Polish property ranked most attractive for 2013
Polish property investment is on the up, according to new figures. Data from CBRE shows that investment in Central and Eastern Europe tripled in the first quarter of 2013 from last year to reach €2.6 billion. And Poland is leading the way, with investors rating the country the most attractive market for the year.
They certainly don’t get more attractive than Nogat Palace, a 19th Century Country Manor House in the Kuyavian-Pomeranian province. And not just because of the gorgeous lakeside location.
“Beautiful, isn’t it?” says owner Caroline Anderson, who shows me round the estate.
“The palace goes back to 1800 when it was built by the Kalkenstein family,” she explains, walking past the lake.
The tranquil beauty around the manor is surprisingly calming – the land alone spans 1.5 hectares. She assures me that we are only one hour away from Gdansk international – “just a few miles from the new A1 motorway” – but I find it hard to believe.
“We bought it with the intention of using it as a family residence,” she continues. “80 per cent of the renovation has been done and complies with all building regulations. It just needs someone to finish it off…”
Looking around the estate, they’ve clearly been busy. There’s even a new two-bedroom gate keepers house nearby with two double garages. You can tell it’s been carried out to the highest possible standard.
But the building itself is what really impresses.
“It’s nearly back to life,” she smiles. My mind is already grinning at all the things you could do with it.
A clinic, a care home, a fitness camp, a private club, a recording studio. The list seems endless. Keeping it as a family home would surely have been a waste, I tell her.
“It has previously had planning permission granted to be turned into a hotel,” she admits. Why stop there? I counter. With the massive lake next door, you could turn it into a fantastic fishing destination.
She nods. “That’s exactly the kind of vision needed to complete the project!”
We stroll away from the grand entrance and head for the gate keepers house. She tells me that’s where the heating system is located. I’m too busy thinking up names for my new fishing resort.
The Great Troutdoors! As ludicrous as it sounds, part of me knows that there’s no better time to do it. With real estate investment in Poland on the up and house prices climbing again by 5.6 per cent following a bargain-bringing plummet of almost one-third, the market current is definitely streaming in the right direction.
I try the name out loud.
“The Great Troutdoors!”
Caroline doesn’t respond. The stunning silence is almost unbearable.
“You think someone else can do better?” I ask.
“Yes,” she replies confidently.
You can’t blame her. Even after two hundred years, the Nogat Palace has never been more attractive.
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