New and Updates:

Monthly Overseas Mortgage Report: Sep 2010

Highlights

• Enquiries for Poland increase by over 42%

Commentary

Last month we experienced a 42% increase in mortgage enquiries for Poland, with Warsaw, Krakow and Poznan proving the most popular destinations. Since the turn of the year Poland’s housing market has been staging a positive recovery due to better mortgage access, demographic growth and more realistically priced housing. However this sudden spike in interest may be off the back of last months European Commission report which anticipates Poland will have a 3.4% GDP increase in 2010. This implies Poland may now has a much healthier economy than many of its EU counterparts, and unlike many other popular destinations 100% mortgage are currently available in Poland which makes it make more appealing proposition to foreign investors who have little or no deposit to put down on a property.

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