Home Property in Poland
How to buy a house in Poland?
Here you will find the detailed information about real estate purchasing in Poland:
- the right way to choose the property and to effect the deal;
- property taxes and duties that should be paid;
- everything about home loans in Poland;
- home property management and renting;
- rental, commercial properties and related investment properties.
Real estate for sale
Most recent offers from house owners in Poland and from real estate agencies. Advertisements with the fixed price and auctions are listed here.
You can leave a comment and give advice to other visitors planning to buy a home in Poland.
Real estate market in Poland cannot boast great diversity. There is almost no cheap real property here, while prices in the premium sector never rise beyond €1 000 000. For instance, an affordable apartment in Krakow with an area of 40 sq. m. is worth €75 000. A 40 sq. m. seaside apartment in the vicinity of Gdansk costs nearly €100 000. The average price for a 70 sq. m. apartment in Warsaw is €150 000. Relatively cheap houses are for sale are near Wroclaw. A cottage with an area of 340 sq. m. can be purchased for nearly €150 000 here.
Premium apartments in Poland are moderately priced by European standards, but also have a significantly lower level of luxury and prestige. For example, a seafront apartment in Gdansk with an area of 90 sq. m. costs €360 000. A 140 sq. m. apartment in a decent district of Krakow is worth about €300 000. Premium houses can be purchased in the Lower Silesian region. For instance, a villa with an area of 530 sq. m. here costs some €600 000. A 370 sq. m. cottage in a prestigious district of Wroclaw is worth about €420 000.
Let’s have a look into the matter of real estate acquisition in Poland.
Getting a permit from the Ministry of Interior
Before buying a house or an apartment in Poland, it is necessary to get a related permit from the Ministry of Interior, according to the law on real estate purchase by foreigners. This permit is not required in the following cases:
- living in Poland for over 5 years;
- married to a citizen of Poland for over 2 years;
- acquiring real property by inheritance.
If otherwise, getting a permit is a must, or else the deal might be cancelled and buyer might lose money.
When a permit from the Ministry of Interior has been obtained (this process may take up to 6 months), buyer and seller sign a preliminary sale and purchase agreement. At this stage, a deposit payment of 10–15 % of the object value is usually required. The deposit amount must be indicated in the preliminary agreement.
The next step for the buyer is to submit an application for a mortgage loan (if required and therefore specified in the preliminary agreement). A notary has to verify clean title to property (whether it’s debt-free and not owned by a third party). Then, a principal sale and purchase agreement is signed. Property rights are transferred to the buyer, and real estate is registered to their name.
Investments in Polish real estate suggest mandatory insurance as well as participation of a notary in deal registration. These expenses may usually be included in a mortgage loan. It stands to mention that seller covers most charges involved in the sale and purchase process.