Buy A Home In Poland

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Buying A Home In Poland

Since joining the EU in 2004, Poland and its near 40 Million inhabitants has been booming. The country covers some 312,683 sq km of Central Europe with its population concentrated mainly in large cities such as the historical capital Krak�w the present capital Warsaw and the Baltic City Gdansk famous for the Solidarity labour union led by Lech Walesa. Today, international companies such as Tesco and GSK are flocking to Poland in ever increasing numbers. Poland is set to receive the lion�s share of EU funding (up to EUR70 billion!) over the next eight years helping to make the country a European property hotspot!

Mortgages of up to 80% LTV (Loan To Value) are available on relativley low interest rates for terms of up to 30 years. One big advantage is that buyers can borrow in different currencies and tend to avoid the Polish zloty which has risen more than 15% since EU membership in 2004 (adding 15% to the value of the corresponding mortgage). Loans in Swiss Francs have the lowest interest rate at just 3.1%, rising to around 4% for US dollar or Euro loans. Our advice is to try and borrow in the currency you earn, this way you can be confident you can afford the payments and don't need to fret about exchange rates.