General Information
Where are we at with Polish interest rates?
Up, Down - It doesn't matter if you can't afford a mortgage
If Poland hadn't been one of the most successful global economies of the last 30 years then we wouldn't be facing the current inflationary tsunami in the same way.
BORROW EURO, BUY IN ZLOTY - IS NOW A GOOD TIME?
Hedging in a time of inflation
If you have been considering buying Polish property in 2022, you may be holding back to see how recent (and expected future) interest rate rises will affect apartment prices.
Property Fees - A Strategy to Reduce Costs When Buying Property in Poland
When it feels like everyone has their hand out
Before deciding to buy property in Poland you need to know how the system works. As a foreigner, you can't just assume that it is the same (or even similar) to that which exists in your home country.
Buying A New Apartment? Negotiating Tips for the Polish Market #1
Price is not the only route to getting a better deal
Recent reports suggest that Poland delivered 7% more homes in 2020 than they did in 2019. This despite the pandemic. Prices have held firm and in some areas increased in contrast to expectations (including ours) from early 2020. Interest rates are rock bottom so affordability is greater and demand has increased as demonstrated by the latest mortgage report. So why would developers negotiate with you in such a positive market?
Polish Salaries, Property Prices & Mortgage Costs - 2018 to 2020
Assessing the past may sometimes be a guide to the future
After almost twelve months of lockdowns, mask wearing and isolation where has the Polish property market been and where might it be going?
Polish Property Prediction for 2021
Mortgages are cheaper, Property prices will continue to rise
Monthly mortgage repayments have never been lower as the Polish economy enters 2021 with a 35 year mortgage of 500,000 zl. costing less than 2,000 zl. per month.
Staying Afloat - Poland Records Second Highest YoY Property Price Rise In EU
Latest report shows Poland property prices up 10.9% from Q2 2019
Despite Covid-19, demand for property is still very very strong in Poland, resulting in a continuation of price increases.
The Polish Economy 2020 and Beyond - A Quick Update
Green Shoots - Economic indicators are beginning to have more relevance...finally.
Welcome to the new normal. Our last post made the point that we would simply not get involved in the projection game until there was a clearer picture of what was going on in the economy. We are getting closer to that point and the recent report from the EC Summer Economic Forecast puts some meat on the bones of previously sketchy data.
Polish property up or down? What we can tell so far
Without a definite date for a vaccine, we work with what we know
Further to our previous articles on the ongoing pandemic and the relationship to property, some things are becoming clearer.
Will Airbnb be around in 6 months?
Staycations are not in the companies business model
Amongst the many disruptions to the global economy, many companies have suddenly rose in value as their product directly benefits the current situation. Airbnb is not one of them.
Polish Mortgage? Should you Suspend Repayments during Corona Chaos?
What to consider when deciding to take a Mortgage Payment Holiday
If you have an existing Polish Mortgage you are probably aware that one of the many financial reactions to the current coronavirus pandemic is a possibility to suspend your monthly mortgage repayments for up to three months.
Coronavirus, The Polish Economy & More
Do We Have a New Future?
"Where do we come from? What are we? Where are we going?" by Paul Gauguin (Image)
Have you got a Swiss Franc Polish Mortgage? Don't get cheated again!
Lawyers are offering a solution, that may be a problem.
In October of last year, a test case was successfully brought in the European Court by a Polish couple against their Bank over the terms of their Swiss Franc Mortgage. A complicated judgement that essentially denied the banks claim they they alone had the right to set the exchange rates when demanding repayments. This has resulted in a flood of similar claims from all over the country as homeowners received confirmation of what they had always suspected, the Banks were screwing them and they were due recompense.
Poland City Rent vs Mortgage Costs - Which is Best and Where
Q4 2019 - Are You Losing Money by Renting?
Despite, in some cases, double digit growth in property prices in Poland in the last year, we examine whether renting or buying is a better option for your finances.
Polish Property Market 2020 - A Good Time to Buy?
To Buy or not to Buy, that is the question
What a year it's been for both the Polish economy generally and the Polish property market in particular. Growth in the number of new build properties, prices and mortgage approvals all exceeded official forecasts. Unemployment, despite increasing marginally in the last quarter remains at an historic low of 5.1 % and salaries have increased on average by 6% in 2019.
