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Poland's revved-up banking industry is facing a wave of refinancing requests as interest rates plummet for the first time since the sector embraced fixed-rate mortgages....
The Germans Are Invading Poland (This Time With Real Estate Investment Capital)
Via Remix News,
Polish media outlets and some citizens are lamenting German real estate investors who are swooping into the Polish city of Wrocław and buying up 1,486 apartments, after an agreement was signed on Aug. 16 of this year. However, Wrocław is only one city, and across the country, these same German investors are buying up 5,300 parents in total, for which the Germans will pay €564 million.
In Wrocław, the major investment involves numerous buildings on Horbaczewskiego, Jaworska, Zakładowa, and Grabiszyńska Streets.
Not everyone is happy about the deal.
“Germans are buying nearly 1,500 apartments in Wrocław. They will take over entire apartment blocks, along with their residents. And this is just the beginning of Western companies entering our real estate market. European companies have many times greater capital, so they will easily outbid Polish companies. Either we introduce appropriate taxat...
A Polish residential rental provider Resi4Rent, partly owned by Echo Investment, agreed to sell some real estate assets to TAG Immobilien's unit for €565 million ($660 million)....
Deutschland: Stimmungsindikatoren dürften etwas Licht ins Dunkle bringen --- Ein neuer Zyklus beginnt am deutschen Immobilienmarkt --- Öffentliche Finanzen: Steuereinnahmen runter, Schulden rauf? --- Präsidentschaftswahl in Polen: Ende der Blockaden in Reichweite