Poland
Finding a reputable law firm in Poland can be a minefield - why not let The International Property Law Centre LLP take the stress out of the legal aspects of your Polish property purchase.
The International Property Law Centre LLP provides specialist Polish-speaking lawyers, who are based in the UK and who can help you with your property purchase in Poland, via a step by step guide. Our independent team of solicitors offer a straightforward alternative to the complexity of sourcing legal services overseas, saving you valuable time and money.
Why not make the procedure of buying your property in Poland as stress free as possible by instructing The International Property Law Centre LLP to handle your conveyancing. The practice offers not only a comprehensive Polish conveyancing service, but also assistance in a wide range of legal matters, in your chosen jurisdiction.
The investment risks in Poland are minimal now. Poland is a natural “disaster safe” area and an important part of a stable political and economical organization. There are no signs of the artificial investment hype, or a balloon that may end up in the rapid depreciation of the value. Poland is getting richer, the economy is getting stronger, the people are getting wealthier and this process is still continuing.
The choice of investment properties in Poland is still amazing. It is full of standard properties, like apartments in the biggest cities, such as the capital Warsaw, economically exploding Poznan or Wroclaw, beautiful Cracow and industrial Lodz. All trends confirm that the value of property will increase at a solid and stable pace.
On top of the standard types of properties, Poland can charm you with beautiful palaces you can own, mountain chalets, seaside apartments or villas and agricultural land. There is something for everybody’s taste. Poland gives you a chance to own something not only beautiful, but very profitable too.
The purchase procedure in Poland, despite being complicated, is transparent and in accordance with international standards. In addition, there are a number of reliable companies, like our trusted partners EuroCity Estate Ltd (www.eurocityestate.co.uk) focused on providing real-estate investment opportunities in Poland to foreign buyers. The International Property Law Centre, together with our partner, will be able to advice you on choice of property as well as organise complete purchase process and after sales services.
Basic legal procedure
The purchase of an apartment or a house in Poland usually means that you can purchase the building with the land. At completion an apartment or a house and allocated share of the land will automatically transfer into your ownership.
When you have agreed to purchase a property, we will draw up a preliminary or primary contract setting out all of the agreed details and stating the initial deposit amount to be paid (normally 10% to 20%). In case of an off plan purchase the contract will be normally drawn up by the developer and should be checked by your lawyer.
Upon signing the preliminary contract, it should be made conditional upon the property being removed from the market. It is extremely important that you use the expertise of an independent lawyer to undertake the initial searches and checks on title deed documentation, licences and permissions, debts on title and the terms of the contract.
Completion of the purchase takes place in front of the local Notary Public. This is the final stage when both the buyer and the seller, or their representatives, meet together and complete the transfer by signing the final contract. The buyer usually pays for the completion expenses, which include the notary’s fee, local tax equivalent to the UK stamp duty and the registration charges.
Following completion the buyer has an obligation to register the property with local authorities as well as for maintenance services such as garbage removal and connect the property to the utilities.
Useful links:
Ministry of Interior and Administration – general information on Poland
What next?
If you are thinking of buying a property in Poland why not talk to an expert in international law who can help you avoid any pitfalls. Please contact us to discuss your purchase or call us now on 0844 578 5003.
The International Property Law Centre LLP
London Office: Frazer House, 32-38 Leman Street, London E1 8EW.
Tel: 0844 578 4003. Fax: 0844 578 4001.
(Telephone from abroad: +44 (0)207 173 6180. Fax from abroad: +44 (0)1482 240 192.)
Hull Office: 14 Scale Lane, Hull HU1 1LA.
Tel: 01482 224 900. Fax: 01482 240 192.
(Telephone from abroad: +44 (0)1482 224 900. Fax from abroad: +44 (0)1482 240 192.)
Email: info@iplc.co.uk
Regulated by the Solicitors Regulation Authority.
Registered address: 14 Scale Lane, Hull HU1 1LA.
The International Property Law Centre LLP is registered in England number: OC337700.
A list of the members of the LLP is displayed at the registered office as above.
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