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Poland is
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Poland is...
A great place to live and work
50%
 50%  [ 6 ]
A good place to live and work
25%
 25%  [ 3 ]
An OK place to live and work
25%
 25%  [ 3 ]
A bad place to live and work
0%
 0%  [ 0 ]
Don't come here! Noooooooo!!!!
0%
 0%  [ 0 ]
Total Votes : 12

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Grrrmachine



Joined: 27 Jul 2005
Posts: 265
Location: Warsaw, Poland

PostPosted: Mon Aug 22, 2005 7:54 am    Post subject: Reply with quote

I'm going to make a synopsis of the FACTUAL elements of this post, in the hope that it will remove room for this incessant bickering.

For prospective teachers reading this thread who are contemplating Poland as a financial move - then YES, you CAN earn a decent amount of cash (relative) compared to other EUROPEAN countries. However, if you want that cash, you're going to have to work for it, and hunt it down, as there are plenty of a) gruding employees who will give you a low wage b) decent employees who will pay you for your time, but won't give you that much time, because of the holiday periods. Bear in mind, too, that life in Poland isn't massively cheap - yes, everything's half price compared to Engalnd, but then the wages are half price too.

If you're in the job for the cash, go to the Far or Middle Eastern countries. However, if you DONT want massive class sizes or skin-blistering heat, and still want to earn something, you could do a lot worse than Poland.

And from now on, PLEASE try not to make any more personal attacks (that applies to EVERYONE here) because it detracts waaaaay too much from the point of the forum
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biffinbridge



Joined: 05 May 2003
Posts: 701
Location: Frank's Wild Years

PostPosted: Tue Aug 23, 2005 12:12 pm    Post subject: Well said Grr... Reply with quote

Well said Grrrr!
Poland's great, you'll have a real laugh there and Alex is right in you earn as much as you are prepared to work.
What gets me on the Polish forum is the large number of self-important posters who take all this far too seriously. Kymero certainly wasn't speaking on my behalf ,(or my friends') ,when he expounded the views of the 'ex-pat teaching community of Poland'.Who the hell does he think he is?While I've been away has there been some sort of EFL election in Poland?Has Kymero become the president of EFL Poland?
Of course ,it's silly.Most of the teachers I know or have met in Poland are not here for the teaching so this self-importance is really nothing more than a veneer and a battle of egos,which have been inflated by years of getting chicks who are way out of our leagues back home.Viva Polska.
C'mon we're all here for the women and booze?Lighten up!
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Alex Shulgin



Joined: 20 Jul 2003
Posts: 553

PostPosted: Tue Aug 23, 2005 8:20 pm    Post subject: Re: Well said Grr... Reply with quote

biffinbridge wrote:
Who the hell does he think he is?While I've been away has there been some sort of EFL election in Poland?Has Kymero become the president of EFL Poland?


Sorry biff. There has been. He won. But he isn't president of EFL Polska. His title is now "God".
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XXX



Joined: 14 Feb 2003
Posts: 174
Location: Where ever people wish to learn English

PostPosted: Tue Aug 23, 2005 9:43 pm    Post subject: Reply with quote

Now boys, play nice.
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gregoryfromcali



Joined: 25 Feb 2005
Posts: 1207
Location: People's Republic of Shanghai

PostPosted: Fri Aug 26, 2005 5:32 am    Post subject: Reply with quote

Back to the original topic.

I voted that Poland is a good place to live. Simply because in the long run it isn't the easiest place to save lots of money. As someone said in Poland we generally work 30 weeks a year, which is great for travelling but it also makes it difficult to save up.

Then again what more could you ask for?

The food's good, the beer is good, the women are beautiful and you can travel in any direction and find something interesting to see.

I also hear that Americans no longer need visas for the Ukraine!

