Demand from foreign investors for Polish flats grew 16 percent last year to 3,754 units, according to the country’s Ministry of Internal Affairs and Administration. Warsaw attracted the largest portion of interest from these buyers, the reports showed, with 1,006 units (71,700 sqm of space) sold last year. This was followed by Kraków (473 flats) and Wrocław (276 flats).
The report points out that while Germans dominated Poland’s residential investment sector, buyers from Ukraine were also active last year, growing 89.5 percent in the past two years. The trend is being driven by political unrest , resulting from growing political unrest in the country.
Interestingly, the number of the Cypress buyers of Polish flats expanded last year as well. Most of them, however, are Cyprus-registered companies, meaning they could be Polish buyers (or any other nationality) looking for tax optimization.
