The real estate market in Poland offers a variety of properties available for purchase, both existing houses and apartments as well as new built ones.
Along with the economical growth, creation of the Polish special economic zones
by the Government and the increased number of foreigners interested in opening a business here
, Poland’s property market
is also gradually improving. It is estimated that the real-estate market will grow considerable within the next two years, due to the rising demand.
The documents that govern the regulations and means regarding the acquisition of properties in Poland (apartments, houses, land) are The Act on Land Acquisition by Foreigners of March 24, 1920 and the Ordinance of April 24, 2004.
Permit for purchase of a Polish property
A permit is an administrative decision issued as a response to a foreigner’s application. This application should contain data about the applicant’s identity, his legal status, the property to be purchased, the seller, the form of the purchased real estate and must also explain the purpose of the property purchase.
Starting with 2004 when Poland became a member of the EU, citizens of the member countries (plus Iceland, Lichtenstein, Norway) can freely purchase properties in Poland. A permit is still required for the purchase of agricultural or forest real estate.
Citizens that are not members of the European Economic Area (EEA) or Switzerland must obtain a permit from the Minister of Interior and Administration to purchase any kind of property in Poland. One of the conditions of issuing the permit is that the foreigner proves his connection with Poland.
Our specialized Polish law firm
that can provide assistance in the process of application for purchasing a property
. The application should be examined within 2 months and the permit will remain valid for 2 years from the date of issue. The purchase process is done under the guidance of a notary that draws the contract outlining the details and conditions that must be satisfied. Property registration in Poland
usually takes 29 to 75 days.
The good news is that in 2016 the restrictions on property purchase by non Polish nationals will be lifted for the EEA and Swiss citizens.