Aurimas Čiagus

Polish Property Market for Foreign Investors 🇵🇱 Are you thinking of setting roots or investing in Poland? The Polish real estate market is booming, offering exciting opportunities for both residents and foreigners. But navigating the system as a newcomer can feel overwhelming. Nothing to worry! We are about to release a guide that will equip you with the essentials for a smooth property purchase in Poland. As a foreigner interested in buying a home in Poland, you'll face unique challenges such as understanding the legal framework, securing financing, and navigating cultural differences. However, with the right guidance, you can overcome these obstacles and find your dream property. Below you'll see a general challenges which might be overwhelming, but nothing better to deal and double-check with professionals from the local market. - Unfamiliar Laws Polish real estate laws and regulations can be complex and unfamiliar to foreigners, requiring careful research and understanding. - Property Ownership Rights Foreigners may have limited property ownership rights, depending on their nationality and the type of property they wish to purchase. - Tenancy Laws Navigating tenant-landlord laws and obligations is crucial for those considering renting or investing in Polish real estate. Overcoming Challenges and Achieving Your Dream Home in Poland is not that scary. Check these 3 easy steps. - With dedication and a willingness to adapt, foreign homebuyers can overcome the challenges and successfully navigate the Polish real estate market. - Engaging with local experts, such as real estate agents, lawyers, and financial advisors, can provide invaluable support and help mitigate risks. - Embracing Polish culture and customs can not only facilitate the real estate process but also enrich the overall experience of living in the country. For more information please send us an email at: [email protected]

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#BREAKING: I just received the 2023 results for UAB #Bifinity, owned by Binance founder #ChangpengZhao, in #Lithuania. Revenue decreased by about 50% to EUR 229.8m, but the EUR 42.9m loss from the previous year was replaced by a EUR 105m net profit. Bifinity, which appointed a new CEO, Jonas Jünger, last year, also reported paying EUR 30m in taxes in Lithuania over the past 12 months. In the last three years, they have paid approximately EUR 50m in income taxes alone. A link to my interview with Jonas is in the comments.

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Last Thursday, the report: "Qvo Vadis E-commerce 2024", was released. Congrats Cushman & Wakefield, Industrial.pl and Damian Kolata on the great job. Your report is a solid dose of knowledge about the development of the e-commerce market in Poland and the CEE region. I am glad that I had the opportunity to comment on that topic from industrial investor&owner’s perspective. As Accolade we have been noticing the huge potential of border locations for years, which are of key importance to many tenants, including those from the e-commerce sector. Choosing locations such as Szczecin, Goleniów or Legnica is our well-thought-out decision, enabling tenants to quickly distribute goods to Western Europe, while maintaining lower logistics costs and greater flexibility of warehouse projects. The meeting devoted to the report's release was a great experience and an opportunity for an inspiring, substantive discussion. Thank you Damian Kolata for presenting the report and its conclusions and the great atmosphere during the meeting. Many thanks to the experts with whom I had the opportunity to participate in the panel - Michał Białas Wiesław Majewski Michał Olesiński It was an interesting exchange of opinions on the e-commerce industry - trends, analyses, development of cross border and marketplace. I invite you to download the report where a good dose of knowledge and interesting conclusions await for you. https://lnkd.in/dGEiDzWp

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The European Commission's latest economic forecast for Poland supports a robust recovery in property investment activity over the next 2 years. Real GDP growth is projected to rebound to 2.8% in 2024, increasing to 3.4% in 2025. Private consumption is set to remain the key driver of growth amid accelerating EU-funded investment. Headline inflation is forecast to significantly ease to 4.3% in 2024 and 4.2% in 2025. #Poland #propertyinvestment #centraleurope #warsaw

