TheMoveChannel.com, the leading international property portal, announces a number of new Polish property developments in Warsaw in readiness for Euro 2012:
· 4 Bed apartment (from £164,080, completion 4th quarter 2009, attractive payment system)
· 1 Bed apartment (from £53,110, completion 3rd quarter 2009, secured complex)
Properties in Poland may not be an investment opportunity UK investors have considered in the past, so TheMoveChannel.com provides an overview of Warsaw and its culture.
Rental Potential
Rents have been relatively stable over the last three years. Average rents in central Warsaw vary from €14.30 (£11.51) to €17.06 (£13.73) per square metres per month.
Warsaw yields are slowly reducing, with the best returns coming from the smallest properties. A studio size apartment of 30 square metres will generate the highest return of 5.92 per cent, while a property of 1820 square metres or above gives a return of 5.49 per cent.
Overview
Originally a war torn city, Warsaw has transformed into the most popular attraction for tourists visiting Poland.
Straddling the Vistula River, approximately 370 kilometres from the Baltic Sea and the Carpathian Mountains, Warsaw is the largest city in Poland and the eighth largest in the European Union.
In 1944, during the Second World War, Warsaw was given a death sentence by the Nazis. The population was expelled or deported to concentration camps while the city was systematically destroyed by the Germans.
Libraries, museums, churches, palaces and personal belongings were set alight or blown up, as the city lost 80 per cent of its buildings. A year later, after the Germans were finally defeated, the rebuilding of Warsaw began.
What’s the Attraction?
Warsaw’s Old Town was founded in the 13th Century and has been reconstructed totally since its destruction during World War II.
At the entrance O the Old Town is the Royal Castle, which is at the beginning of a two-and-a-half mile (4km) stretch known as the Royal Way.
It is the city’s most important thoroughfare bisecting the centre from north to south and is lined with museums, galleries and historical buildings, including St Anne’s Church, where the Polish princes used to swear their allegiance to the King.
Along the route are the royal gardens of Park Lazienki, a monument dedicated to the Polish composer, Frédéric Chopin and the King’s palace at Wilanów on the outskirts of the city.
Warsaw Architecture
The eclectic mix of the city’s architectural styles reflects the turbulent history of Warsaw, which was razed to the ground by planned destruction and bombing raids.
Rebuilding began after the war and many prefabricated housing projects with basic design typical of Eastern bloc countries were erected.
Warsaw has been carefully reconstructed and UNESCO appreciated the city’s monuments and relics, and honoured Warsaw by putting it on its World Heritage list in 1980.
Since the collapse of communism, Warsaw has gained brand new squares, parks and monuments, with the city’s current urban landscape depicting modern and contemporary architecture.
Infrastructure & Investment
The average price of new flats in Warsaw rose 28 per cent last year, which was slightly down on the increase of 2006 of 33 per cent and the same as 2005, according to REAS, the country’s premier housing consulting firm.
Warsaw, like many large metropolises, has a problem with traffic jams, particularly in the centre during rush hour, so the city gives priority to the development of public transport.
Warsaw’s public transport includes buses, metro and regional rail and the city will soon have further modernisation of the underground and tram systems in an attempt to improve transportation and decrease congestion.
Dan Johnson, Managing Director, comments
“A city with a turbulent past of Nazi destruction and Communist rule, Warsaw is now rebuilt and renewed, establishing itself once more as a city to be proud of.â€
For more information on Polish properties in general please visit http://poland.themovechannel.com/
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Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
Dan Johnson
Managing Director
www.TheMoveChannel.com
0207 952 7650
