Purchase an Apartment in Holm House Residential Complex, Warsaw

Poland is gradually turning into a well-developed European country. The living standards there are rather high already but the real estate prices have not caught up with the prices in Western European countries such as the neighboring Germany, for example. At the same time, the quality of the modern buildings is superb and the prices for apartments in Warsaw and other Polish cities are growing. If the current tendencies continue, an apartment in Warsaw can double in price in the next five years or so. This makes purchasing an apartment in the city now a very attractive option to consider.

We are bringing to your consideration the opportunity to invest in an apartment in the Holm House residential complex in Warsaw. The price starts at 3 000 EUR per square meter. The complex is located in the downtown area of Warsaw. The construction of the third section of the complex is expected to be completed by the end of the third quarter of 2022.

Does it make economic sense to invest in real property in Poland?

Experts agree that the prices for apartments in Warsaw are going to keep on growing and thus, you should not postpone investing in Polish real property.

According to the National Bank of Poland data, the prices for apartments in 7 major Polish cities have grown by 7.7% in per year terms in the first quarter of 2021.

The real estate market in Poland has changed significantly over the last ten years: it has matured and stabilized. The construction security regulations have also been toughened and this has increased the trust to the Polish real estate on the part of foreign investors. Some systematic costs have been involved in the stabilization processes, however, and these have had an impact on the growth of real property prices in Warsaw.

Poland is also attractive for foreign investors for macroeconomic reasons. They like the real value (inflation adjusted) of the property in the country, the number of average salaries required for purchasing an apartment there, the prices for goods and services in Poland and their dynamics in comparison to other EU countries, and so on.

In the times of the pandemic when the situation in the capital markets has become virtually unpredictable and when banks accept money from investors at negative interest rate, many wealthy people from other countries have started paying attention to the opportunity to invest on Polish real estate. The country looks more attractive at the moment than most other European jurisdictions as far as real property prices are concerned.  

It has to be noted here that apartments in Warsaw are in demand not only with foreign investors who want to make some earnings from reselling them or renting them out but also with local people. According to Eurostat, 43.9% of Poles between 25 and 34 years of age still live with their parents. Statistics also shows that 37.6% of Poles live in overcrowded apartments, which is a very high figure for a European country. This indicates that Poland is experiencing a shortage of residential accommodations estimated at two to three million apartments. For this reason, one should not hope that the prices for real property in Warsaw are going to become any lower in the foreseeable future.

Today’s apartment buyer is more demanding and better educated than before. He/ she has high expectations in regard to the property that he/ she is buying. Poles are becoming wealthier and they are prepared to pay something extra if they can get better quality in return. They do not simply purchase a place to live: they want innovative technologies, modern conveniences that improve the comfort of their everyday lives and are ecologically friendly at the same time.

This sort of a demanding customer makes the developers invest more money in the construction process, which contributes to the growth of the apartment prices in Warsaw and other Polish cities. The costs of the land, the construction materials, and the labor are not going to fall either, so there is nothing that could bring about a decrease in real estate prices in Poland over the next few years.  

Today, Polish banks offer mortgages at a low interest rate. Actually, mortgages have never been cheaper in the country. Many people use this opportunity and take our loans to buy apartments in Warsaw or elsewhere. The monthly payments have become more affordable as they have been reduced by a few hundred zloty over the recent years. 

We also have to note that the banks introduced certain restrictions at the start of the pandemic but these restrictions have been lifted now. This means that a larger number of people have an opportunity to take out mortgages. In addition to that, a growing group of Polish banks now gives mortgages to anyone who has paid only 10% of the price of the apartment from his/ her own pocket. Foreign nationals are eligible to apply for mortgages in Poland as well. The applicant, however, has to have a credit record. If you register a company in Poland, you can make it the borrower, then rent out your apartment, and use the rental payments to pay back the loan.

Real estate market in Poland: forecasts for 2022

Due to the factors described above, a rise in real property prices is forecast for 2022. Especially if the coronavirus pandemic ends soon, the market is going to stabilize fast. Another factor to bear in mind is that new energy efficiency regulations have been introduced in Poland this year. These regulations will make it impossible for real estate prices to fall. Developers are now required to use renewable energy sources and this means that the costs of construction are going to become higher. Hence, the prices of the apartments are going to grow as well.

A brief description of the Holm House residential complex

Holm House is currently under construction. It is located in Ksawerów, one of the central districts of the Polish capital between Domaniewska and Mariana Zdziechowskiego streets. The development company is called Skanska Residential Development Poland Sp. z o.o. The residential complex holds a BREEAM certificate that is issued to those developers who build residential accommodations in an ecologically friendly manner. 

The developer has satisfied all the energy efficiency requirements in the construction of Holm House. The residents of the complex will appreciate the diffusers with filters protecting the air from the city smog, the large windows letting in a lot of light, and the thermal insulation materials that will bring the heating bills to a minimum. Skanska Company has implemented several solutions to minimize the utility bills.

Holm House is the first residential complex in Poland to receive a ‘No obstacle’ certificate from the local Integration Foundation. This means that there are no obstacles there for disabled people and all sorts of facilities for active young families are of avail too.

