Polands Interest Rates Cut

Poland’s central bank recently cut its benchmark interest rate by 0.25% to 5.75%, joining a number of emerging markets that have lowered rates recently in a move to bolster economic growth.

Most analysts expected the National Bank of Poland to leave rates unchanged. This was the central bank’s first move since it raised interest rates by 0.25% in June. Following the rate cut, the Polish zloty edged up +0.4% against the euro.

Win Thin, senior currency strategist at Brown Brothers, said: “Retail sales and industrial production have slowed sharply in recent months, so the need to ease is clearly there. Indeed, the entire region will continue to cut rates as we move into 2009, especially after the surprise cuts by Hungary and Turkey earlier this month.”

Several emerging markets have cut rates in recent days, as the global financial crisis continues to take a significant toll on their economies.

Poland Property for Sale
Gorczewska Park, Poland, Warsaw.

1 bedroom Apartments, 47sqm

Price: € 132,418 Reference No: Warsaw JWC005

Górczewska Park is modern housing estate in Wola Quarter of Warsaw. Situated between Górczewska and Olbrachta Streets in Warsaw. Created by the best architects. This location will become the most attractive part of the Warsaw owing to vicinity of shopping and entertainment centre and planned underground station. The best investment! Promotional prices! Following stages of the planned construction final: 2nd 2009.

Current Financial News for Investors in Polish Property

The polish bank BZWBK (part owned by AIB) produce a monthly news letter on the polish econmy and financial markets. This is interesting reading for Polish Property investors. It is a free service. Log on to the BZWBK website,
http: / /english .bzwbk .pl , click on Economic service on Left hand side and download monthly MACROscope

Chose the right time to purchase, but dont leave it too long!

Demand for flats still remains subdued as potential clients are
postponing purchases, hoping for a deeper price correction.
However, it is likely that delayed demand is likely to show up
eventually, and thus a scope for price drop is limited. Especially
that rents in big cities have been growing, which implies that
delaying house purchase is getting increasingly costly.

Miasteczko Wilanów Warsaw

A residential development of over 8.000 units,
A commercial zone of approx. 80.000 sqm, including:
supermarket (9.900 sqm)
do-it-yourself facility (9.000 sqm)
200 retail stores
restaurants (3.700 sqm)
leisure (8.250 sqm)
Offices and others zone:
A 50.000 sqm technology park
Other business developments are being negotiated.

Public areas and parks will constitute 50% of the project.
Wilanów is one of the 18 districts that compose the administrative distribution of the city of Warsaw.
Wilanów is located in the south-east corner of Warsaw.
Warsaw is perceived as a garden-city, with wide variety of open green spaces (Natoliñski Park, Kabacki Forest and large areas next to Vistula River).
Warsaw is famous for the Palace of the King Jan III Sobieski.
Favoured area for embassies and diplomatic institutions.
Excellent communications withWarsaw city centre, the City airport, the subway and other districts such as Ursynów and Mokotów.

Over 1900 flats;

Buildings maximum height: ground floor plus 4 storeys;

Medium-high standard build quality;

Garages, commercial space and parking areas on ground;

Anticipated completion date for the Warsaw Project is 2010.

3 Bedroom Apartments,110sqm Ostoja Wilanow Poland, Warsaw.Price: € 221,000