Ukrainians became largest investors in Polish real estate – Ukrainians became largest investors in Polish real estate among foreigners
Among foreigners, the largest number of apartments in Poland are bought by citizens of Ukraine. In 2019, foreigners bought 8 500 apartments in Poland. Among them, 3,200 apartments were bought by Ukrainian citizens, which is 37.6% of the total. These statistics are cited by PAP with reference to the real estate portal Gethhome.pl.
According to experts, most often foreigners buy apartments in large cities: Warsaw, Krakow, Wroclaw, Poznan and Gdansk. The total area of the apartments acquired by citizens of other states is 204 thousand square meters. Taking into account the average cost of 1 square meter. Foreigners paid more than 1.8 billion zlotys (around 400 million euros) for housing worth 9,000 zlotys (2,000 euros) last year.
Related: EU threatens to exclude Poland and Hungary from the stimulus package
Experts note that Ukrainians in Poland are most likely to buy apartments to meet their housing needs, while Western Europeans like Germans see it as an investment.
According to experts, the upward trend in the volume of housing bought by foreigners in Poland will continue in the coming years, although it is likely to decline this year due to the coronavirus pandemic.
Related: US Department of Justice seeks information about Hunter Biden’s financial activities