At a time erstwhile it is increasingly hard for Poles to fulfill their dream of their own place, abroad entities acquisition full blocks in Poland – says “Business Insider Poland”. He gives an example of the Dutch group Van der Vorm, which bought over 100 apartments in Warsaw Prague for rent.
The portal "Business Insider Polska" draws attention to the problem of abroad companies buying up full blocks and settlements erstwhile in Poland they complain about problems with buying apartments. The purchased apartments then go under rent. Propertynews.pl has late described specified a transaction in Warsaw Prague.
As reported, the Dutch investment fund Group Van der Vorm purchased 119 housing units located at Siennicka Street. The full purchased block is to be rented.
René Voortmeijer, CCO of the Van der Vorm Group commenting on the case stated that the company presently has a "leading position on the marketplace of renting commercial apartments in Poland". He admitted that they were focusing "on strategical locations". It is the facilities located, for example, close to the metro station or city centres.
The Dutch company, as noted, is only 1 example of developing organization lease. There are presently about 20 companies specialising in this business. These include capital from Germany, Israel, USA or Scandinavia. Furthermore, the Polish marketplace is being watched by entities from Japan and South Africa.
“Business Insider Polska” besides reminds of earlier cases of specified cases erstwhile investment funds bought out full blocks or settlements, e.g. in Mokotów.
The subject has besides late been addressed by “Gazeta Krakowska”, noting that in Krakow about 60 1000 apartments that could be utilized for rent are uninhabited. According to Piotr Krochmal, an expert at the Real property marketplace Monitor Institute, “the reason is simply a large increase in real property prices, which has made the investor able to gain 5 times more per year on the premises alone”.
The expert further explains that if individual bought an flat at the beginning of 2023 for 500,000, at the end of the year he could sale it for 600,000 already. It points out that "the flat has become a speculative commodity". Krochmal claims that the forecast for this year no longer predicts specified a large increase in housing prices.
The local media besides point out that last year the prices of apartments in Krakow increased by 20 percent, while the rent can be earned around 4%. They besides add that "recorded price increases caused a safe credit of 2 percent". Therefore, in late 2023 the banks flooded a large wave of requests for a debt for an apartment. This made the sellers start raising property prices.
Part commentators believes that although the number of 60,000 may be overstated, this may indicate that it is worth keeping specified empty apartments.
Damian Adamus (National Policy, fresh Deal) besides commented on the issue.
About 50% of apartments are purchased for investment purposes + funds wholesale buy apartments. In addition, request (BK2%) is pumped at the bottom of the supply. The prices in the largest cities are rising at 20% per year.
This is simply a marketplace for rich people, smart people, speculators, not average Poles. https://t.co/RgR6Io0l2s
— Damian Adamus (@DamianAdamus) January 31, 2024
Nationals.net / Businessinsider.com.pl ♪ Oh, yeah ♪ == sync, corrected by elderman ==
