why real estate property investment in krakow?

If Poland provides significant real estate property investment opportunities then Krakow is the jewel in the crown for long term property investment growth.

Krakow is Poland's second city but by far the most beautiful. Krakow's Old Town is Poland's prime tourist attraction, its market square is surrounded by classical buildings dating back to 1257. The city unlike Warsaw, Poland's capital, escaped World War 2 damage and remains almost entirely in tact.

Despite this heritage, Krakow has an eye to the future. With the establishment of many leading western businesses and the development of substantial new technology parks on it’s outskirts it is gaining a growing reputation as a centre for IT which sits comfortably with it's position as Europe's third oldest university city. Of its 750,000 population 100,000 are students.

Krakow is already a major tourist destination for Polish and foreign nationals alike, but with the opening of a new motorway providing improved internal communication with Warsaw on the one side and Zakopane on the other and the airport extension with a new international terminal and budget flights coming in from across Europe, the signs are good for on-going tourist demand for accommodation.

This provides a great diversity of demand for property in and around the city. New-build in particular is in great demand by Polish nationals and ex-pats alike. The City Strategy and Development Department of The Municipality of Krakow states, "At present the Krakow residential market is faced with a lack of new dwellings and developers sell most of their offers at the pre-construction phase".  Demonstrating that Krakow's diversity is working well in its favour.

Their report goes on to say “From 2004 onwards demand has significantly exceeded supply and nothing implies that this situation will slow”. No wonder Krakow is still seen as a City that will deliver excellent growth opportunities. So there is evident opportunity for short term gain in Krakow but also sustained long term growth.

And as the majority of purchasers of apartments in new developments are Polish nationals buying their principal residence, supply for rentals will remain limited and therefore in demand as will demand for resales.

investpolska believes Krakow has arguably the highest investment real estate growth potential and the most sustainable of all Polish cities - Warsaw and Wroclaw included.

Rental yields are also an important consideration. Gross yields are typically 8%, netting out at 4.5 to 6.5% according to analysts. The diversity of demand in Krakow is impressive, from local to ex-pat tenants, students to professionals, contracted professionals, semi permanent and permanent residents and the ever growing tourist market. Every investment property will have demand from student accommodation to senior managerial ex-pat luxury apartments and short term tourist lets.

So if you are interested in buying real estate property in Krakow and its surrounding areas then investpolska is perfect for you.

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