Preparing for retirement, having a second home for the vacations... Make a rental investment in Poland ! An innovative, differentiating and much more profitable strategy. Make a rental investment to earn money every month. So many arguments that will motivate you to invest in real estate in Poland.
However, be careful before making such a decision. Find out why you might want to invest in real estate in Krakow, how to choose your house, flat and complete the transaction.
Our company is specialized in this kind of service and we give you our advices regarding to finance and funding in real estate investment, keeping in mind that taxation is different in each country.
Low-cost airlines such as Ryanair or EasyJet have made it possible to lower the price of air tickets to travel outside the borders of our countries. This makes it easier to invest in real estate in Krakow.
A trip between Marseille and Krakow will cost you an average of 50€ round trip for 2 times 2 hours by plane. Several destinations are available to go to Krakow, we made a small summary of all the possibilities via these low-cost companies:
source : EasyJet.com
Source : ryanair.com
In summary :
With EasyJet, we have the airports of Paris Charles de Gaulle and Lyon.
With Ryanair, we have the airports of Bordeaux, Lourdes, Marseille and Paris Beauvais.
But that's not finished, there are many possible destinations below 100€ per person. Luggage included. You can travel all over Europe. If we compare the price of fuel with the price of freeways or train. Flying to other countries like Poland is cheaper and faster.
Ryanair : 33.98€ Return ticket
Source : ryanair.com
Bus : 169.96€ Return trip
Source : flixbus.com
Car: 300€ Round trip
Source : Michelin.fr
You can easily find a whole apartment or a private room for 25€/night downtown.
We live in a world where everything is connected. It is easier to invest in real estate abroad such as in Krakow than in the past. On top of that, we would like to improve internet communication between you, a future investor, and us, French Estate Poland.
Let's talk about the real estate market in Krakow nowadays. There are several interesting things to know before making a real estate investment. We will talk about them just below.
Poland has been a member of the EU since 2004, so it's easy for a French native or else to go there for example. If you decide to live there for more than 3 months, you have to register with the administration and do what is called the PESEL number (rather fast procedure). A valid passport will obviously be necessary.
It is always a good idea to visit the website of your country's embassy in Poland to read useful information.
It's important to know how to take several factors into account before making an investment abroad.
As in every country, there are annual charges or additional costs related to the purchase of an apartment. Notary fees, agency fees, work, furniture to be purchased and to improve your own property.
The advantage of Poland is that these charges are very low. Notary fees represent between 1 and 3% of the value of the property. For the works, if you buy a property to renovate it's about 500€/m², more or less. It all depends on the owner's requirements.
Taxes in Poland are low. For a normal status, it's 8.5% per year on all your rents. This is cheaper than in France with its 30%. Of course, there are situations where it is possible to optimize this tax by paying nothing for 10 years.
This is an important point in your research. You should not simply buy an apartment and rent it. The location is very important.
You should not make the mistake of taking an apartment because it is not expensive. You must take into account the demand on the market for a rental investment. As said throughout this article, we know that there is a strong tourist flow and 200,000 students every year in the city of Krakow.
You have to remember this, it is very important to know your criteria. There are several choices in Krakow to invest in real estate. Buying small areas for short term rentals or buying a large area divided into several rooms to get a higher return.
In conclusion, investing in real estate in Krakow is getting easier and easier, but without a real estate advisor on site, the risk to make mistakes is higher.
Any question about living or investing in Poland ? Contact us.