Poland is definately a place worth teaching English in.
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patrykt



Joined: 18 Aug 2004
Posts: 51

PostPosted: Tue Aug 30, 2005 1:07 am    Post subject: Reply with quote

All this talk of buying property in Poland begs me to ask the question: Is it a good time to buy in Poland or not? I already own one flat in Poznan and my wife and I would like to buy a second and rent out the first. I've been told to borrow as much as possible in Swiss Francs and go from there. What do you guys think? BTW, I don't believe all this talk of buying a place in Poland for $250K on a teacher's salary.
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Alex Shulgin



Joined: 20 Jul 2003
Posts: 553

PostPosted: Tue Aug 30, 2005 2:35 pm    Post subject: Reply with quote

patrykt wrote:
All this talk of buying property in Poland begs me to ask the question: Is it a good time to buy in Poland or not? I already own one flat in Poznan and my wife and I would like to buy a second and rent out the first. I've been told to borrow as much as possible in Swiss Francs and go from there. What do you guys think? BTW, I don't believe all this talk of buying a place in Poland for $250K on a teacher's salary.



If you are going to rent out a flat make sure that it is rented out as an office. Even if you are renting it out to somebody who is going to live there you must officially rent it as an office. If you rent out an apartment as a residence it is very very difficult to get somebody out if they stop paying you rent and the maximum you can claim back from them is 100% of the rent they owe you, can't claim anything to cover your expenses.

BTW: paying a 750,000 zloty mortgage with a teacher's wage would be very difficult. Paying a 350,000 zloty mortgage on two teachers' wages is much easier.
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patrykt



Joined: 18 Aug 2004
Posts: 51

PostPosted: Tue Aug 30, 2005 10:08 pm    Post subject: Reply with quote

No wlasnie Alex!
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Tumteetum



Joined: 04 Feb 2005
Posts: 144

PostPosted: Wed Aug 31, 2005 1:34 pm    Post subject: Reply with quote

patrykt wrote:
All this talk of buying property in Poland begs me to ask the question: Is it a good time to buy in Poland or not? I already own one flat in Poznan and my wife and I would like to buy a second and rent out the first. I've been told to borrow as much as possible in Swiss Francs and go from there. What do you guys think? BTW, I don't believe all this talk of buying a place in Poland for $250K on a teacher's salary.


No disrespect to the posters on here but as youre asking for advice on buying property on an ESL forum then quite honestly maybe property investement isnt for you. As someone who has invested in the UK my advice would be to do as much research as you can before you buying for investment - from finance, to localtion and individual property, potential letting market, likelihood of value increase, gearing possibilities etc etc.. there are books and courses on it some good some not so good. Invest in one of them first.
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patrykt



Joined: 18 Aug 2004
Posts: 51

PostPosted: Thu Sep 01, 2005 12:33 am    Post subject: Reply with quote

Tum,

I understand where you're coming from, but I doubt that there are courses or books about buying property in Poland. I'm just trolling for local info. I like to hear what people have to say and they I can sift through what I hear.

I'm not interested in buying a second property to rent, but rather to live in. I already own a flat just off the Rynek in Poznan and know that renting that unit wouldn't be too difficult. Now the joy of being a landlord IS something I am wondering about. Alex had some advice, which is I was glad to get.

What is your take on it Tum?
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Tumteetum



Joined: 04 Feb 2005
Posts: 144

PostPosted: Thu Sep 01, 2005 11:51 am    Post subject: Reply with quote

patrykt wrote:
Tum,

I understand where you're coming from, but I doubt that there are courses or books about buying property in Poland. I'm just trolling for local info. I like to hear what people have to say and they I can sift through what I hear.

I'm not interested in buying a second property to rent, but rather to live in. I already own a flat just off the Rynek in Poznan and know that renting that unit wouldn't be too difficult. Now the joy of being a landlord IS something I am wondering about. Alex had some advice, which is I was glad to get.

What is your take on it Tum?


Fair comment. There is material out there about buying in Eastern Europe and if you dig in the right places you can get more specific info on Poland through property clubs and general networking (among investors etc). Personally one of the reasons Im here is to buy property - thats why I chose Wroclaw. It seems that Poland is relatively ignored (on the surface) of property investment (from a UK perspective) while the focus is on countries like Bulgaria, Czech etc which are getting over priced and saturated. I think parts of Poland are definitely worth a sniff.

