House Hunting in … Poland

The master bedroom comes with an en-suite bathroom, in addition to a whirlpool bathtub and shower in the middle of the room, that includes a city view. The second bedroom, on the other side of the device, also has an en-suite bathroom. There exists a laundry room and a half-bathroom up coming to a room used as a report. The flat includes three parking spaces in an underground garage area, and the building has 24-hour protection, Mr. Laczynski said.

Gdynia, that includes a population of about 249,000, is portion of a tri-city place that includes Sopot and Gdansk, among the largest cities in Poland, with about 460,000 citizens. The apartment can be near Kosciuszko Square, a favorite gathering area, and is a short walk to the pier, theaters, eating places and Swietojanska Street, the city’s main purchasing area. Lech Walesa International Airport is approximately 13 miles aside, in Gdansk.

MARKET OVERVIEW

Home sales in Poland are booming, said Aleksandra Galabuda, a consultant with REAS Residential Advisors in Warsaw.

In the country’s six key residential markets, including the tri-city area, the amount of sales has been increasing by about 20 percent year over year since 2013, she said. That boost, agents said, can be attributed in part to low interest, declining unemployment and rising wages.

In Gdansk, typically 2,000 homes were sold each quarter within the last 18 months, in comparison to 1,400 25 % in 2015 and 1,200 in 2014, Ms. Galabuda said.

Newsletter Sign Up Read on the main story Sign Up for the Real Estate Newsletter Weekly, get updates on residential real estate news, within the five boroughs and beyond. Please verify you’re not a robot by hitting the box. Invalid email address. Please re-enter. You must select a newsletter a subscription to. Sign Up You agree to receive occasional updates and special offers for THE BRAND NEW York Times’s products and services. Many thanks for subscribing. An error has occurred. Please make an effort again later. View new York Times newsletters.

The tri-city area is among the strongest markets in Poland, said Arkadiusz Wojciechowski, managing director of Poland Sotheby’s International. Tourism, the port and a growing business environment have managed to get favored by investors and second-home customers, he said.

New developments are sought-after and frequently sell out quickly, especially on the waterfront, Mr. Wojciechowski said. The acceptance of short-term local rental sites like Airbnb has increased fascination in waterfront apartments that can be conveniently rented, he said, adding that people “are shopping for because they feel this is a good investment.”

Advertisement Continue studying the main story

In Poland’s luxury industry, the highest prices paid for second homes in 2016 were in Sopot, said Mikolaj Baca, regional director of the real estate agency Keller Williams Poland. Last year, sales rates there averaged 8,176 zlotys a square meter (about $211 a square foot), in comparison to 7,371 zlotys a square meter (or $190 a square foot), in Warsaw. And “forecasts for the next few years are better still,” he said.

WHO BUYS IN GDYNIA

Almost all buyers in the tri-city area are Polish, but the number of foreign buyers is growing, agents said. The largest groups are from nearby countries like Germany and Ukraine, Mr. Baca said, followed by those from Britain, France, Italy, Belarus, Russia and Sweden.

Mr. Wojciechowski said he’s seeing more customers from Scandinavia and “a little number” from Russia.

BUYING BASICS

Foreigners typically desire a permit to buy land in Poland, although there are exceptions for various kinds of real estate and for European Union residents, agents said, particularly if a buyer has lived in Poland for a lot more than five years or perhaps is married to a Polish national. Obtaining a permit usually takes less than 8 weeks, Mr. Wojciechowski said.

A good notary handles the details of the sales, including registering it with the local land records. Although the process is not complicated, most buyers retain the services of an adviser to greatly help with the vocabulary and local rules, Mr. Wojciechowski said. Mortgages are available to qualified foreign customers, with interest rates only 3.5 to 4 percent, agents said.

WEBSITES

Official Gdansk internet site: gdansk.pl/en/

North Poland coast tourism internet site: visitpomerania.eu/

Polish Expense and Trade Agency: paih.gov.pl/polish_law/purchase_of_real_estate_in_poland

LANGUAGE AND CURRENCY

Polish; zloty (1 zloty = $0.28)

TAXES AND FEES

Buyers must pay a transfer tax of 2 percent of the worthiness of the house, agents said. Agents’ charges are typically 3 percent of the sale price. The expense of a notary is determined by the selling price of the house, but cannot surpass 10,000 zlotys (or $2,800), which is approximately what it will be for this real estate, Mr. Wojciechowski said. Customers can also be prepared to pay small charges for registration and translations – about 3,000 zlotys (or $830) because of this home, Mr. Laczynski said.

The annual tax on this property is approximately 286 zlotys (or $80), Mr. Laczynski said. Setting up maintenance and home owner association charges are about 5,000 zlotys (or around $1,400) a month, including simple utilities, he said.

CONTACT

Pawel Laczynski, Poland Sotheby’s International Realty, 011-48-695-252-188; en.poland-sothebysrealty.pl

Read more on: http://nytimes.com