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Key selling points
- Located Close To The Cntre Of The City
- Superb Development Aimed at The Buy-to-Let Market
- Strong Local Demand For 1 and 2 Bedroom Apartments
- Apartments Are Ready For Final Finish Now
- Similar Developments Being Offered At 10-15% Higher
We have hand picked 6 apartments in this development close to the centre of Lodz, which are now completed and waiting for final finish. The apartments are ideal buy-to-let investments, being a mixture of 1 and 2 bedroom units, ideal for the local market. Lodz has continues to enjoy strong capital growth, and rental yields are in the range of 5-6% at the present time. Poland has a competitive mortgage market, and we have contacts with many of the large Polish banks, who are able to advise on all matters related to funding the purchase of investment property in Poland. Currently, banks will loan up to 90% of the purchase price (sts). In a recent study conducted by the mortgage banking arm of BPH, Lodz was the location identified as offering the best all round investment environment. The city is centrally located and will be the beneficiary of a newly planned highway. Other attributes of the market here include low prices of land and housing. Upon the completion of the high-speed train between Warsaw and Lodz (with transit times of about 1.5 hr) it is anticipated that many people will live in Lodz and commute to Warsaw to work. A scenario like this would lead to increased demand for residential property in Lodz. According to the bankers, Lodz has tremendous potential and great possibilities. The prognosis is that the many sectors will develop here, such as the service sector, logistics, and office.
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