property for sale poland - poland property investment
Sucha

Located just 1 km from the city centre of Lodz the development of ul. Sucha is a multi family development of 60 apartments together with retail units on the ground floor. There is also underground parking and all units come with the option of a full Technical University of Lodz fit out to a high standard.

The building is built to different levels rising to twelve stories at it's highest and was completed in March 2008. There is access to both tram and buses directly outside the building and a shopping centre is on the opposite side of the road.

The city of Lodz is Poland's second largest with a population of over 900,000. It is located 137 km from Warsaw and a motorway will soon be completed to link the two cities. Upon the completion of the high-speed train between Warsaw and Lodz (with transit times of about 1.5 hr) it is anticipated that many people will live in Lodz and commute to Warsaw to work.

A scenario like this would lead to increased demand for residential property in Lodz. It has for some time been one of the poorer cities in Poland and has not seen the dramatic rise in property values as experienced in other cities such as Warsaw, Wroclaw and Krakow.

This however is beginning to change as due to the availability of an educated workforce we are beginning to see large multinational direct investment into the economy with companies like Bosch, Siemens, Gillette, and ABB already set up.

Low capital outlay - 25% deposit now and balance in March 08

Mortgages will be arranged for this amount

Lodz prices still low but starting to rise quickly

Up to 100% Mortgages available to the local market

Limited number of apartments available

Demand for housing in Poland will outstrip supply by 1.7 million units in 2006

Different capital appreciation reports forecast at 25% to 50% in Lodz for 2007

Strong rental demand due small numbers of new housing being completed

Reputable Developer