Send to a friend

News

Poland promises - 13 October 2008

A sure sign that an economy is on the downslope is when economic migrants who have been attracted by the opportunities, promise and optimism of a better set of circumstances begin to leave for either their country of origin or another, more buoyant state.

The Daily Mail today reports that up to 100,000 Poles left this country in the past year to return home to Eastern Europe, having either accomplished the economic aims they set out to achieve, or in search of better opportunities back at home. While this might be dismaying news for anyone looking to get any decent plumbing work done in the next few months, for the thousands of British investors who have bought property in Poland, it could represent a significant opportunity.

A significant proportion of the returnees will doubtless go back to the family home and be able to live a little more comfortably with their earnings from the UK, but others will seek new opportunities in the regenerated towns and cities of Poland. These people, whether they will be alone in their new situation or bring family members with them, will be looking for rental accommodation or property to buy that is likely to be of a higher standard than they previously found available, or were able to afford.

The opportunities for British investors to not only secure long-term rental tenants for their properties, but also to be able to realize their investments through sales. Investment in not only the capital, Warsaw, but also in the provincial centres of trade and business has attracted new companies to the region, in turn bringing internal migrants to the large towns and cities in search of work.

The increased return migration Poland is due to experience should increase demand in the rental and property buying sectors, possibly driving up prices and yields – a situation many British investors would no doubt welcome in the current economic climate.

Post this article to:

del.icio.us Digg Newsvine Reddit MyYahoo! Facebook

 

Related Articles


Browse our articles written by leading industry experts:

Overseas Property Buying Guides

UK Property Guides

Gardens and Interiors

Cosmetic Surgery Fact Sheets

Looking Good Guides

Money

Business

Community

Travel