Real estate investment in Poland

Foreigners can freely buy, sell and rent out apartments in Poland. You need permission from the Ministry of Internal Affairs of Poland to purchase a land plot with a house.

Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 2.1%. Five years ago, an apartment of 100 m² cost an average of €189,000, and today it is sold for €270,000.

€2,697 Average price per 1 m²
of housing in Poland

2,1% Average price per 1 m²
increase per quarter

2,35—29% Buyers’ related expenses,
of the transaction amount

How the residential property price index is growing in Poland

Cost of a 3-bedroom apartment in Poland

€1.5 million

Apartment in the centre of Warsaw

€500,000

Apartment in Warsaw,
in a 10-minute drive from the centre

€300,000

Apartment in Gdansk

What do investors buy?

The most expensive real estate is in the capital, Warsaw, and the major cities of Krakow and Gdansk.

Apartments

penthouses and duplexes
apartments

Houses

villas and mansions
townhouses

Poland residence permit or citizenship by real estate investment

Obtaining a Poland residence permit or citizenship is not connected with purchasing real estate.

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Taxes and associated costs

Purchase

Ownership

Sale

Property buyers pay a value-added tax for new builds or a transfer tax for resale properties and additional fees.

Associated costs will range from 2.35% to 29% of the purchase agreement value. When buying a new apartment worth €500,000, the investor will spend €620,000, including additional costs.

2.35—29% Of the contract value are related costs for the purchase of housing in Poland

Purchase expenses

New buildings

VAT

23%

Of the transaction amount

Secondary housing

Transfer tax

2%

Of the transaction amount

Registration fee

0.1%

Notary fee

Depends on the transaction amount

0.25—3%

Agency fee

If a real estate agency is involved in the transaction

3%

Taxes

Owners pay an annual tax, which depends on the property area. The regional governments set the tax rate. By law, the maximum rate is €0.17 per square metre of housing.

Rental income is included in the income tax base. The income tax rate is progressive from 18% to 32%.

€1,944 Approximate annual costs for maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection

€100—250

per month

Internet, TV and telephone

€9—17