TOP 10 new buildings in Warsaw according to the real estate agency East West Reals

«I’m moving to Poland» — chances are that each of us has heard these words from our friends. That is no surprise: the rapid development of the economy, a good standard of living, high-quality medicine and a prestigious education — those are the factors that attract an increasing number of immigrants to the country.

The capital of the Republic of Poland, Warsaw, has been the hub of the country’s political and economic life for many years. Even despite the pandemic, new establishments are opened here on a regular basis, unique exhibitions are being announced, and giant skyscrapers are being erected. Real estate in the capital is particularly popular among foreigners — the prices are pleasantly surprising for residents of both the EU and the CIS countries.

Residence permit

According to the law, the ownership of the real estate in Poland does not automatically mean the right to permanent residence. But there is a legal workaround:

• submit an application for obtaining the right to temporarily stay in the country;
• in the application, indicate the fact of ownership of housing as an essential argument for staying in Poland for a period of more than 3 months;
• apply for a residence permit after granting a temporary residence permit.

The voivode makes the decision on whether the purchase of real estate is considered a sufficient basis for granting a residence permit or not. However, convincing evidence of your connection with Poland significantly increases the chances of a positive decision. The formal procedures for issuing a permit last about 60 days. If necessary, the authorities have the right to request additional documents. In this case, the time for formalities will take a little longer.

Buying on credit

The purpose of the majority of migrant workers who arrive in Poland is to stay for permanent residence. Therefore, owning local real estate is a perfect solution, even if you buy it on credit. In fact, mortgage payments are often less than rent. For families with both spouses working, buying housing on credit becomes even more appealing.

A promising investment to your future

When purchasing real estate for living or profitable investments, buyers choose objects that are always in demand. Such investments will bring a profit if the house or apartment needs to be resold.

According to realtors, the most promising options are small one-room apartments (kawalerkas), located in the central areas of the city. Small two or three-room apartments (50-55 sq.m.) are also in constant demand.

Top 10 new buildings in Warsaw

New buildings in Warsaw are in particular demand — as a rule, at the ditch stage real estate is cheaper than secondary housing. For this reason, such property can become a profitable investment.

Our partner from Poland, the real estate agency East West Reals, offers to pay attention to the apartments and townhouses in the following residential complexes.