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Property for sale information

 
Siemianowice Slaskie, Katowice  
Reference nr: SB567414
Description:

We have secured an allocation of 1 and 2 bedroom apartments, priced at under PLN 6000 per sq mtrs; only 20% deposit; completion for July 2009.

PropertyGem are proud to offer superior one and two bedroom apartments, priced at PLN 5885 per square meter, amongst the most reasonably priced apartments currently available in any city location, scheduled to be completed in July 2009, and requiring only 20% deposit, with nothing more to pay until completion.

The Park Side development is a luxury project of low rise apartments, located in the Siemianowice Slaskie district, which is on the north west side of the city of Katowice, and conveneniently located for several large public parks, and a wide range of leisure and shopping facilities. There is also easy access to the city centre by way of modern public transport. Our attraction to this property location is the strong local demand for new accommodation in this area. Where local people wish to move out of the existing dilapidated buildings, but still remain in the area and live in a modern, new build development. Local demand is critical to any property investment made as there needs to be an exit strategy should you wish to sell your property.

We particularly like the city of Katowice as an investment destination, because it has a very strong local economy, with many large and prestgious employers relocating to the area, which means that there is low unemployment and high salaries, which combine to create a strong local property market, both in terms of sales and rentals, which is crucial to ensuring strong capital growth in the property market. Most comentators are predicting 10-15% p.a. increases in property prices over the next few years, and new build apartments of this type will be in high demand.

Katowice has one of the most successful Special Economic Zones (SEZ), which has been instrumental in attracting billions of Euros of investment from over 140 companies that have relocated to the region in the last few years, including companies such as Fiat, Isuzu, Heineken and ING Group, who have invested over $1bn in new facilities alone. The Katowice SEZ has been particularly successful because of the favourable treatment of new companies investing in the region; benefits that include up to 40% tax relief on incurred investment costs, and tax relief on all new jobs created within the zone (over 25,000 new jobs have been created over the last 4 years).

We have a thorough information pack, together with pricing and availabilty information available, so please contact for more information.

Bedrooms: Bathrooms: Price (€):
1 1 75,964
2 1 105,556
Features:
City
Submission Date:
01-09-2008
Last Update:
04-04-2008
Advertiser Details:


Name:
Stewart Black

Company:
Property Gem

Phone:
0044 20 7430 0262
Fax:

Mobile:

 
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Calculators

 
Property price: €75,964
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations