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Situated close to the centre of Lodz, the Kaskada project is an ideal buy-to-let investment, with only 10% deposit required and completion schedules for 2010.
PropertyGem are proud to offer studio, 1 and 2 bedroom apartments in this innovative residential development, which will attract many investors looking for a project in this extremely popular city, with a low deposit required and nothing more to pay until 2010.
This development is well located in the City centre of Lodz, which is the second largest City in Poland , and considered to be the trendiest.
Lodz is fast becoming an attractive centre for large businesses and is becoming known as the next big location for investing. With good capital growth and rental yield potential, the prices of property here are expected to increase by 15-20% in 2007.
In a recent study conducted by the mortgage banking arm of BPH, the decided leader of the regional rankings is Lodz. The city is centrally located and will be the beneficiary of a newly planned highway. Other attributes of the market here include low prices of land and housing.
Upon the completion of the high-speed train between Warsaw and Lodz (with transit times of about 1.5 hr) it is anticipated that many people will live in Lodz and commute to Warsaw to work. A scenario like this would lead to increased demand for residential property in Lodz.
According to the bankers, Lodz has tremendous potential and great possibilities. The prognosis is that the many sectors will develop here, such as the service sector, logistics, and office.