Property in Poland, capital valuation

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  • #37925
    neil watkin
    Participant

    I have an appeal from Polish claimant, (entitled to claim).

    They have a property in Poland that has family living in it but paying no rental income.

    The property is not for sale and won’t be put up for sale as they say according to Polish law they cannot just sell and make the occupants homeless.

    They seem to also be saying they won’t be selling it anyway.

    We have used the capital value (no mortgage or loans secured on it) as over £16k.
    We seem to have used purchase price qutoed in the deeds we had translated as the capital valuation.

    Has anyone else ever valued a property in Poland?
    Anyone else come across this Polish ‘cannot sell’ law?

    I’m pretty sure we are on firm ground with our decision but just thought I’d canvas opinion.

    #106721
    John Boxall
    Participant

    When I was in Poland in 1999 (Strangley enough in a role reversal, as an English Train Driver) I was told that Polish Property was quite expensive – up to UK prices, however this was because there wasnt much for sale.

    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and—and in short you are for ever floored.

    Wilkins Micawber, Ch12 David Copperfield

    #106722
    nickkeogh
    Participant

    John – you should definitely write a book 😉

    #106723
    John Boxall
    Participant

    [quote=nickkeogh]John – you should definitely write a book ;)[/quote]

    I dont want to go to prison – or be sued for libel

    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and—and in short you are for ever floored.

    Wilkins Micawber, Ch12 David Copperfield

    #106725
    nickkeogh
    Participant

    But that would then provide material for the follow-up. Like Peter Andre – the next chapter.

    #106726
    John Boxall
    Participant

    But I didnt marry Jordan (or want to)

    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and—and in short you are for ever floored.

    Wilkins Micawber, Ch12 David Copperfield

    #106727
    peterdelamothe
    Keymaster

    Quote from a Polish property site:

    “Throughout the credit crisis the Polish economy has continued to grow, the only EU country to pull this off, and the currency has consistently gathered strength– especially against the pound.

    Poland is one of the few countries where buyers can actually sell and get their money out should they need to”.

    So if the property is not disregarded, there seems no reason not to take it into account.

    #106728
    nickkeogh
    Participant

    She seems to average one marriage every two years so I wouldn’t rule anything out. You’ll get your own show on ITV2 and it’ll be something to do once UC comes in.

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