Poland – Commercial Real Estate Vs. Residential Property?
In the UK we are used to thinking in complexes
whether residential, retail or commercial. In Poland the
there are large shopping and retail centers, but in almost
each residential development part or all of the land
The apartment is designed and built for offices, shops or services.
It is a historical idea from a time when automobile use was much
less frequent and providing essential amenities in each
goods made sense. Today, residents can own cars, but
they still need a small grocery store, daycare, language school,
bank or any number of other services for which a car ride
it would be an unnecessary trial.
Most of the modern developments are closed, but if the complex is not
large enough to support the commercial units that are often
turned to face the streets outside, thus serving both the
residents in and around blocks
neighborhood.
Polish agents rarely signal business units to foreigners.
buyers, and foreign buyers rarely ask for them, but
can offer better returns, lower costs in the long run,
less demanding and more stable tenants and capital gains
that’s as promising as residential apartments
on the upper floors.
Yields, in fact, can be as much as double those of
residential apartments since the purchase cost is low and
companies that use the units are usually extremely
profitable. If what you are looking for is capital gains and an immediate
cash flow then this option is worth investigating
before signing the reservation form in a residential
property.
Also, as most of the new developments in Poland are finished
buyers of the fictional state must also budget for equipment and,
in residential units, most of the financial burden
comes from kitchens and bathrooms. In commercial properties
the bathroom is usually small or just a WC so the cost of
bringing a shell unit to profitable or salable is much
lower.
With less “equipment” on the property, there is obviously less to
go wrong in the long run. No washing machines to break
downstairs, cabinets to damage, mattresses to replace, etc.
Commercial units are an ideal, low-maintenance purchase to rent
option.
In residential apartments, the majority of tenants are ultimately
looking to buy their own place when they can afford it and
so the turnover of people passing by is inevitably
high. Commercial tenants, on the other hand, are there to
stay and his motivation is to build a stable business. IN
longer lease – for a period of five or ten years – is much more
common than with residential tenants.
Even if they decide to move, it’s in their finances
interest to try to sell or lease your business as a going concern
concern, especially if it involves retail or service-related sales, and
so the chances of owners experiencing vacant periods are
Much lower.
Finally, if you buy your unit in an area popular with
vacationers, like Gdansk or Zakopane, and they only rent it
to a business related to tourism, this falls under the “second
“house rule,” which means you don’t have to ask for a
government purchase permit. A cafeteria clearly aimed at
tourists, bicycle or ski rental, or a shop with beach items
they are all of good potential and leave the investor free to buy
another property elsewhere.
At a time when the herd makes its way to the residential property,
those who understand cultural difference in the way
Polish developments are designed are more likely to achieve
better performance both now and in the future and experience
fewer problems in the long run.