Purchase of Real Estate in Poland

Purchase of real estate in Poland

Poland has grown into a popular location for real estate investment, offering strong rental yields and potential capital appreciation. However, property buying in a new country can be complicated and requires knowledge of local laws. In this article, we discuss the procedure for purchasing real estate in Poland and provide an overview of key factors to consider.

Skup nieruchomoƛci Polska, citizens of EEA states (including Norway and Switzerland) and legal entities from EEA countries can freely acquire real estate in Poland, including land, houses, and apartments, on par with Polish nationals. Non-EU/EEA legal entities and citizens may be required to obtain a permit from the Ministry of Internal Affairs, although purchase of an apartment typically does not necessitate such a permit.

Navigating the Maze: Essential Tips for First-Time Real Estate Buyers

The most common method of buying real estate in Poland is to enter into a sale agreement with the seller that is drawn up by a civil-law notary. In some cases, it is also necessary to sign other contracts relating to the property being purchased, such as agreements on the purchase of furnishings, financing, zoning, etc.

Regardless of the method chosen, it is important to seek professional advice from both real estate brokers and lawyers who are experienced with international property transactions in Poland. This will help to avoid any missteps that could lead to future complications with title issues, legal disputes, or tax consequences. Additionally, establishing a limited liability company that will manage the properties purchased may offer additional benefits such as tax advantages and liability protection.

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