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  • Call our team:
    +34 963 156 011

  • Covering all
    Spain and Portugal
    Covering all
    Spain & Portugal

  • Office hours:
    Mon - Sat: 9am - 6pm: 9am-6pm

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Polish property buyers in Spain

At Mortgage Direct, we have seen a considerable increase in enquiries in the past 18-24 months from Polish buyers and have also received more interest from Polish estate agents based in Spain. As you can see from the chart below, we offer mortgages to clients fiscally resident worldwide and in the first quarter of 2022 the Polish market made up 5% of our completed mortgage cases. While this seems a small percentage, this represents a considerable increase in this market.

Why are Polish clients investing in Spain?

I left Poland during communist times and since then have watched the county grow and prosper. And with prosperity comes wealth and luxury, such as a holiday home in a sunny country. 

Added to this, the pandemic has changed the way we work and what is important to us. With more companies allowing their employees to work from home a window of opportunities has opened. Although Poland has defined seasons with hot summers and beautiful spring and autumn, the winters are cold and long hence the Spanish climate appears to many Polish clients. 

More recently, the war in Ukraine has created instability in Poland and the fear of possible invasion. Owning property abroad gives clients a psychological sense of security that there is a safe place to shelter in the event of armed conflict.

The decision to buy in Spain is not easy, especially if there is a language barrier. For example, the most popular language in Poland is English, so applying for a mortgage with a Spanish bank can be a daunting process.

Most clients I speak with appreciate that for a small fee they can discuss lending criteria in their native language with someone who can organise and translate all the required documents and act as a mediator with the bank, agent and solicitor.

If you wish to get in contact with me about a potential mortgage, please don’t hesitate to get in contact.