How to buy property in Poland for a foreigner?
To begin with, let’s find out why everyone wants to buy a property in Poland. And there are several reasons. Firstly, real estate prices in Poland are more affordable than in many other European countries. Secondly, the high rental yield allows you to get a stable income from real estate investments. In addition, Poland is a member of the European Union, which provides stability and reliability in the economy. Finally, Poland has a convenient geographical location and a well-developed infrastructure, which makes it attractive for living.
All these factors are very attractive for foreigners who want to own real estate here. That is why our M&M Biuro office is located in the centre of Warsaw. We help with real estate, business, legalization of foreigners in Poland and much more.
What do I need to buy property in Poland for a foreigner?
1.Contact M&M Biuro, we will take care of all paperwork.
We do all paperwork related to buying property in Poland. We are a company designed to help you make a quick, clean and profitable purchase with as little personal involvement as possible. We work on the Polish market for years, so we know exactly how to do things right.
2. Determine your budget
Before you start looking for real estate in Poland, you need to determine your budget. You need to know how much you can spend on the purchase and how much you can afford each month for property maintenance and upkeep.
3.Find the right property
There are many websites where you can find apartments and houses in Poland. Some of them are: otodom.pl, gratka.pl, domiporta.pl, morizon.pl. You can use these sites to find the right property. Select the city, region and type of property you want and you will get lots of options to suit all tastes.
4. Check the legal clearance of the property
You can’t skip this point to avoid running into serious trouble. Before you buy a property in Poland you should check its legal clearance. Make sure the property has no tax or utility payment arrears, and that it is not the subject of litigation.
5. Draw up a contract of sale
If you have found a suitable property and checked its legal clearance, the next step is to draw up a contract of sale. It must be in Polish and contain all the necessary details of the deal. Especially in this point consult a professional, because buying an apartment from a Pole and not carefully read the contract, you can sign something that will create a lot of problems.
6. Register the transaction at the real estate registry
Once the sale agreement is signed, you need to register the transaction at the real estate registry. This will provide legal protection for your property.
7. You need to get a permit for the purchase of a plot of land, regardless of the status of the person, whether he is a foreigner or a Pole
In this case, the buyer must obtain permission from the Ministry of Internal Affairs of the Republic of Poland (Ministerstwo Spraw Wewnętrznych i Administracji).
In conclusion, buying property in Poland for a foreign investor can be quite a complicated procedure, but with the right approach it can be a profitable and promising investment. Follow our advice and you can buy property in Poland without problems:)
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