Buying real estate in Poland by foreigners

Unlike a number of countries in Eastern and Central Europe – in particular, the Czech Republic, Slovenia, Croatia – there are only minor restrictions on the purchase of real estate in Poland by citizens of non-EU countries.

These restrictions apply only to those cases where the objects of the transaction are: a villa, a house in a rural area or a border zone, as well as a plot of land whose area exceeds one hectare. Then the Polish Ministry of the Interior must issue a special permit, which requires checking both the buyer and the details of the building or land.

When it comes to apartments in cities and suburbs, purchasing real estate in Poland by an individual is completely free.

Popular cities for buying property in Poland


The most popular cities among foreign buyers are Warsaw, Gdansk and Krakow, and the purchase of housing in the capital of the country is often considered as an investment project. This primarily applies to areas such as Mokotów and Śródmieście, where prices are rising at a faster rate, and it is profitable to buy commercial real estate in the historical center of the city.

The purchase of real estate in Poland, if it is made in a prestigious area of ​​Warsaw – for example, in Nowo Miasto or Wesol, when rented out, will bring the owner an income of about 6% per annum.

Buying real estate in Poland – prices

The cost of Polish real estate depends on such factors as its type (new building or secondary), location (in a large city, rural area, near ski resorts in the Tatras or on the Baltic Sea), age of the building, quality of finishing and number of rooms – quite often developers combine living room with kitchen.

Local peculiarities are that, based on the cost of one square meter, one-room apartments are the most expensive, and the price of secondary real estate in some cities is higher than for new ones. However, it should be borne in mind that the real cost of a “resale” property can be several percent lower than the stated one, so buying real estate in Poland often involves bargaining. In addition, former owners usually leave almost all the furniture and household appliances to the new owners.

Average prices per 1 sq.m. in main cities of Poland (in euros):

City Price € per sq. m.
Krakow 1650

The procedure for purchasing real estate in Poland


You can buy real estate in Poland either with the participation of a real estate agency, which can charge a commission for its services in the amount of 3%, or independently. In the second case, having chosen a suitable object, you should check that there are no registered residents in it, and there are no debts on utility bills. In addition, you need to make sure that you have a property document and extracts from the land register and mortgage book.

If the apartment or house is legally clear, the next step will be the actual purchase of real estate in Poland, which begins with drawing up a sales contract – of course, in Polish, so the vast majority of our compatriots cannot do without the help of a sworn translator. The transaction can be completed either with a one-time payment or in installments: first an advance payment is made, and after the agreed period the remaining amount is paid.

The transaction is concluded in the presence of a notary, and the amount of the notary fee depends on the value of the property and consists of two parts: a fixed rate and an additional payment. Other costs that the buyer bears include the home purchase tax (2% of the amount specified in the sales contract) and the property registration fee (from 35 to 50 euros converted to zlotys).

There are three types of ownership in Poland, and it is important that it is not partnership ownership (Towarzystwo Budownictwa Społecznego), which does not allow the owner to dispose of the property and is, in fact, a perpetual lease.

Buying real estate in Poland with mortgage lending


In the absence of part of the funds to purchase housing in Poland, local banks are willing to accommodate foreigners – including Russians, Ukrainians and Belarusians who do not have Polish citizenship. Instead, they must have permanent residence status or, in extreme cases, a residence permit, have an employment contract and a confirmed stable income received in Poland, while all financial receipts from abroad and savings made there do not have a decisive role.

Finally, the down payment for the property must be at least 20%. Only if these conditions are met, a foreign resident of Poland can count on a mortgage (usually at 4% per annum), which, moreover, is not issued by every bank in the country if the applicant is not an EU citizen.

Advantages of buying property in Poland


First of all, it is necessary to clarify that the purchase of real estate in Poland itself does not constitute grounds for granting the owner a residence permit, regardless of the amount of the transaction. However, in the future, the availability of housing will make it easier for students, businessmen and migrants coming to the country on a work contract to obtain a residence permit. But even without this, owning Polish real estate has obvious advantages, which include:

  • low price compared to the vast majority of countries that are part of the EU and the Schengen area;
  • a profitable investment both for the purpose of renting and subsequent resale due to the stable rise in prices, which in some regions reached 10% per year;
  • short distance to Ukraine, Belarus and Russia (especially to the Kaliningrad region, with which Poland shares a border);
  • convenient transport links (direct flights from Moscow and St. Petersburg to Warsaw and Krakow);
  • some of the cheapest prices in the EU for food products with high quality;
  • climate familiar to most Russians;
  • the presence of both sea and ski resorts.

The fact that buying real estate in Poland is a profitable deal, and this country is one of the most promising in terms of economic development, is evidenced by the fact that the top three buyers, in addition to Ukrainians, include citizens of Great Britain and Germany.

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