollser said:
This was about 2 years, and certainly they were focused on office development rather than high density apartment blocks, and in my opinion a promising sign for residential if they fill all the offices!
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It's a good point Mollser also the shopping center you refer to is Stary Browar and they are actually expanding it at the moment a good sign if you ask me because there are some shops in there with prices not far off Dublin, so it would indicate a certain level of affluence in the city. The only thing I would say is that the transport system is fantastic, there are trams, a fast tram, buses and plenty of taxis so I got the impression that most Polish people lived in the suburbs where it's cheaper and commute to work quite easily so the closer you get to the center the more you are relying on the foreign rental market as there is no real rental demand in the city center from Polish people. Thats my opinion from talking to people there but Kodzik would know more if he is from the city and may disagree with me.

To touch on what Kodzik said about new developments prices are behind other cities in Poland (I don't know why) and I got the impression that a lot of developers are sitting on their hands a little watching and waiting for prices to go up more in Poznan before launching their developments.
 
Hi guys, sorry to go a bit off point (geographically speaking that is) but have any of you considered looking at, or been to, Wroclaw?? i have never been to Poland but am planning a visit early next year with a view to investing in either Poznan, Krakow, or Wroclaw and am just curious if any of you guys can shed some light on the latter of the three. From what i have read it is a city of some 600,000 people with a well establised student population. I also believe Ryanair are considering making the airport their cenrtral european hub. I must say i am impressed with the positive feedback on Poznan and Krakow, and its nice to hear it coming from people who have actually stepped foot there
 
cheers for the advice guys. I haven't made any immediate plans but in the new year, i'll look into it. Would you think it would be a great idea to get groups of people who are interested in investing in Poland to travel over a few times a year? I know Propman is involved in something like this and a few heads are better than one.

J
 
Yes Bryman,
I read that in a previous thread, although i couldn't find any articles on it. "The Ryanair affect" (could be effect - never was too sure of the grammatics there) something similar happened in Norway, as far as i am aware.
J
 
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