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The #real #estate #investment company INVL Baltic Real Estate group signed an #agreement on the sale of a property holding in Latvia consisting of a building with 12,800 square metres of warehouse space. The buyer of the property is Bohnenkamp, one of Europe’s largest suppliers of tyres and wheels for industrial and agricultural equipment, which was the main tenant of the building prior to the #transaction. “We are pleased with this transaction, both because it will have a significant positive impact on our financial results and because we will be able to use its proceeds for further investments in our Lithuanian properties. That will allow us to further increase the company’s asset value and the return to shareholders. Part of the proceeds will also be used to repay a bank loan in Latvia,” says Vytautas Bakšinskas, the real estate fund manager at INVL Asset Management, which manages INVL Baltic Real Estate. Read more: https://lnkd.in/g_sEbsSB #invl #real #estate #investment #agreement #logistic #transaction

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Membership in our community! 👏Finas community is happy to announce that one of our members has decided to extend their membership with us! A huge THANK YOU goes to Tibor Zavadil We greatly appreciate your decision and look forward to further cooperation with you. 🚀 About DigFin!  🏠 Mortgage Digitalization: Forget about cumbersome paperwork! With DigFin, you can apply for the best mortgages directly from your mobile phone. Quickly, easily, and conveniently. 💡 Customized Financial Advice: Our experts provide personalized financial advice to help you make the best decisions for your future. 🚀 Innovations in Digital Finance: DigFin introduces new and innovative financial products that keep you one step ahead. 🔒 Security and Data Protection: Your trust is our priority. We ensure a high level of protection for your personal data and financial transactions. 🌟 Simple and Intuitive Interface: Our platform is designed to be user-friendly and easy to use. Enjoy a seamless experience managing your finances. Join us and experience how financial management can be simple and efficient with DigFin, a.s.! 🌟 #finas #fintech #members #membership #digfin #MortgageDigitalization  #leaders #innovations #crypto #bitcoin #blockchain #finance #slovakia #bratislava

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Residential rental markets are more and more messed up in almost all Western countries. The cost of living is going up. Landlords are keeping properties empty to reduce risk. Tenants are angry because prices are high and there are no places to live. The conflict between the landlords and tenants is brewing and getting worse as time goes on. If we want to fix the situation, it should be a positive revolution and finding a way to move on together with meaningful compromises and empathy rather than polarization and blaming each other. I put my thoughts down and even though they are quite Poland-specific, I believe you can apply them to almost all markets in Europe in nature. You can read more here (and toggle between Polish and English version): https://lnkd.in/grpGuBqG

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📊 Q3 2024 Bratislava Office Market in numbers!   ▪ Total office stock in Bratislava reached 2.08 million sqm ▪ Prime rent in Bratislava increased to 19.50€/sqm/month ▪ Vacancy in Bratislava slightly decreased to 13.17%   Find the detailed Bratislava Office Market Overview here: https://lnkd.in/dDd_qDDm In the reports below, you will find a snapshot of key statistics and developments that have shaped the other real estate markets during Q3 2024.   ▪ Industrial market: https://lnkd.in/d6XxDg5P ▪ Residential market: https://lnkd.in/dG9c44bT

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Green investments in real estate - why invest in Poland? As an increasingly environmentally conscious country, Poland offers attractive opportunities in the green real estate sector to foreign investors. The growing ecological awareness of the Polish people and government support for green investments make the Polish real estate market increasingly friendly to investors looking for sustainable solutions. Why is it worth investing in green real estate in Poland? - Stable property market: The Polish real estate market is characterized by stable price growth, which makes it attractive for long-term investments. - Government support: Polish authorities are introducing more and more programs and tax breaks to support green real estate investments. Growing demand for green real estate: More and more Polish people looking for flats and houses that meet the highest ecological standards, which translates into high rents and rapid property turnover. - Attractive prices: Compared to other Western European countries, property prices in Poland are still competitive. - Market development opportunities: The Polish green real estate market is still in the development phase, which offers investors the opportunity to gain a competitive advantage. What are the benefits of investing in green real estate? - High return on investment: Green real estate investments yield a high return on investment thanks to lower operating costs, higher rents and rising property values. - Stable income stream: Green properties are very popular with tenants, ensuring a stable rental income stream. - Positive impact on the environment: By investing in green properties, you contribute to protecting the environment and improving the quality of life for future generations. - Prestige and image: Having an ecological property is prestigious and demonstrates the social responsibility of the investor. What ecological solutions are most commonly used in Polish properties? - Energy efficiency: Thermal insulation, high-insulation windows, recuperation systems, solar panels, heat pumps. - Building materials: Recycled materials, certified wood, ecological paints. Green roofs: Roof gardens improve thermal insulation, air quality and building aesthetics. - Building management systems: Intelligent systems that optimise energy and water consumption. How do you find the right green property in Poland? - Work with local real estate agents: Choose an agent who specialises in green properties. - Certifications: Look out for green certifications such as LEED, BREEAM or DGNB. Technical documentation: Read the technical documentation of the building to find out what green solutions have been applied. - Site visit: It is always a good idea to see a property with your own eyes. Investing in green real estate in Poland is an excellent opportunity for foreign investors who want to combine profit with environmental concerns. What are your thoughts on this topic?

