Primary and secondary real estate markets

Primary and secondary real estate markets

El Estate has identified the main pros and cons buying a home in Poland on the primary and secondary real estate markets.

According to BIK (Credit Information Bureau), in 2021, the number of mortgage loans in Poland amounted to as much as 2.7 million. This shows that it is quite common for Polish residents to take out a loan.

Then the question arises: is it not worth buying a house or apartment right away instead of renting it? Due to its location and cultural heritage, Wroclaw attracts more and more visitors every year.

This means that buying a home in this city (even on credit) is a good investment.

El Estate staff will be happy to advise you and help you find the right property.

Primary market

Pros

• There is no need to pay RSS tax (2%);
• Transparency of the reservation agreement and the notarial deed;
• A large selection (when the offer comes to the market, it is possible to choose the floor, location, parking space, storage room);
• Repair according to your preferences;
• Repairs are often cheaper than on the secondary market;
• Modern construction — new technologies in most investments;
• Utility bills are lower (czynsz administracyjny);
• Guarantee from the developer.

Cons

• Location — real estate on the primary market is often located far from the center;
• The waiting period for the finished construction is sometimes several years;
• In the early years, neighbors may prevent you from carrying out repairs.

Secondary market

Pros

• Favorable price;
• Bargaining with the property owner;
• Ready-made or partially renovated;
• A wide range of locations;
• Ready-made infrastructure;
• You can get to know your neighbors before you even buy an apartment.

Cons

• RSS tax 2%;
• Sometimes it is more expensive to redo repairs than to do them from scratch;
• Unprofitability — over time, apartments on the secondary market will only get cheaper;
• Year of construction — the condition of the entrances often leaves much to be desired;
• In old buildings, walls are often not properly insulated, and dampness is possible.

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