Things
To Consider Before Buying In Poland
Put It In Writing
Foreign buyers sometimes receive a nasty shock when they take
possession of a home bought in Poland - they find that its
bathroom, kitchen and other fittings have all been removed.
The reason for this is mostly that newly-built homes in Poland
are generally sold as a shell - so people have got used to
having to take everything they need from their old home with
them.
The solution is to have absolutely every detail written into
the preliminary agreement - right down to light switches and
electrical sockets.
Buying For Investment
If you are planning to buy a property in Poland as an investment,
you should be aware that if you sell it within five years
you will be liable for a
10% Resale Tax on
any profits. This tax does not apply if you use the proceeds
to buy another property in Poland.
Glossary of Key Polish
TermsNotary - Government-employed solicitor who
is responsible for conducting property sales and who represents
both buyer and seller
PLN - standard abbreviation for Polish currency
(i.e. like USD for US Dollars)
Zloty - Polish currency
Read
On
•
Introduction
• Buying A Property
In Poland – 4 Easy Steps
• Should I Get
A UK or Polish Mortgage?
• Getting
A Mortgage In Poland
• Other Things
To Consider Before Buying In Poland
• Glossary of
Key Polish Terms
Buying
Overseas Property and Mortgages
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