The Short Guide to the Real Estate Market in Poland

Your lawyers for real estate law in Poland and Beyond

The real estate market in Poland has been in a phase of intensive growth over the past few years. It represents a safe form of investment, protecting capital from inflation. It is for this reason that it is becoming an attractive target not only for Polish citizens, but also for foreigners  acquiring real estate as investment or for leisure.

Legal environment

In Poland land and mortgage register is kept in fully electronic way which allows every person knowing Polish easily check status of given land plot.  Such a solution considerably facilitates the work of courts, provides the possibility to file an application for entry online or guarantees access to view real – estate registers without leaving home.

The acquisition of real estate in Poland on the form of a notarial deed containing the signatures of a notary public, the buyer and the seller. However, it is possible to appoint a notarial proxy for this activity, who will be able to perform the legal acts specified in the power of attorney on behalf and for the benefit of the principal, which is a considerable convenience for foreigners.

Zoning restrictions are a key element of spatial planning in Poland. They are rules that impose obligations and restrictions on how land can be developed to ensure the rational and sustainable use of space. A distinction is made between residential, logistical and industrial development. An important authorisation is the local spatial development plan. Its main function is to cover the conditions of development and land use, which influences the type and nature of investments that can be made in a given location. It is a key element for investors as it defines the purpose of the land, i.e. what types of development and activities can be carried out on it.

Restrictions applicable to foreigners

Foreigners from EU member states enjoy freedom in purchasing real estate in Poland. The only limitations are applicable to agriculture land. The non-EU foreigners need to obtain permits, however apartments can be purchased by them without restrictions.

Summary

The Polish real estate market offers great opportunities internationally, provides a simple process for acquiring property and creates a sense of security and stability. Investing in Poland can certainly be a good choice, but it is worthwhile to take advantage of professional legal assistance that will help you go smoothly through all the steps of the real estate acquisition procedure.