Citizens of Ukraine became #1 among foreign buyers of real estate in Poland, reported Project Investor. Even Germans who used to be avid investors in Poland are now only #2 on the list.
Ukrainians are eager buyers of Polish properties
In 2017 foreigners purchased 6,385 objects of real estate in Poland: 4,822 apartments and 1,563 commercial properties. In total, foreign buyer purchased over 750,000 square meters of real estate. Ukrainians bought 71,000 m² of real estate. It’s over 23% of all purchases for foreign buyers.
German buyers are next with 40,000 m² in purchases (13.2%). Great Britain, France, Belarus, Italy, Russia, Sweden, China and Netherlands are also in the top 10.
Data: Project Investor.
The most popular city where citizens of other countries love to buy is Warsaw, the capital of Poland, where foreign buyers purchased over 1,200 apartments in 2017. Krakow is next on the list.
While prices for real estate in Ukraine are probably the lowest in Europe, Poland is a member of European Union but still has quite accessible prices for apartments. It is obviously seen as a good place to invest in property. In Ukraine itself the prices for homes are plummeting. We reported previously that over 70,000 newly-built flats in Kiev remain unsold.
In many former Eastern European countries such as Hungary, Bulgaria or Romania prices for homes are also much cheaper than in UK, Germany or France. This is why people see it as a valid option to purchase a nice place in Poland, which is also a part of the European Union, and they can afford to buy a much better quality home.
Read also:
- Cities with the cheapest prices for apartments in Europe
- Prices for apartments in Ukraine plummeted
- 76,000 new apartments in Kiev unsold
- How much apartments cost in Ukraine?
Hi Elena, re the topic of money and affordability in Ukraine and the wages that is paid there well can I just say that it really baffles me when I look on social media and see young Ukrainian women being able to afford to go on holidays 3 or 4 times a year to the likes of Egypt, Thailand, Dubai, Maldives and Europe in general. Even the person with a well paid job in developed countries rarely gets around to doing that. Where are they getting their money from?
Rupert, The ones who travel to cheap places like Thailand, Turkey, Egypt, Bali, that’s entirely possible as tours to these places start from $200 per trip (yes, the whole trip including airfares and hotel). If she lives with parents and can spend all her money on herself, it’s not hard. Read these posts: How Ukrainian women on low wages can afford to travel? My Russian sister; Couchsurfing: How to travel the world for free. Ukrainian girls can travel to Europe without visas and stay in cheap hostels or find a place to stay for free (much easier for girls who… Read more »
Thanks for the answer!
Все это связано с низкой оплатой труда в Украине и большой ценовой политике, здесь ты просто не позволишь купить себе недвижимость не экономя на всем что можешь. У меня многие знакомые ездили в Польшу на заработки, и вернувшись сюда на протяжении долгого времени не могли найти нормальную работу.