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Unique loft-style apartments, finished to a high standard throughout 5% deposit to be paid on signing PPA, 10% after 6 months then nothing more until completion in 2009 90% LTV mortgages are available at a current interest rate of 5.15% Zablocie is under-going revitalisation and economic development and is one of the only areas in Krakow to be fully master planned Krakow’s residential market has one of the highest levels of demand outside of Warsaw Housing shortage estimated at 50,000 units in 2006 Savills report capital appreciation to be between 15-20% Successful transition economy with GDP growth at 6.5% in 2007 Rapidly growing, confident banking sector
Zablocie, a post-industrial area, has emerged as a prime area for development, particularly since the Kotlarski Bridge opened connecting Zablocie to the city in 2002. Zablocie is currently undergoing a project of revitalisation and economic development. A prestigious and historic area of the city, it is close to the banks of the Wisla River and just 1 km from the prime centre with good rail and future fast tram connections. Plus it is one of the only areas in Krakow to have obtained a full master plan ensuring that developers are able to obtain planning permissions. As such Zablocie will become a key area for new residential properties and much sought after by the increasingly wealthy population of Krakow.
Properties
The Zablocie Mill development will consist of 57 unique loft style apartments designed to blend in with the existing historical mill building, but also offer a high standard of living and spacious interiors with a post-industrial character. Only 15% of the total purchase price is required before completion. Plus mortgages of 90% LTV are available enabling investments with ~£15,967.5 cash (plus purchase costs).
Payment Schedule
Deposit of PLN 10,000 to be paid upon signing the reservation agreement 5% of the total purchase price to be paid upon signing of the PPA 10% of the total purchase price to be paid 6 months after signing the PPA 85% of the total purchase price to be paid upon completion (predicted to be Oct 2009)
