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 Poland - News

 Best Potential in Third-Tier Cities  31.07.2007 back
Cities such as Katowice and Gliwice are now seeing growth rates akin to those in Warsaw itself over the past few years.


Overseas property investors looking for the next big thing in eastern Europe should consider Poland as their next port of call, it has been suggested.

While areas such as Warsaw and Krakow are now familiar to both tourists and investors alike, and have seen supply rise accordingly, there are still a number of regions with the potential to offer good returns, according to Propertysecrets.com.

The firm has said that cities such as Katowice and Gliwice are seeing growth rates akin to those in Warsaw itself over the past few years, but without the level of interest seen in the capital.

"The third tier cities are seeing a much higher average growth than Poland's other cities," commented propertysecrets.com spokesperson Ben Greenwood.

"At the moment the prices are so high that many of the locals will be looking to rent rather than buy until their spending power catches up with the property market.

"Investors should look at the third tier cities like Gliwice and Katowice," Mr Greenwood added.

Property values in Poland are rising by more than 30 per cent a year, according to a recent study by Savills.

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