Skip to Content

WoW Insider is getting ready for BlizzCon!

Cracking open the real estate market in Krakow; Is Poland the new Park Slope?

More
Text SizeAAA

Filed under: Real Estate, Travel, Investing

Krakow, PolandTime was when the sage advice was to "go west young man" in search of fame, fortune and nifty real estate deals. But in 2009, heading east may be a better idea. At least if you are starting out in the U.S. And, when I say east, I mean like all the way to Poland! Now hold on to your Polish zlotys while I explain this one:

Seems Poland, Krakow in particular, is a darn good place to not only indulge in a sausage or two, but also to buy up chunks of real estate at prices that are down anywhere from 9% to 17%.

And, folks, we're not talking coffin sized Manhattan-style studio condos, either. A New York Times piece tells about a duplex apartment that comes complete with a master bedroom that happens to have a whirlpool tub; a basement level complete with sauna; central air conditioning to keep you cool and radiant-floor heating in the bathrooms to keep your feet warm. And, all this and more can be had for only 1.4 million Polish zlotys. Don't choke on your pirogi, that's a mere $478,000. Anyone have an airline schedule to Poland handy?

Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

What are the Next Hot-Spots in the Luxury Resort Scene?
Luxist Awards asked three of our Expert Panelists, all veterans of the travel industry, about the ...
The Luxist Awards for Best Accessories
Do you know of a magnificent jewelry line with pieces that are to die for? Which is the finest ...

Mortgage Basics

Beth Pinsker
Beth Pinsker Filed under: Black Friday

Black Friday Live Blog: What's your doorbuster of choice?

This is the home of our Black Friday LiveBlog, where our correspondents from across the country will be reporting in on the action, the mayhem and the bargaineering. For the latest news up until the ...
Joshua Dorkin
Joshua Dorkin Filed under: Home, Real Estate, Mortgages

Got that sinking feeling? 1 in 4 mortgages now underwater

Is America the next Atlantis? It isn't as absurd as it sounds considering the rate at which new homeowners are finding themselves with property worth less than the mortgage financing it. ...
Lita Epstein
Lita Epstein Filed under: Banks, Credit, Debt, Fraud, Recession, Credit cards

Five words to never to say to your lender

Getting a loan can be a difficult task in this economic environment. Many lenders won't even consider an application for a mortgage unless your credit score is above 740. Others will consider an ...
Marlene Alexander
Marlene Alexander Filed under: Saving Money, Shopping, Charity, Black Friday

On Friday, pink is the new black

If you want your Christmas shopping dollars to go further and support a great cause, then the Pink Friday charity fundraiser is the answer. Systemax Inc., whose companies include CompUSA, Tiger ...

Featured Partner

What is Your Home Worth?



Headlines from WalletPop Partners