How to Buy an Apartment in Poland as a Foreigner: A Step-by-Step Guide

As a foreigner living and working in Poland, you may be considering buying an apartment in this beautiful country. However, the process of buying a property in Poland can be complex, and it’s important to understand the legal and financial aspects before making a purchase. In this article, we’ll guide you through the process of buying an apartment in Poland as a foreigner, step-by-step.

Step 1: Determine Your Budget and Financing Options

Before you start looking for an apartment in Poland, it’s important to determine your budget and financing options. You can finance your purchase through a mortgage loan from a Polish bank, but keep in mind that the process may be different for foreigners. Some banks require a higher down payment and may have stricter requirements for non-Polish residents. We will guide you from the start, asses your creditworthiness and show you maximum amount that you can get from the banks. Later on we will get you aquainted with current offers from Polish banks and help you to pick the cheapset and best option afer individual evaluation of your fiancial situation.

Step 2: Find the Right Property

Once you have determined your budget and financing options, it’s time to start searching for the right property. You can do this by contacting a real estate agent or browsing online property listings. Keep in mind that some properties may be restricted for sale to foreigners, so it’s important to check the legal status of the property before making an offer. We will help you review the market, check for interesting offers and arrange a meeting with the sellers to discuss the details of the purchase.

Step 3: Conduct Due Diligence

Before making an offer on a property, it’s important to conduct due diligence. This includes reviewing the property’s legal status, obtaining a property survey, and checking for any outstanding debts or liens. You should also hire a bilingual lawyer who specializes in real estate law to review the purchase agreement. POLASSETS will check the mortgage register, organize legal advisory and halp you to confirm the markte value of the apartment.

Step 4: Sign the Purchase Agreement

Once you have completed due diligence and are satisfied with the property, you can sign the purchase agreement. This is a legally binding contract that outlines the terms and conditions of the purchase. You should sign the agreement in the presence of a notary public with the translator. If you want to buy the property with the mortgage loan there is an option to signe preliminary contract with the seller for the mortgage process purpose. Contact us and we will prepare individual plan of every step of the purchase.

Step 5: Register the Property

After signing the purchase agreement, you will need to register the property with the local land registry office. This is a legal requirement and will ensure that you have legal ownership of the property.

Conclusion

Buying an apartment in Poland as a foreigner can be a complex process, but by following these steps and working with professionals who specialize in real estate law and financing for foreigners, you can successfully navigate the process. With the right preparation and guidance, you can make a sound investment in a beautiful country that you can call home.

POLASSETS will help you on every stage of the process. We will help you to choose the right property and organize the transaction. You can count on us also with mortgage and appraisal. We are at you disposal. Contact us and we will do the rest.