Property Frontiers

Contact Us

UK: +44 (0) 1865 202700
Click for Live Chat

Apartments in Krakow, Poland

loft apartments from £156,975

Print this page

Zablocie Mill,
Krakow,
Poland

Studio Apartments from £156,975

2 Bed Apartments from £210,220

3 Bed Apartments from £254,000

4 Bed Apartments from £320,192

Unique loft-style apartments, finished to a high standard throughout
5% deposit to be paid on siging PPA, then nothing more until completion in 2009
90% LTV mortgages are available at a current interest rate of 5.15%
Prices have been set following a thorough valuation report by Savills in Poland

Summary

Unique loft-style apartments, finished to a high standard throughout
5% deposit to be paid on siging PPA, then nothing more until completion in 2009
90% LTV mortgages are available at a current interest rate of 5.15%
Prices have been set following a thorough valuation report by Savills in Poland
Yields of 5% per annum are expected due to its sought after location
Zablocie is one of the only areas in Krakow to be fully master planned and is under-going
# Krakow's residential market has one of the highest levels of demand outside of Warsaw
Housing shortage estimated at 50,000 units in 2006
Savills report capital appreciation to be between 15-20%
Successful transition economy with GDP growth at 6.5% in 2007
Rapidly growing, confident banking sector

Download Investment Prospectus PDF,1.42 MB

Get PDF Reader here

Description

Since gaining EU accession in 2004 Poland's economy has gone from strength to strength, with GDP growth at 6.5% last year. Foreign investment has been actively encouraged by the Polish government, creating a wealthier domestic population, with unemployment at an all time low and increasing salaries, which in turn has led to higher aspirations and spiralling demand for high quality housing and a rapidly growing, but confident mortgage sector.

Krakow is regarded as the cultural centre by many Poles. One of the few cities not to be destroyed in WWII the historic part of the city is a UNESCO World Heritage site. Its economy is one of the Poland's success stories and has rapidly developed, creating attractive employment opportunities and a successful and booming property market. In 2006 it was estimated that there was a shortage of 50,000 dwellings, all new apartments to the market sold pre-completion and a conservative capital appreciation of 20% is widely reported. Its residential market has one of the highest levels of demand outside of Warsaw.

Demand for high quality residential property, particularly those in a prestigious, attractive location. are in high demand in Krakow. There is a shortage of supply due to the nature of many of the properties in the historic centre and due to the length of time is takes developers to obtain planning permission. This has led to spiralling prices in the prime area of the city and the Muncipality of Krakow creating access to new, attractive land plots for investment. Top

Location

Zablocie, a post-industrial area, has emerged as a prime area for development, particularly since the Kotlarski Bridge opened connecting Zablocie to the city in 2002. Zablocie is currently under going a project of revitalisation and economic development. A prestigious and historic area of the city, it is close to the banks of the Wisla River and just 1 km from the prime centre with good rail and future fast tram connections. Plus it is one of the only areas in Krakow to have obtained a full master plan ensuring that developers are able to obtain planning permissions and as such will become a key area for new residential properties and much sought after by the increasingly wealthy population of Krakow. Top

Get personal advice from our dedicated experts

Let us call you back

Property

The Zablocie Mill development will consist of 57 unique loft style apartments design to blend in with the existing historical mill building, but also offer the high standard of living, spacious interiors with a post-industrial character.

Only 15% of the total purchase price is required before completion. Plus mortgages of 90% LTV are available enabling investments with ~£15,967.5 cash (plus purchase costs). Top

Amenities