Purchasing a construction plot in Poland

Expert 23 listopada 2023

When foreigners are looking to purchase a building plot in Poland, they may encounter several specific problems, in addition to those already mentioned. Here are some of them:

1. Permission to Purchase: Foreigners from outside the European Economic Area (EEA) need to obtain permission from the Ministry of Internal Affairs and Administration to purchase property in Poland. This process can be time-consuming and require additional documentation.

2. Language Barrier: Not knowing Polish can be a challenge in understanding all legal, technical, and administrative aspects of the property purchase.

3. Differences in Legal Systems: The legal system in Poland may significantly differ from the system in the buyer’s home country, which can lead to misunderstandings and errors.

4. Financing the Purchase: Obtaining financing or a mortgage in a Polish bank can be more challenging for foreigners, especially those who do not have a steady income generated in Poland.

5. Tax Matters: Foreigners might not be aware of the Polish tax system, which includes property taxes and potential tax liabilities in their home country related to owning property in Poland.

6. Integration and Acceptance in the Local Community: In some cases, foreigners may face difficulties in integrating with the local community, affecting their experience of owning property in the region.

7. Assessing Investment Risk and Value: Without in-depth knowledge of the local real estate market, foreigners may find it challenging to assess the true value of the property and the potential investment risk.

8. Understanding Local Customs and Practices: Cultural differences and lack of knowledge of local practices in real estate transactions can lead to misunderstandings and mistakes in the purchasing process.