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Are you better off buying property in Poland.

  • 03-06-2009 4:02am
    #1
    bobbiw
    Closed Accounts Posts: 211 ✭✭


    Seems like Poland will be the new Tiger economy after the recession so is it better to look to poland to buy property.

    Its very unlikely that Irish property prices will rise in the forseable future so any purchase for investment purposes is a mugs game.

    Every American multinational is now eyeing easter europe for tax breaks and educated cheap workforce.

    What do you think,


Comments

  • #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Why do you imagine there will be a 'tiger' economy? A return to long term sustainable growth rates (of possibly between 3 and 4%) in Poland would be good. Stagnation in Ireland for a number of years- would also be good. Its all comparative. Where are you coming from- vis-a-vis purchasing property in Poland? From a long term rental perspective- can you expect an ROI of 6-7%? Perhaps- but its nothing that I'd put a wager on. If you can't get a reasonable return on your investment- don't invest. At present- there simply isn't the outlook for a reasonable longterm satisfactory ROI- in either Ireland or Poland.


  • #3
    Carawaystick
    Registered Users, Registered Users 2 Posts: 8,779 ✭✭✭Carawaystick


    The commute from Poland would be desperate....

    Why do you think property is a good investment? if you have money to invest, I'd be looking at all types of investment, not fixating to immovable property in a faraway land. Why not buy some polish stocks instead?


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