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Centralized or decentralized? Take a look at my interview with Telewizja Biznesowa and see which option we at zondacrypto prefer, and why. Thanks for a great conversation!

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Lietuvos bankas | Bank of Lithuania has appointed a temporary representative to oversee the operations at kevin. The Bank of Lithuania has appointed a temporary representative to oversee the operations of #Kevin EU, UAB due to concerns about the company's financial stability and consumer interests. Kevin EU, UAB, has delayed the submission of its audited annual financial statements for nearly four months, repeatedly extending the deadlines and failing to provide necessary information to auditors. Additionally, the company has not met the capital adequacy requirements and lacks proper internal controls. To address these issues, the Bank of Lithuania has assigned the private limited company Valnetas to supervise Kevin EU, UAB's activities. The company is required to submit the audited 2023 annual reports, shareholders' meeting decisions on profit (loss) distribution, the auditor’s opinion, and the audit report to the Bank of Lithuania by August 30, 2024. The appointment of a temporary representative means that all decisions related to the company's activities must be approved by the representative, who will regularly report to the Bank of Lithuania. However, this does not affect the company's management nor its existing customers' ability to use its services. Additionally, the Bank of Lithuania has instructed Kevin to cease providing payment services to new clients until the company meets the capital adequacy requirements. Kevin, which has faced challenges in maintaining financial transparency and stability, now has a clear deadline to rectify these issues. This move by the Bank of Lithuania aims to ensure the company's compliance with regulatory standards and protect consumer interests. The involvement of Valnetas is a crucial step in stabilizing Kevin EU, UAB and ensuring its operational integrity. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

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A few days ago, I stumbled upon an article or perhaps a meme on Facebook that suggested the same amount of gold from 100 years ago could buy you real estate today. Intrigued by this claim, I decided to explore further and compare real estate prices in my native Riga to spot gold prices. My findings, particularly when comparing 2007 with 2023, are quite interesting. 📊 Let's start with some basic data: In October 2023, the average price of standard apartments in Riga was 852 euros per square meter. This price is 47% lower than on July 1, 2007, when the average price of an unrenovated standard apartment reached an all-time high of 1620 euros per square meter. To delve deeper, I conducted some simple calculations to compare the cost of purchasing a 50m² apartment in Riga back in 2007 with the price of spot gold at that time. On July 1, 2007, the spot gold price was 501 euros per ounce. 🏢 To buy a 50m² apartment in 2007, we would need approximately 81,000 euros (50m² * 1620 euros/m²). With 81,000 euros, one could purchase around 161.68 ounces of spot gold (81,000 euros / 501 euros per ounce). Following the analogy mentioned earlier, if the theory holds true, we should be able to get the equivalent of 161.68 ounces of spot gold for whatever the apartment price is in 2023. Let's see how this plays out. In 2023, the new price of a standard apartment in Riga is 852 euros per square meter. Thus, a 50m² apartment would cost 42,600 euros (50m² * 852 euros/m²). 🪙 Now, let's compare this with the spot gold price in October 2023, which is approximately 1743 euros per ounce. For 42,600 euros, we could buy around 24.44 ounces of spot gold (42,600 euros / 1743 euros per ounce). 📉 This comparison reveals a stark difference: In 2007, 81,000 euros could buy 161.68 ounces of gold. In 2023, 42,600 euros could buy only 24.44 ounces of gold. So, while the price of gold has significantly increased over the years, real estate prices in Riga have not kept pace. This highlights the divergent trends in the value of gold versus real estate in Riga over the past 16 years. Sadly, we didn’t purchase 190 ounces of gold back in 2007. However, it's never too late to explore new investment opportunities. At Terramatris Crypto Hedge Fund, we actively buy tokenized spot gold, providing a modern and accessible way to invest in this precious metal. 💡 In conclusion, if we had invested in gold rather than real estate in 2007, the value of our investment would have appreciated significantly more. This insight underscores the importance of considering diverse investment strategies and understanding how different assets can perform over time. For those looking to make savvy investments today, exploring options like tokenized spot gold with Terramatris Crypto Hedge Fund can be a prudent choice. 💼💰 #gold #cryptohedgefund

