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Dom Kredytowy Immofinance
ul. Sudecka 74
53-129 Wrocław

tel.: 071 795 44 33
tel.: 071 785 44 33
immofinance@immofinance.pl




Wrocław

Multicultural city of Wrocław is one of the fastest developing places in Poland. The proof of this fact is the statistics and forecasts that assume 5% economic growth in this city. Local authorities consistently implement the Longterm Investment Plan.

This city attracts people. It offers a high level of education and interesting cultural events. In one word — It's worth to be here!

Basic information about the city:

  • Area — 293 km2
  • Population — 634 000
  • Population in working age — 423 000
  • Unemployment rate — 11%
  • Average net salary — 2 700 PLN

Investments

Last five years prove that Wrocław became an attractive place for foreign  investors. The following companies established their headquarters here:
Production: Volvo, Cadbury, Cussons, 3M, Whirlpool, Wabco, Bombardier, LG Phillips
Services: Allied Iris Bank, Credit Agricole, Santander
Electronics: Siemens, Hewlett-Packard.

Especially the companies from the last brand like Wrocław and its surroundings creating so called Polish Silicon Valley.

However this is a beginning of foreign capital flow. Other companies are also planning their investments here (ProLogis, Toyota, Bosh, Pentair, American Axle & Manufacturing). The estimates say that around several thousands new employment positions will be created in the coming years. Considering the amount of unemployed and assuming that they, in the first place, will fill the absorptive labor market, so that we may face the shortage of employees in Dolny Slask in few years. Local authorities are making invaluable efforts to create an attractive environment for future investments. They launched promotional programme of the city that aims to attract students to Wrocław. Also abroad there are actions to encourage the emigrants to come back. The certainty that the city offers a well educated human potential is one of the factors that attracts investors.

Other factors that influence the growth of the investment market:

  • Good geographical location (close to several European capitals)
  • Highly qualified man power
  • Good technical infrastructure
  • Developing communication infrastructure
  • Activities of local authorities (including stable political scene)

Wrocław is perceived as a city of the lowest investment risk. The feeling of safety in this aspect affects the tendency to invest in this region.

Real Estates

Intensive economic growth of the region is also reflected in the real estate section. The demand for residential and commercial properties is still growing. Presently the supply is unable to meet the demand. Comparing to other big cities in Poland, the number of newly built apartments is the lowest in Wrocław. However the demand is increasing. The demand for apartments is stimulated by the above mentioned investors who ensure new and stable employment positions. The feeling of having secure and constant salaries decrease the fear to take a loan and buy an apartment.


source: GUS

Present estimates say that every year there are ca. 2 000 new apartments being built. Even the approximate growth to 3 000 in 2007 will not decrease the market's absorptiveness. Unfortunately the actual data show that in the first 6 months of 2006 less apartments were built than in the same period of 2005. The investing potential of the developers has been hampered by either lack of Plan for Future Development or unresolved legal status of the land where the buildings will be constructed. This slows the development of the residential market and still does not meet the demand. The forecast anticipate that such a situation will last through 10 coming years.


source: own materials

The obvious consequence will be a constant value growth of real estates both for sale and for lease. Average price of 1sqm in 2005 was at the level of 2 000 PLN. Today the sources say that in the third quarter of 2006 the price exceeded 5400 PLN.

And you invest too!

If in the information presented above you observe the growing tendency of all investments in Dolny Śląsk, think about it. Maybe it is high time for you to benefit from this tendency, too. Invest in Wrocław! Invest in real estate as a safe and profitable investment for your money.

Your decision is most important; we will take care of the rest. We will find an attractive investment for you. We will help you to find a way to finance it. We will offer legal and tax advice so that you will have no doubts.