Buying a property is always a huge thing, whether we plan to live there or let it. If you want to invest your funds, the property market seems to be the safest choice. Where to buy a flat to make sure you will always have tenants to let it to?
First and foremost think about your target group. Students? Families with children? Or maybe young professionals? Expats? Once you’ve chosen your potential future clients it will help you determine the location, but also other aspects like the size of the flat or standard of finishing.
Students want to live all over the city. If you choose them as your target group you don’t have to worry about the location. There are around 200 000 students in our city (out of total of 704,200 inhabitants:) ) so that’s quite a lot. They need to live somewhere.
Every student’s dream is to live close to the Old Town, whether that’s Main Square or Kazimierz. Their second choice would be somewhere close to their school. And here you can choose out of 22 Krakow universities and academies. The biggest ones are:
- Uniwersytet Ekonomiczny – University of Economics (more than 21 thousand students) located on Rakowicka street
- Akademia Górniczo-Hutnicza – AGH University of Science and Technology (more than 32 000 students) on aleja Adama Mickiewicza
- Uniwersytet Jagielloński – Jaggiellonian University with more than 42 000 students with numerous locations around the centre as well us districts like Ruczaj, Grzegórzki or Bronowice.
All you need to do is make sure your place is well communicated and you will always have people interested to live in your apartment.
Krakow has become an outsourcing centre of Europe. More and more international companies open their business or at least they outsource some of their business to Krakow and therefore they hire lots of people each year.
Go ahead and buy a property close to one of the business centres or just between a business centre and the Old Town. Young professionals want a nice and easy commute to work but they still enjoy evenings out in the city.
- Kraków Business Park in Zabierzów – anywhere close to train stations as this is how most people get there from Krakow. So, close to Galeria Krakowska, Łobzów, Mydlniki. Bronowice and Krowodrza as well for those tenants who have got a car
- the Special Economic Zone in Ruczaj or anywhere close by (e.g. down the line of tram 18)
- Quattro Business Park in Prądnik Czerwony
Families with children
Obviously, everything depends on personal preferences. And you will have people living in the very city centre with their small kids. But the tendency is that they look for properties elsewhere, choosing greener areas with amenities like playgrounds. Close to schools and kindergartens. If that’s your target group then don’t focus on just one place, anywhere in Krakow will be good.
You know this group, you are one of them 🙂 Hence no reason to elaborate here.
Expats might fall into all of the above groups, but they do tend to look for properties as close to the Old Town as possible. Take that into consideration if you want to rent your place out to the fellow expats.
Hope that’s helpful!