Other Things To Consider Before Buying In Poland

Put It In Writing

Foreign buyers sometimes receive a nasty shock when they take possession of a home bought in Poland – they find that its bathroom, kitchen and other fittings have all been removed.

The reason for this is mostly that newly-built homes in Poland are generally sold as a shell – so people have got used to having to take everything they need from their old home with them.

The solution is to have absolutely every detail written into the preliminary agreement – right down to light switches and electrical sockets.

 

Buying For Investment

If you are planning to buy a property in Poland as an investment, you should be aware that if you sell it within five years you will be liable for a 10% Resale Tax on any profits. This tax does not apply if you use the proceeds to buy another property in Poland.

 

Glossary of Key Polish Terms

Notary – Government-employed solicitor who is responsible for conducting property sales and who represents both buyer and seller

PLN – standard abbreviation for Polish currency (i.e. like USD for US Dollars)

Zloty – Polish currency

 

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