The Holm House residential complex is located close to Mokotow Gallery and two subway stations. This makes it easily accessible from anywhere in Warsaw. Besides, there is a business center nearby so you can rent an office close to your place of residence if you need to.

Four of the six buildings have already been completed and the two remaining ones are under construction. These should be built not later than the third quarter of 2022. Apartments in Holm House sell extremely well and the number of apartments for sale is shrinking every week.

The third section of the complex has 232 apartments in two buildings 9 and 12 stories high (ground floor included). Each building also has an underground floor. 

At the moment when this text is written, 95 apartments between 28 and 133 square meters in size are available. The price of one square meter is 3 000 EUR.

You can choose from the following apartments in Holm House:

• Studio apartments between 28 and 47 m2 in size – from 100,000 euros.
• One-bedroom apartments between 33 and 50 m2 in size – from 120,000 euros.
• Two-bedroom apartments between 61 and 79 m2 in size – from 175,000 euros.
• Three-bedroom apartments between 63 and 133 m2 in size – from 190,000 euros.
• Four-bedroom apartments between 118 and 122 m2 in size – from 440,000 euros.

Parking lots are readily available for those residents of Holm House who have cars. Besides, there are 41 storage units near the buildings.

Main characteristics of the Holm House residential complex

• Construction dates: the construction was launched in the first quarter of 2017 and it is expected to be completed in the third quarter of 2022.
• Number of buildings: two apartment houses.
• Number of floors: one building has 9 floors, the other one has 12 floors (including the ground floor). Each building also has an underground floor.
• Number of apartments: 232.
• Apartment height: depending on the floor, the height of the apartments is between 2.6 and 2.8 meters.
• Ownership type: apartment ownership and land ownership rights.
• Additional space: a terrace, a balcony, and a garden.
• Storage units: 41.
• Parking space: 6 surface parking lots for guests; 244 underground parking lots for the residents.
• Facilities: a gated community, round-the-clock security surveillance, a children’s playground, Internet connection, cable TV, household services, elevators, and bike storage room.
• Nature: a park and a forest just a few steps away.

The neighborhood of Holm House

The Holm House residential complex has a perfect location: it is very close to the center of Warsaw and two subway stations – Wilanowska and Wierzbno. Besides, the office center in Domanewska Street will make your trips to the office and back short.  

Ksawerow district is part of the central business district of Warsaw called Mokotow. Around 219,000 people live there, which makes Mokotow the most densely populated part of Warsaw. Its area is only 35 square kilometers and there you will find buildings of different architecture. The district is located on the left bank of the Wisla River.

Mokotow is famous for luxurious high-rise apartment buildings such as Apartamenty przy Królikarnia, Rezydencja Merliniego or Eco-Park in Osiedle. You can find villas surrounded by trees as well as apartment houses in the neighborhood. Galeria Mokotów, a large trade center is located there as well as GTC, TOP 2000, Zepter, and Curtis Plaza business and office centers. There you will also find a number of recreational facilities including numerous parks, squares, and lawns as well as a nature reserve. Besides, there are 18 theaters, 10 museums, 5 movie theaters, and 15 art galleries in the neighborhood of Holm House.

Transportation

Numerous tram and bus lines run through Mokotow as well as a subway line. Kiev Bridge connects the area with the right-bank part of Warsaw. The main streets in the area are Wislostrada, Al. Niepodległości, Al. Wilanowska, Pulawska, and Voronich streets.

The residents of Holm House are going to have no trouble reaching various destinations in Warsaw. About 180 meters away there is a bus stop called Modzelewskiego 03 where several bus lines are available.

Education opportunities

The residents of Holm House will have direct access to three educational institutions for small children in the neighborhood. These include the following ones:

• Primary school № 146, 220 meters away;
• Kindergarten № 305, 320 meters away;
• Bilingual kindergarten, 350 meters away.

Healthcare facilities

Three medical centers are located close to Holm House:

Radzikowska Clinic, 200 meters away; 

Corten Medic, 340 meters away;

Medicover, 490 meters away.

Sports facilities

Three sportsgrounds are easily reachable from the Holm House residential complex. The closest one is 220 meters away and the furthest one is 270 meters away.

Main advantages of the Holm House residential complex

• Two buildings of two different architectural forms;
• Inner courts and a recreation zone accessible exclusively by the residents;
• A children’s playground with facilities made of safe materials;
• Garages and bike storage areas;
• Business area on the ground floors;
• Interiors from a famous Polish design studio – Mąka Sojka Architekci;
• An elegant and stylish façade with glass elements;
• Every apartment has a balcony, a stanza, or a terrace;
• Gardens with green fences;
• 24/7 security surveillance;
• Bike washing facilities in the garage;
• Low utility bills thanks to a special agreement between the developer and the utility supplier.

If you are interested in making an investment in an apartment in the Holm House residential complex, we will be happy to provide legal support to you. Besides, we can help with registering a company in Poland and opening a corporate bank account in the country.

We also invite you for a free consultation on choosing a foreign bank account – a personal or a corporate one.

If you have any questions related to purchasing an apartment in Holm House in Warsaw, please do not hesitate to write to info@offshore-pro.info. You are also welcome to use our live chat or a messenger to contact us. We always reply promptly!