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The Warsaw Voice » Real Estate » May 20, 2009
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State-Owned Land is Good Land
May 20, 2009   
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The Agricultural Property Agency has attractive land for projects involving industry, housing, services and commerce. It also offers buildings, including historic buildings, and land located on mineral deposits and suitable for wind farms.

The land is ready for sale and awaiting potential investors. Well-known global and European corporations such as Electrolux, Toyota, Cersanit, LG, Krause, Viessmann and Michelin have set up on Agricultural Property Agency land.

The agency has at its disposal more than 800 complexes of manors, palaces and parks (see photo), most of which are leased, but around 200 are still available for sale. Apart from their unquestionable historical and cultural value, such real estate is valuable in financial terms. Historic buildings around the world are considered to be a good capital investment.

Potential investors are required to invest money in renovation and so at present, the Agricultural Property Agency is offering a discount of 50 percent off the prices at auction. On a date arranged with the province conservator, but no later than five years from the day the real estate acquisition contract was made, the buyer has to present a regional branch of the Agricultural Property Agency with documents stating the scope of work and the costs the buyer incurred while carrying out the conservator's recommendations on the acquired historic real estate. The documents have to be endorsed by the conservator.

The agency sells real estate for investment and buildings, including historic buildings, at open auctions across Poland.

Acquisition of real estate by foreigners
Under a law of March 24, 1920, on the acquisition of land by foreign nationals (uniform text, Journal of Laws No. 167/2004, item 1758 with later amendments), foreigners who meet all requirements applicable to all other buyers are also obligated to obtain permission from the Ministry of Internal Affairs and Administration. For detailed information see:
Starting from May 1, 2004, foreigners who are citizens or entrepreneurs from the member states of the European Economic Area (EU member states, Norway, Iceland and Liechtenstein) are allowed to acquire non-agricultural property such as real estate for investment, buildings and historic monuments without the ministry's permission.

In the case of groups of people (individuals and legal entities) who are planning to buy real estate and to become co-owners and at least one of the people is a foreign national, contracts on real estate acquisition are possible without permission from the Ministry of Internal Affairs and Administration only when all of the foreigners involved in the transaction meet the conditions mentioned above.

The legal status of the buyers has to be made clear before the contract is concluded, because without permission from the interior minister, acquisition of real estate by a foreigner is legally invalid.

Finding information about real estate for sale
Anyone interested in acquiring land of a given type can obtain information directly from regional branches of the Agricultural Property Agency or its subsidiary offices. Lists and announcements of auctions for the sale of property are displayed at the headquarters of regional divisions and branches of the Agricultural Property Agency and at district offices.

Plans to sell real estate the estimated value of which exceeds the equivalent of 10,000 decitonnes (dt) of rye, as per regulations on agricultural tax, are also announced in a press publication that covers at least one province. This rule also applies to real estate that is highly attractive to investors.

Information on scheduled tenders, lists, announcements and canceled tenders is also published on the website of the Agricultural Property Agency at www.anr.gov.pl

Tomasz Nawrocki, Ph.D.
President of the Agricultural Property Agency:
The governmental Agricultural Property Agency has at its disposal the largest volume of agricultural and investment property in Poland. I strongly encourage potential investors to familiarize themselves with the attractive real estate we currently have for sale. We offer land in attractive locations within and near large cities and economic zones. The lots are large and their legal status is settled.

The Agricultural Property Agency is a trustworthy and reliable partner in business.
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