Do foreigners buy apartments in Poland?
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Is the number of foreigners buying apartments in Poland growing? Are there many such buyers? From which countries do they come? Which apartments do they choose? The survey was prepared by Dompress.pl real estate service.
Miroslaw Kujawski, Member of the Management Board of Develia S.A.
In the structure of our transactions, the share of foreigners fluctuates around 3% and we do not see any major changes in this case. As in the previous year, most apartments are bought by Ukrainians and Belarusians, although nominally there have been fewer such transactions recently. A new trend that can be seen is more investment purchases. Although apartment prices in Poland have been rising for several years, they are one of the lowest in this part of Europe. Foreign funds were the first to notice it, buying whole buildings for rent. This group is slowly being joined by retail investors, although for the time being they are people connected with Poland who treat the purchase of an apartment not only as an investment, but also as an alternative to later residence.
Zbigniew Juroszek, President of Atal
We are observing a trend related to the growing interest in buying apartments from foreigners, especially from abroad. In some months, transactions made by foreigners account for nearly 20% of contracts. Foreigners, just like Poles, usually decide to buy flats of up to 50-60 sqm. It is worth mentioning that the number of clients from abroad has grown so much that we decided to hire employees speaking Ukrainian and Russian to serve them.
Sebastian Barandziak, CEO of Dekpol Deweloper
This year we observe a slightly higher interest in premises on the part of foreign investors compared to the situation in previous years. The demand is mainly provided by citizens from Ukraine and Germany. They prefer to choose premises in good locations, which are conducive to renting. This applies to small apartments with a functional layout of rooms, which allows several people to live there.
Malgorzata Ostrowska, Board Member and Director of Marketing and Sales Division in J.W. Construction Holding S.A.
The apartments in the cosy Zielona Dolina estate in Warsaw’s Bialoleka district, the sale of which has already been completed, attracted a lot of interest from foreign customers. At present, we have buyers mostly from Ukraine among the clients of Bliska Wola Estate in Warsaw. Flats and apartments in the Hanza Tower in Szczecin are mainly bought by the residents of Szczecin, but there are also a small number of buyers from Germany or Scandinavian countries. In all our investments, the number of foreign clients remains stable and small.
Monika Perekitko, Board Member of Matexi Poland
Foreigners are a constantly visible group of customers. The interest of foreign investors in apartments in Warsaw is clearly visible. Our observations show that most often they are buyers from Israel, Asia and also Ukraine.
Wojciech Duda, Vice-President of Duda Development
The number of foreigners purchasing our flats and houses is not growing. It is not very high, but stable. It is difficult to distinguish the nationalities that are most interested in apartments. Our clients are both residents of the European Union, Eastern Europe and the Chinese.
Janusz Miller, Sales and Marketing Director of Home Invest
We are observing an increase in the number of foreign clients who buy apartments in our investments, as well as Poles living abroad who may be planning to return to the country in the future. Most clients come from Ukraine. They most often choose small, compact flats, although there are also transactions related to the purchase of larger flats. However, the number of transactions involving foreigners is still small for our investments.
Zuzanna Nalezyta, Sales Director at Eco Classic
We have not noticed a significant change in the share of foreigners among the buyers of the apartments we have on offer.
Wojciech Chotkowski, President of the Management Board of Aria Development
We do not notice an increase in interest in the purchase of apartments among foreign customers. Such people invariably constitute about 5-7 percent of buyers. Most often they are Ukrainian citizens, who find themselves well in Polish reality.
Agnieszka Kozak, Management Board Representative for Sales in the Interior Republic
We are observing a growing interest in the purchase of flats on the part of foreign clients, especially from the European Union countries. They are mainly interested in micro apartments for rent. However, at the moment they do not constitute a significant group of buyers in the group of our clients.
Andrzej Gutowski, Vice-President of Ronson Development, Sales and Marketing Director
Foreign customers are not a large group of buyers and their number is not increasing significantly. The largest group at the moment are Ukrainians who buy apartments for their own needs. We are talking about people who already have a permanent job in Poland and can take a loan without any major obstacles, because banks have started to treat Ukrainian clients like Poles. Such people are beginning to withdraw from the rental market and are looking for their own flat. They choose similar premises as the clients buying their first flats, smaller in size, a little bit distant from city centres. In the case of our projects, Ukrainian clients most willingly decide to buy apartments in the Miasto Moje Estate investment located in Warsaw’s Bialoleka.
Aleksandra Goller, Sales and Marketing Director at Skanska housing company
Our clients include people of different nationalities. However, more important to us than their country of origin are their expectations and needs. Each time we help our clients to determine what they expect from the apartment, housing estate and the surrounding area and choose the perfect place.