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Property Investment
Olechow
lodz, poland


Reasons to Invest
One of the fastest growing Polish cities
Low capital outlay, only 30% deposit
Key location for new light industries
Commuting distance from Warsaw
Mortgages available in excess of 70%
Development Features
Located 6km from centre of Lodz
Studios, one and two bedrooms available
Block 7 available with 44 units
Commercial units available
Priced from only €58,026* (Ł44,000 approx.**)
Summary
One city raising eyebrows for a significant rise in inward investment is Poland's second city Lodz. Located roughly 1 hour and a half from Warsaw, Lodz has become a new focal point for light industry in Poland. This was demonstrated by the recent opening of the new Dell Computer factory eventually creating up to 3000 jobs in the short term.
The Olechow development is a great opportunity for those who wish to invest in an up and comming area which will offer the best possible scope for capital growth, and with a minium initial investment.
The Project
The project is located in the Olechow district near Wojewódzkiego, Cynarskiego and Zakladowa streets. This unique property investment comprises of seven buildings with garages, situated in a quiet area. There will be also a green belt and carpark. It is approximately 6 km from the city centre.
Block 7 is now being released for sale and it contains 44 apartments including studios, one and two bed apartments. All apartments come with parking and a full fit out package. Full public transport facilities are located nearby. Block 7 is due for completion in Spring '08. The development is located 300 metres from the site of the much publicised and recently completed Dell factory. As mentioned above this factory will initially employ 3,000 people but is expected to grow over the coming years.
The Location - Lodz
The city of Lodz is Poland's second largest with a population of over 900,000. It is located 137 km from Warsaw and a motorway will soon be completed to link the two cities. 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. It has for some time been one of the poorer cities in Poland and has not seen the dramatic rise in property values as experienced in other cities such as Warsaw, Wroclaw and Krakow.
This however is beginning to change as, due to the availability of an educated workforce, we are beginning to see large multinational direct investment into the economy with companies like Bosch, Siemens, Gillette, ABB and of course Dell already set up.
Investment Details
Low capital outlay – 30% deposit with 70% due on completion in Spring 08. Mortgages due to be arranged for this amount.
Lodz prices still low but starting to rise quickly.
Up to 100% Mortgages available for the local market.
Limited number of apartments available.
Demand for housing in Poland outstripping supply
Different capital appreciation reports forecast at 25% to 50% in Lodz for 2008.
Strong rental demand due small numbers of new housing being completed.
Reputable Developer - in the area for 15 years.



Payment Schedule
Priced from only €58,026* (Ł44,000 approx.**). Please use our enquiry form to apply now.
Reservation
€3,000
Payment Schedule
30%/0%
Completion
March 2008
*Currency equivalents are based on approximate conversion at time of writing and are subject to fluctuation. To save money on currency exchange use Staymove FX. **Prices are based on availability at time of writing; both availability and pricing are subject to change without notice.






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