World Bank loan may boost Polish resale market

The World Bank has agreed to give the Polish government the €975 million it asked for in the summer to help fund a series of fiscal reforms and wider economic changes aimed at improving conditions for businesses, develop more skilled workers and making public finances more efficient. The World Bank is also willing to send experts into Poland to help the government implement the changes.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the news: "Poland is a very hard market to predict, but one thing that is for sure is that the type of reforms this money is to fund are badly needed. Millions of Polish citizens dispersed throughout Europe in search of employment that would pay decent wages, because of the gap between house prices and incomes brought on at least in part by Poland's appearance as an international property investment destination , and also in part by the government's failure to prepare for the emergence of such a gap. The inability of Poles to obtain mortgages was also a major problem, but this was also down to their having low incomes compare to house prices."

"If these reforms can increase the ability of working-class Polish citizens to make a decent living in their own country," continued Bailey. "Then it could prove to be very good news for the Polish resale market in years to come."

Property Abroad have some excellent properties in Poland , and according to director Les Calvert, the portal still receives a fair share of enquiries about Poland, when asked if these enquiries were primarily investors, Les replied:

"No, to be honest it's not fair to say primarily any type of buyer; it's a bit of a mix really."

Les also took the time to select his favourite Polish property:

The Bison Estates development is an off-plan complex of semi-detached and terraced houses priced from just £22,750 for a 1 bedroom unit. The development is located near Krakow and also close to a beautiful Polish nature reserve. The 1 bedroom units come complete with: Bathroom, Lounge, Garage, Parking Space, Driveway, Gardens, Central Heating, Double Glazing, Electricity and Telephone Points Installed.

For further information, visit property-abroad.com