POLAND’S THE PLACE FOR PROPERTY INVESTMENT

Spotting an investment opportunity outside of the UK is often a difficult task to say the least but Nottingham property company, Property Investment Portfolio (PIP), has identified the Polish property market as the perfect place for investment and has acquired a new development in one of the country’s fastest growing cities.

PIP is a global investment company that already owns properties in the UK, the Canaries and Goa, and has now further expanded its international reach by acquiring 35 new-build apartments in Mosaic House - a development in the tourist town of Wroclaw, Poland.

Mosaic House is made up of a total of 122 one-bedroomed and two bedroomed apartments, 35 of which have been purchased by PIP to offer to potential investors in the UK.

Wroclaw is now easily accessible from many of the UK’s airports, with low cost airlines offering regular services to the city. Property prices in the city have seen increases of more than 20% annually and Arv Soar, director of PIP, believes Wroclaw is the latest property hotspot to invest in:

“I have been researching Poland in general for the past year and after visiting Wroclaw several times I could see this city in particular was on the up. My research showed that the residential market was growing massively year-on-year and this, coupled with the investment that the city is experiencing and the good transport links to the rest of Europe, is why it offers investors great returns.”

Mosaic House is due for completion in July 2008 and the apartments are currently being sold off-plan to investors for between £67,000 (1 bed) and £94,000 (2 bed). Investors are being offered up to 100% financing, with discounts already secured – something which is unique for overseas investors buying in Poland.

Investment abroad often comes with uncertainty surrounding local taxes, buy-to-let laws and property regulations. However, PIP has an English speaking expert team in place in Poland to handle any buying and rental problems, and letting arrangements have already been established with local agents.

PIP has acquired more than 200 properties worldwide, worth in excess of £20 million, and Poland is the latest expansion to the company’s ever growing portfolio.