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AI is reshaping industries by speeding up production, cutting costs, and enhancing quality. It’s transforming sectors like manufacturing, retail, and healthcare, improving processes and elevating customer experiences. Over the next 3-5 years, we can expect AI to drive even greater personalization, automation, and predictive insights across more industries, making businesses smarter and more customer-focused.

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Financing is - next to regulations - the most important factor encouraging companies to green transformation. As this report shows 👇, there is definitely too little money to implement an effective green change in the global economy. And without financing, with only regulations, the whole project will fail...

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🏃Some people ask me why @zondacrypto is so invested in sports sponsorship. There are many reasons (including but not limited to the fact that I am a great sports fan myself 😀), but Grzegorz Adam Kowalczyk from Business Insider Polska explains them all very well. ⚽️ For us at zondacrypto, it has been almost a year that we have been highlighting our presence in Italy through sports collaborations. We started with Juventus Football Club and Giro d'Italia now we are also in Atalanta B.C. and this month we want to announce another sports partnership in this market. 💸 The impact of these collaborations is very visible. For example, when comparing the first half of this year with the last half of last year, we have seen up to a tenfold increase in customers from Italy. And overall, the share of deposits in EUR has increased by more than 50% in this period. Read more about brands with Polish roots going global through sports sponsorship: 👉 https://lnkd.in/eYZgv-vN

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Thinking about investing in Polish real estate? Now might be a great time! Market is showing signs of recovery after a challenging 2023. See the report below. #propertyinvestment #Poland #nestseekers #report

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Strong economic rebound and opportunities ahead; great summary of the progress made and challenges remaining as Poland continues to lead the CE region. Positive implications for commercial real estate. #Poland #propertyinvestment #centraleurope

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Only 3 out of 80+ Latvian B2B SaaS startups advertise on LinkedIn. Last week, I went through the list of all the B2B SaaS startups in Latvia, to check who is active on LinkedIn ads. The list is not that long. 80+ startups. Normally, B2B SaaS is the most active category on LinkedIn ads. In other markets, at least 30%+ have tested LinkedIn ads and 20% or so are running campaigns. I expected lower numbers. But I found just 3 Latvian SaaS startups using LinkedIn at any scale. That’s a 4% uptake. Significantly lower than in the bigger markets. Want to know the three? Squalio - 603 ads. Lokalise - 578 ads. DeskTime - 112 ads. That’s it. Few more Latvian startups have played around with LinkedIn ads. Printful. Whimsical. But they have not scaled it. Why? I think there are a few reasons. Lack of local LinkedIn ad expertise. I don’t know any agency from Latvia that is primarily focusing on LinkedIn ads for B2B. Among the founders and marketing leads I speak to, there are a lot of misconceptions about costs and what’s possible on the platform. For a B2B SaaS startup with validated market need, adding LinkedIn ads to your comms is a no-brainer. If you are curious about LinkedIn ads and want to learn what’s possible, drop me a DM. P.S. Next up Estonia. Let’s see what the situation is there. 👀

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