For Sale - Apartment

Key Features

• Poland is now ranked 5th in the World on the Foreign Direct Investment confidence index, & attracts nearly £7bn direct investment per annum
• With a strengthening bank sector, decreasing unemployment and increasing wages (4.5% this year), affordability in Poland is rapidly increasing
• Only 60% of Poles are homeowners, but increasing, providing a strong rental and re-sale market (Capital Gains Tax is currently 0%).
• Gdansk has some of the highest rental yields, the lowest property prices and the lowest unemployment figures in Poland
• Gdansk is historically the main port for Poland and is now an industrial centre of chemical, food-processing and more and more hi-tech and telecom industries
• Bretowska Brama is being developed by the region’s most experienced, prestigious and reliable developers with over 20 years experience
• Bretowska Brama has a central location and provides secure living with a high standard of facilities; fitness club, gardens, playground, underground parking
• Up to 80% LTV mortgages subject to status


Description

Since joining the EU Poland has been attracting significant foreign investment, currently $6.5bn/yr, and is now rated 5th in the World FDI Confidence Index. With a young & rapidly urbanizing population, wages increasing at 4.5%/yr, disposable income rapidly increasing & unemployment falling (30% to 18% since 2003), now is a good time to invest in Poland. With a very confident banking sector, mortgages are being offered at up to 80% loan-to-value (subject to status) to foreigners.


Location

Gdansk, on the Polish north coast, is historically the main port for Poland and is still Poland’s largest reloading centre. With companies like Intel moving in, Gdansk is being transformed into an economic & industrial centre. Once a centre for culture, with enchanting streets and architecture, and now with frequent flights from London and Europe, it is now emerging as one of Europe’s most popular tourist destinations. With the lowest unemployment, low property prices, very high yields & some of the lowest property supply in Poland, Gdansk is the choice city to invest in. Bretowska Brama itself is strategically located near the new commercial centre Galeria Baltycka and close to the electric train network running across Tri-City.


The Properties

Bretowska Brama is a modern, landmark, 17-storey residence of 163 flats protected by 24hr CCTV security, with luxury facilities such as fitness rooms (multi-gyms, running machines, exercise bikes) and saunas, and surrounded by green areas & playgrounds. Apartments are provided with large burglar-proof balconies whilst storage cellars are provided to residents as is remotely controlled garage gates leading to the underground parking spaces. All apartments are delivered in black-finish (basic shell fit-out), with several local companies offering to furnish and manage the apartments. Yields are highest for these types of residences, with secure underground parking & quality facilities, and this location is highly desirable.


Amenities

• 24hr CCTV gated security and underground parking for all owners
• Basement recreational facilities; fitness rooms and saunas
• Private gardens, outdoor social areas and playgrounds
• All apartments provided with sun-deck balconies


Prices

1-bed apartments— 500sqft—46sqm—PLN290k ~ £52k
2-bed apartment—700sqft—65sqm—PLN 394k ~ £70k
3-bed apartment—920sqft—85sqm—PLN 632k ~ £113k


Payment Schedule

• Reservation deposit
• 10% within 14 days, upon signing Preliminary Purchase Contract
• 10% within 30 days of signing PPC
• Ongoing payments during off-plan period (mortgage covered, subject to status)