Kremerowska Residence

piątek, 13 sierpnia 2010

Kremerowska Residence

Kremerowska Residence - A high standard development of 27 apartments and 5 commercials in the centre of the city, constructed from 2007 till 2009.

The developer: IMMOKRAK

Official developer's website: Kremerowska Residence

The building has two entrances: staircases numbered A and B.

Location: Krakow, Kremerowska 11 (corner of Feldmana street).

See the location map:

Pokaż property krakow map na większej mapie

- Almost all apartments include balcony or terrace - the biggest terrace is 105 m²total.
- City centre location near to Main Market Square - 15 minutes walking distance (two tram stops).
- Underground parking and storage room in the basement for every apartment.

Modern style building located on the quiet corner of Feldmana and Kremerowska street (one way street) is a good example of luxury building. It is not huge so it is main advantage.

The most characteristic part of the building is round part of it facing the crossroad. Every apartment has one parking space so it is uncommon in Krakow (as you compare this building with Sobieski Residence – the smallest apartments in Sobieski do not have parking spaces).

The biggest disadvantage is that there is no air-conditioning in apartments and almost no room for a concierge.

If you need more information please contact me.

2 komentarze:

Polish Investment Property2 października 2010 21:53
Nice blog, some useful information here. Have just had a look through your list of properties, they all seem to be in large boring apartment buildings, perhaps you can give some examples of something a little different, like houses outside centre or buildings which need renovation?
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Dobromir Witkowski24 marca 2011 16:45
Thanks for your opinion.
First I would like to focus on properties in city centre of Krakow. Maybe in future there will be more houses outside of centre.
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First steps

HOW TO BUY PROPERTY IN POLAND

The ownership of property in Poland is secured, by a state authority called simply Registry of mortgages. In Krakow it is Regional Court for Krakow Podgórze Land and Mortgage Register Department (Sąd Wieczystoksięgowy dla Krakowa Podgórza) Titles to property i.e. Lend Registers (Ksiegi Wieczyste) are kept there, where all encumbrances on properties are registered. Property is filed under the names of the owners and every Lend Register has got its individual or number. A title search is performed in order to find out if there are any claims, liens and encumbrances on the property. A title search also shows if the property was properly transferred. This is always done during the contracts process.

The only way to buy a property in Poland is to sign a property purchase agreement in the presence of public notary. A public notary must be appointed since any property purchase agreement, in order to be valid, must be done in the presence of a public notary. The public notary does not represent the interests of the Buyer or Seller. (S)he is a public official in the presence of whom the contract is read, understood by both parties and signed. The notary drafts the contract and is responsible for the verification and registration of the transaction in the public records, so that the buyer acquires the official title of the property.

The contract is drawn up only in Polish language in one original that always remains at the notary’s file, an official copy which is registered at the register office and the purchaser receives as many copies as he/she wants paying the proportional fee. If the purchaser is the foreigner and does not speak Polish, he/she has to name a translator who takes an oath and translates orally word by word the contract from Polish to the foreigner language. At the end of the contract the translator declares that he/she translated rightly and comprehended completely quoted in the contract the foreigner purchaser and signs for this at the contract.

The parties sign only the prototype contract.

CONTRACTS STRUCTURE AND CONTENT

Each contract has a concrete number given by the Notary and a composition date.

Report of the detail elements of the contracting parties, full names, father names, mother names, I. D. numbers, tax registration numbers, addresses.

The real estate is described in details (extent, limits, borders) and reports the Topographer of Engineers elements mentioned at the topographic diagram. At this point all the previous acts, titles of property, contract numbers and registration numbers at the register office are mentioned.

Afterwards, is reported the vendors statement, that sells the real estate and is described the price, the terms and the conditions of settlement of price in case it is not paid off immediately during the signature of contracts.

The vendor guarantees that the sold of real estate has no debts.

Thereupon, the buyer undertakes the vendor’s real estate and the vendor resigns from any rescission right.

Finally the notary certifies that the transaction takes place according the law, and reports in brief the relative laws and the certain formal statements of the contracting parties. There are also mentioned fees and tax connected with buying the property.

PURCHASERS EXPENSES

The purchaser must pay for the following expenses:

1. The transfer tax (civil tax) is 2% on the objective price mentioned in the contract.

2. The notary’s fee is about calculated on the deed of purchase mentioned price.

3. The estate agent’s fee depends on the agreement among the estate agent and the purchaser

4. The registration at the register office is 200 Polish zloty.

Totally the final cost could range from 5 to 7 % of the value of the property