September 20, 2020

Read This Guide Before You Invest in Real Estate Poland

The basic process of buying real estate properties is almost the same in all European countries, including Poland. The client, either with the help of a real estate agent or not, should look for a potential property and deal with all formalities for completing the transaction.

However, there are some key differences in the buying process in every country. The differences define certain characteristics of every real estate market. This is why it is important for potential buyers to be familiar with them.

The purpose of this short guide is to make it simpler and easier for you to understand the market of real estate Poland (https://www.bluehomes.com/Immobilien-Polen-kaufen-verkaufen/kat.html) so you can become a successful investor.

Search for Properties That Meet Your Expectations

When planning to buy a property in foreign countries like Poland, it is best that you look for a website that offers services to foreign clients. This must include sales offers from different parts of the country as well as all kinds of properties including houses, land, apartments, and commercial properties. Aside from these offers, the portal must also be able to give direct contact to property owners, map of the location, and description of the property.

Hire a Reliable Real Estate Agent

During your search for real estate Poland, getting the help of a real estate agent can also be a big help. But, to guarantee good results, it is important that you find the right agent in the first place. Make sure that you hire an agent with the necessary license that enables him to conduct services in the area.

The agent must also have exemplary communication skills and a transaction history that can be verified if needed. You can ask the agent to briefly describe the recent transactions he closed or those that were completed for the past few months. The agent may also provide you with phone numbers of his contractors for you to call them and inquire about the agent’s work. It is always advisable to hire a real estate agent who is well-versed with Polish law and has experience in working with both local and foreign clients.

Can You Purchase a Real Estate Property in Poland?

Acquiring a property in Poland is being governed by a law that was enacted in year 1920. The Ordinance by the Minister of Interior is the second official document that regulates the issue on the detailed types of documents and information that must be submitted by the foreigner applying for permit issuance for real estate acquisition.

Before you buy real estate Poland, you need to ensure that you can purchase a Polish real estate property with no need for a Minister’s permit. It is a must that you read and review all regulating documents since this will make the entire process easier and more convenient for you.

Buying real estate Poland is not much different from the process of acquiring a property in your own country. Just make sure that you are familiar with every step involved in the procedure to guarantee a seamless transaction.