Poland is still viewed as a developing economy, as it has a low cost of living and a large population. As yet it hasn't garnered much interest from the tourism industry, but this looks set to change in the very near future. Footballs Euro 2012 competition is being held in the Ukraine and Poland, and is likely to bring in thousands of tourists who have never visited the country before.
Poland is about to start promoting the country ahead of the games, with a new campaign about to be unveiled. It has already invested substantially in infrastructure which includes new motorways and airports in preparation for 2012.
The country is investing far more money into the tourism industry, and looks set to become a major destination which will undoubtedly affect property prices.
At the moment prices are still low, but all this looks likely to change, not only because of the tourism opportunities but also because the economy is showing signs of growth.
The economic growth in Poland more than doubled last year, and this was largely helped by increased consumer spending and the recovery in Germany which is one of the country's main trading partners. Wages in Poland have begun to rise, and employment increased by 3.8% in January when compared with January 2010.
Foreigners are allowed to buy condominium units in Poland, but buying land is more difficult as a permit from the Ministry of Internal Affairs is required. Rental yields for apartments average 5.38%, and buying costs are generally quite low at between 5% and 10%, with all costs being borne by the buyer.
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