Foreigners as buyers of real property in Poland
||Foreigners as buyers of real property in Poland
||23rd Annual European Real Estate Society Conference in Regensburg, Germany
||Polish participation in the EU resulted in the need for the abolition of restrictions on real estate acquisition by entities from the EEA. Transitional periods were established and they related to the acquisition of the so-called second homes (5 years) and agricultural land and forest (12 years). The year 2016 marks the end of term limitations, however, in the EEA the principle of national treatment rules - the introduction of limits for citizens and national economic operators allows for application of these restrictions to entities from the EEA. Last year the new law was introduced in Poland in relation to agriculture land limiting its disposal because Polish politicians were affraid of free real property market. The aim of the study was to determine the size of the involvement of foreigners from and outside the EEA in transactions on the Polish real property market in years 2004-2015, particularly in relation to agriculture land to have the picture of significance of these transactions for the real property market. Having this background, the author analyzed changes of the annual intensity of transactions showed by foreigners from the EEA and compared it with transactions executed by foreigners outside the EEA. The author used method of economic analysis and examined the text of legal regulation.
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||Real Estate Economics
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