A Guide to Buying Property in Poland
Non-nationals buying
a home in Poland
have to apply for permission from the Polish Home Office, which must be
obtained before the sale is completed, alternatively, as in the rest of
Eastern Europe, you could buy through a Polish company.
Apart from this, the process of buying
property in Poland is relatively simple. Negotiations over
price and any other issues may occur with all parties present, using
the same notary - who will then draw up an 'initial contract' outlining
the details and any conditions that must be met before the sale
completes (e.g. repairs). You pay a non-refundable deposit and the date
for completion is set. All the necessary checks are made and proof must
be provided that there are no loans secured on the house.
Purchase Costs
- Agency fees: 3% from buyer
- Legal fees: 0.1% plus VAT
- Taxes: 5% of sale price
- Registration fees: 2%
- Resale tax: 10% if you sell within five years, unless the
proceeds are invested in another Polish property