As for being a landlord - well I can only say for UK but the basics are same anywhere. Your flats obviously rentable, I'd find a good local agent - shop around, meet them - listen to what they all have to say. I dont know about rental yields here but you'll be ok if you dont expect much in short term and aim more for the longer investment.

As for financing - check out ukma.co.uk and mortgages2.co.uk
Also I know an excellent broker in UK who seems to be able to get a mortgage for just about anyone to buy just about anything ! If youd like his contact PM me.
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Tumteetum



Joined: 04 Feb 2005
Posts: 144

PostPosted: Thu Sep 01, 2005 11:55 am    Post subject: Reply with quote

Just to add - most UK lenders will also lend for buying in Europe now.
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Alex Shulgin



Joined: 20 Jul 2003
Posts: 553

PostPosted: Thu Sep 01, 2005 2:24 pm    Post subject: Reply with quote

Tumteetum wrote:
As for financing - check out ukma.co.uk and mortgages2.co.uk
Also I know an excellent broker in UK who seems to be able to get a mortgage for just about anyone to buy just about anything ! If youd like his contact PM me.


You'd do better to just go direct to the bank in Poland. Deutsche bank are very good and offer much better conditions than the websites you link to. UKMA doesn't appear to offer mortgages in Poland and Mortgages2 is quoting 4% interest on Swiss Franc mortgages for "50% of valuation or purchase price (whichever is the lower) if Self-Employed or 70% if Employed". A friend has got 2.95% rate from DB for a Swiss Franc mortgage for 100% of the future valuation of the property (700,000 zloty, he's buying a place to renovate).
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patrykt



Joined: 18 Aug 2004
Posts: 51

PostPosted: Fri Sep 02, 2005 12:22 am    Post subject: Reply with quote

One problem with getting a loan in the UK Tum, I'm American. That means that I have to wait until I get the karta stalego pobytu, and only then can I get a loan from a Polish bank. BPH had the best in Poznan last time I checked. I only hope that the money I clear from rent in flat A will cover most of the mortgage payment for flat B. I reallly like the idea of somebody else making my mortgage payment, I am not so jazzed about being a landlord. Nevertheless, I think it is a good time to buy the right property in Poland.

By the way, when you said to get an agent, did you mean for buying and selling or for renting purposes? I know that here in the States there are agencies that handle property management and it may be worth having them deal with the headaches, but then again this is Poland we are talking about.
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Tumteetum



Joined: 04 Feb 2005
Posts: 144

PostPosted: Tue Sep 06, 2005 3:33 pm    Post subject: Reply with quote

patrykt wrote:
One problem with getting a loan in the UK Tum, I'm American. That means that I have to wait until I get the karta stalego pobytu, and only then can I get a loan from a Polish bank. BPH had the best in Poznan last time I checked. I only hope that the money I clear from rent in flat A will cover most of the mortgage payment for flat B. I reallly like the idea of somebody else making my mortgage payment, I am not so jazzed about being a landlord. Nevertheless, I think it is a good time to buy the right property in Poland.

By the way, when you said to get an agent, did you mean for buying and selling or for renting purposes? I know that here in the States there are agencies that handle property management and it may be worth having them deal with the headaches, but then again this is Poland we are talking about.


Personally I have agents deal with my tenants and I wouldnt have it any other way. They find and vet prospective tenants, collect the rent and deal with any hassle. Ive found a a huge difference in attitudes and general way of doing things between Scotland and England (eg Ive found it much easier to cut my own deal with the agents in London whereas in Scotland the agents seem much stricter and like to do it their own way!) so Im sure things will differ still in Poland. Again I can only give general advice, not specific to Poland.

I always use a broker - a good one is well worth the money especially if your purchase or status isnt run of the mill. In saying that I always know exactly what type of mortgage I want and I know more or less what kind of rates and products I can get. (I used to be a mortgage advisor)
And I'll always use agents - I will speak to several agents in the area as they all have different angles and advice and Ill chose one I get on with.

If its letable and your figures add up - mortgage payments to rent/voids/repairs etc - then you should be ok.
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