Has anyone considered investing in Poland?
As I see it, Poland (like other new Euro countries) has a number of things going for it:
(1) The Euro coming in 2010 will push prices up – see the Irish miracle
(2) A highly educated population currently earning money in Western Europe to return home around 2010
(3) High yielding properties
(4) Huge potential for capital gains as the gap between East and West shrinks thanks to the EU and its subsidiesThe downside risk:
(1) Language barrier
(2) Having to trust locals not to pull the wool over your eyes
(3) Not knowing the localities as well as at home
(4) Having to manage a property from overseasAnyone have any experience doing this, or opinions? Any contacts in Poland would be helpful too
I’ve spent some time in Poland recently and consider myself a pretty adventurous investor. The growth you’re talking about and the opportunities for the same is pretty evident on the ground.
Poland is truly becoming a power house of the EU. As one of the many opportunities in the EU though Poland would surely have to be one of the tough ones. Wow! Good luck.
Opportunity in everythinng
Type: ‘poland population exodus’ into Google News search.
Some of the articles are a little disturbing relating to the massive loss of skilled workers to the UK. Just be aware. [buz2]
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