Ground Floor Apartment in Praga, Warsaw

Poland’s entrance into the European Union (EU) in 2004 has seen more positive trends in terms of the country’s development. Since 2004, the Polish economy has been consistently increasing, whilst displaying good growth rates. Today, almost 15 years following its entrance to the EU, it is defined as the strongest economy in Eastern Europe, and the sixth in largest in the EU.

Following the fast growth of Polish economy, Forbes Magazine has recently stated that “Poland is one of the world economy’s great success stories right now”. Additionally, according to a report published in 2018 by Ernst & Young, Poland is breaking new ground as the most attractive destination among all Central and Eastern European countries (CEE) for real estate investments.

Warsaw is at the forefront of the Poland’s development process, serving as a major attraction for Investors, Developers, tourists and the younger generation. Over the last decades, Warsaw has been undergoing a fast process of urban development and is currently considered as a flourishing European capital. Warsaw’s city centre and its surrounding neighbourhoods are packed full of restaurants, pubs, and coffee shops, and offer a vibrant night life.

The Housing Price Index in Warsaw has increased by 10% during the last year, following consistent increases in previous years as well (NBP - Polish National Bank).

The Praga South district lies of the eastern banks of the Wisla River, near the City Centre. It is home to around 180,000 residents, which comprises about ten percent of the city’s population. Praga South is currently amid an intensive renewal process. Over the last few years, many young artists have come to reside here, adding to the youthful and bohemian atmosphere.

One of the trendiest points in the quarter is the Soho Factory – an industrial area converted into a vibrant centre containing art galleries, architecture and designer offices, restaurants, supermarkets and other amenities.

The Borough's distance from the centre is about a 10-minute drive, and there’s the subway and other public transport options available for commute. Praga was recently featured by one of the UK’s leading newspapers (The Independent) as one of the 10 coolest quarters in Europe.

Characteristics: 26 Omulewska is a residential complex made up of three buildings, containing 453 apartments. The project includes an underground parking lot, as well as a large green inner courtyard.

Location: This project is located at the centre of Praga South, not far from the Soho area and the national football stadium, used as the Polish national team’s home ground since its completion in 2012. The area includes schools and kindergartens, as well as large shopping centres.

The Developer: Matexi Group is the largest and the leading residential real estate developer in Belgium and have been building residential projects across Europe since their establishment around 70 years ago. The company currently has 350 employees around the world.

Capital Gain

• The Housing Price Index in Poland has been increasing at a rapid pace since 2014.
• According to the Polish National Bank (NBP) the Housing Price Index in Warsaw has increased by 10% during the last year.

Rental Yield

• The rental yield rate in Warsaw is approximately 6-7% per annum.
• Please find attached the Requested Rental Price Table we have prepared for you.