Buying for Investment? Should you Bother Renting it Out?
The Argument for NOT Renting out a New Apartment
Buying an apartment anywhere in the world can be like booking a Ryanair flight. The headline price rarely is what it actually costs you.
Are Polish Property Agents a Waste of Money - Rent
Series 3/4 - Renting
Further to our initial articles in the series, Are Polish Property Agents a Waste of Money/ Selling & Buying we now look at Renting.
Getting a Property Valuation
Buying or Selling - Some Tips on Getting a Polish Property Valuation
Whether buying or selling, it's a good idea (and required if getting a Polish mortgage) to get a good independent valuation. And strangely, not all valuers are created equally.
Buying & Selling Polish Zloty - Do's & Dont's
It's all about the spread, 'bout the spread, 'bout the spread ...
If you are in Poland for the weekend it is unlikely you will spend enough to make any real difference to how you buy your Zloty but for anyone staying a little longer, it's worth figuring out the most efficient way of changing your currency.
Rugby World Cup 2019 - Best Pubs to Catch the Action
We're on Tokyo Time
At BigDoor24 we are all about property, much like Rugby ....gaining ground or losing it we can see the parallels.
Tags: General Information News
Work Permit - Why are some Polish provinces easier than others?
The process is the same, the time taken is not
Anyone who has tried to obtain a work permit in Poland these days knows the wait time can be extraordinarily long, hampering both the efforts of the prospective worker and the employer.
How will Doubling the Minimum Wage affect Polish Property
Up or Down?
The Government announced plans this week to double the Polish minimum wage over the next 4 years (Bloomberg), should they be re-elected. What effect will this have on future Polish property prices?
How Safe is your City?
Burglary Numbers by Vovoidship
The official numbers are out from the National Map of Security Risks detailing amongst others, the number of reported burglaries by Vovoidship for the period January to June 2019.
Love the Sun, Hate the Heat - Air Conditioner Tips in Poland
Be Cool
There are lots of articles out there that detail the different types of Air Conditioning to get this summer. From the small portable units with their varying prices, energy efficiency and bacterial effects to the built-in multi-room wall controlled ones, there is a lot to choose from.
Top Property Search sites in Poland - Ranked - # 2
Buying & Selling - Who Does What Best
The second part of our series on Polish property search portals we look at buying & selling and who does what best.
Is Polish Tap Water Safe to Drink?
Get the (f)Low Down on Polish Tap Water
Tags: General Information News
St. Patricks Day Events in Poland - 17th March 2019
You don't have to be Irish to have a Party
The Irish call it Paddy's Day, the Americans, Saint Patty's Day, and the Poles, Festiwal sw. Patryka as the celebrations by Irish communities around the world for St. Patrick's Day only gets bigger.
Tags: General Information News
Polish Rental Agreement - 5 things you need to know
What's in the contract, What's not, and What should be....
Not knowing some basic things about a Rental Agreement is just a gamble.
When & How to apply for a Polish Mortgage - 6 Tips
When to apply, How to apply, What to consider - Polish Mortgages
6 Tips that may save you serious Zloty
Kiss your 2018 shopping days goodbye !!!
Only 15 out of 52 Sundays are open for shopping in 2019
A lot of you knew it was coming but may have forgotten.
Tags: General Information News
Choosing a Language School - things to consider
Why you want to learn is as important as where you study
While it's true that a lot of Poles speak English and in many cases a third language, to really experience the country you may want to learn Polish, or at least enough to get around.
Tags: General Information
Rental Deposits - How Much, When and Getting it Back
Just Easier When You Know
As in most countries, it is perfectly normal that a tenant is required to pay a deposit to a new landlord to cover any outstanding utility charges or damages to the property during a tenants stay.
Getting a Property Valuation
Buying or Selling - some tips on hiring a property Valuer
Whether buying or selling, it's a good idea (and required if getting a home loan) to get a good independent valuation. And strangely, not all valuers are created equally.
Renting without an Agent - A Checklist
Going it alone
When renting a property through an agent you will normally pay a fee equivalent to one months rent ( or less if using BigDoor24 ).so you may decide you would like to avoid paying anything.