Warsaw is the capital of Poland, geographically it is located in the centre of the country, and has a population of 1.7 million people.
Most of Warsaw was destroyed in the Second World War and was rebuilt by communist architects. Many of the old style buildings are now being demolished to make way for new, modern apartment blocks.
Warsaw is a booming capital, and many big multi-national businesses are moving to Warsaw to make use of cheap labour costs, this means there is a large influx of white collar professionals, with sufficient disposable income to rent new property. Many Polish people are earning higher salaries than previous years, and many are looking to move out of the decaying communistic tower blocks to live in modern rented accommodation. This has taken the demand for rented accommodation to a whole new level.
Since Poland joined the E.U in May 2004, Warsaw is evolving into a Capitalistic, westernized city. It is a very exciting time for the city of Warsaw, 7.7 billion euros of Foreign Direct Investment will be used to rebuild the city, and growth is predicted to continue for many years. |