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Krakow, Wroclaw, Poznan and Tricity

Price growth slowing - rents on the rise. Poland's second-tier markets enter a new development phase

Backing up our Poland and Polish 3rd Tier Cities Property Market Profiles, this new eBook contains 70 pages of the most in-depth analysis into Poland's fascinating 2nd tier cities: Kraków – the cultural capital of Poland and and host to an IT cluster; Wrocław – the fastest growing city in Poland; TriCity, with the largest port on the Baltic coast and Poznań – the city of trade.

The Market Profile examines in great detail the recent history of the property market in these cities, the present day state of each city's economic standing, demographics, education, unemployment and wage levels - and what the future holds.

Excerpt - p5...

From 2004 on, the markets started to enter the sustained growth phase. The reasons behind this were mainly:

• Mortgage affordability
• Huge unmet demand for housing with housing shortage around 50,000 units for each city
• Low supply
• The emerging middle class buyers – potential buyers, who could afford the mortgage.

The first second-tier city to take off was Kraków, followed by Wrocław.

Those cities saw property increase most in value between the last quarter of 2005 and second half of 2006.

Tricity and Poznań entered the rapid growth phase in the second half of 2006 and have performed strongly in the first half on 2007 as well.

In each city property prices more than doubled in value between 2005 and first half of 2007.

By downloading Poland's 2nd Tier Cities Property Market Profile you will arm yourself with the fundamental knowledge you need when making property investment decisions right now - and in the future.

And that's key - this Property Market Profile considers what has happened, what is happening and looks at the future from a sound, well-reasoned foundation, using hard fact and 'fuzzy analysis'.

What does that mean? It means you have the best research available. It means you will be able to answer the question "Should I invest here?" with total confidence based on your own circumstances and portfolio.

Excerpt - p7...

We forecast that Kraków will keep growing at 5% a year in the next 20–22 months. Wrocław is expected to grow 7% per year in the next 18–20 months. Tricity and Poznań will initially grow at 10% and then slow down to 5% per year.

We expect that after their slower growth phase, the markets will once again enter a very strong growth phase, of around 15% a year.

Just as important as price growth to property investors is the strength (or lack of!) the rental market. Poland's 2nd Tier Cities describes both the short and long term rental markets in all four of these cities, describing where they stand and why - and where investors can expect them to go.

For any investor looking to finance existing or future investments in Poland's 2nd tier cities, this is vital information to ensure their portfolio is minimising risk and maximising gains.

Excerpt - p47...

Right now, when rising interest rates and rising property prices result in higher monthly repayments, many people are simply forced to rent. This applies especially to migrants and graduated students – people who are only in their first job and their salary or/and savings is not high enough to get a mortgage.

There is already much evidence that rents are rising and voids are falling.

Property Secrets own investors are already reaping the rewards of the growing rental market in Poland's 2nd tier cities, as the Property Market Profile demonstrates:

Excerpt - p48...

Finally, and essentially, Poland's 2nd Tier Cities Property Market Profile contains a complete Buying Guide, aimed at leading you through the often complicated process of investing in this Central & Eastern European market.

This includes:

• Buying process
• Transaction costs
• Owning and renting in Poland
• Selling property in Poland

In addition, there is a comprehensive chapter on the Polish mortgage market, vital if you are to make the most of your investment. This in depth chapter covers the current mortgage market, what products are available for both locals and non-residents (ie, foreign investors like you) and a four-step guide to applying for finance in Poland.

Excerpt - p59...

Getting a Mortgage - Four-Step Procedure

1. Assess your credit rating
To evaluate your credit rating it is necessary to know all details regarding your income, liabilities, personal details and property.

2. Fill in the mortgage application form and collect all relevant documents
In order to have the application formally approved you need documentation proving your personal income and property details.

3. Approval of the mortgage
Based on the provided information the bank will approve the application. Most banks in Poland take 1–2% commission for granting a loan.

4. Completion
The last step before having the mortgage issued is signing the loan agreement with its enclosures. The most convenient way is empower a Polish lawyer to do this because the documentation is in Polish.

Everything you ned to know about applying for a mortgage, from what documents you will need to supply to those you will need to complete, is extensively described.

The Poland's 2nd Tier Cities Property Market Profile contains the most comprehensive research, analysis and advice on investing in Krakow, Poznan, Wroclaw and TriCity.

Click here to download it now