WORLD SIXTEEN (World 16)
BUYING INVESTMENT PROPERTIES IN POLAND
World 16 Fractional Property Ownership Investments are made simple and profitable because of the companies we use throughout the process. Before entering into any type of investment it is a good idea to consult specialists to ensure that you reduce the risk of making mistakes. Below are some hints and tips that can help when making your way into Property Investment.
Get Legal Advice
It is always vital to ensure that you have a good solicitor representing you throughout your purchase of your investment property. When you are purchasing overseas property, sometimes you will need a notary, which will save you flying back and forth to get forms signed. A good legal representative will bring to attention anything that may affect your desire to purchase. They will also advise you about any obligations that you have as an investor, these are things that the seller may withhold from you in an attempt to sell you an unsuitable property.
World 16 Recommends
Piers Propert Notary & Legal Services
“Piers Propert have been an excellent company to work with and have handled our overseas purchases very well. We are very happy with the service and would not hesitate to recommend them.”
Finance & Currency Exchange
When purchasing overseas, it can be very tricky and time consuming trying to secure finance, especially when you have tight deadlines for purchases. Some foreign banks can take weeks or even months to process an application and sometimes give you the run around for a long time. Working with a good overseas broker is a must and can save you both time and money.
World 16 Recommends
HiFX
“HiFX are a very large company, but this does not mean you are treated as a number. They provide you with your own personal account manager who can assist you and also advise throughout the various stages of purchase.”
Letting and Management
Overseas investments and rentals can become very hard to manage, especially when dealing in a language you don’t speak. Get in touch with as many local agents as soon as possible and find out their thoughts on your property. You can even do this before you purchase for even greater peace of mind.
World 16 Recommends
Research!
"Don’t try and go it alone, try to find other investors in the area and see what mistakes they have made. Once you do this, you will be able to avoid these mistakes further down the line. Renting Polish property can be quite tricky, especially with new build property. The best thing to do is discuss this with your property agent to see if they have links with management companies. DO NOT accept “It will be ok, wait until we get closer to completion!” If you get this response and you don’t feel comfortable, do not go ahead. Remember, if you can’t rent out your property, you have another mortgage to pay each month!"
How World 16 can help
With experience in sourcing and purchasing Polish Investment Properties, we have a better understanding of how to make the process simpler and more efficiant. We have built up good relationships with agents and have knowledge on pricing and purchasing in the country. If you are interested in purchasing properties in Poland, please contact us and we will get you all of the information you require.