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		<title>Polish prices going up&#8230;</title>
		<link>http://www.britishinpoland.com/blog/2008/02/polish-prices-going-up/</link>
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		<pubDate>Thu, 28 Feb 2008 19:29:00 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[life and living]]></category>
		<category><![CDATA[poland]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[zloty]]></category>

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		<description><![CDATA[one of the reasons I was happy to sell up in the UK and buy in to the Polish property market was the simple fact that Poland is/was cheap but prices are steadily climbing.  It&#8217;s simple economics &#8211; zillions of złoty pour in to the Polish economy everyday from foreign companies investing here, Poles [...]]]></description>
			<content:encoded><![CDATA[<p>one of the reasons I was happy to sell up in the UK and buy in to the Polish property market was the simple fact that Poland is/was cheap but prices are steadily climbing.  It&#8217;s simple economics &#8211; zillions of złoty pour in to the Polish economy everyday from foreign companies investing here, Poles abroad sending money back, or Poles abroad returning with their hard earnt savings.</p>
<p>An example is the PLN &#8211; GBP exchange rate.  A couple of years ago you could get 6 zloty to the pound, now it&#8217;s around 4.8 zloty to the pound.</p>
<p>But it&#8217;s a double-edged sword of course &#8211; while the increasing strength of the Polish economy makes Poles &#8216;wealthier&#8217; relative to established western economies, the cost of living is also rising.  Things like food and rent are going up which makes Poland a less attractive and more costly place for me to live.  Still, with no council tax to pay (well OK, about £50 property tax a year) and petrol still cheaper than back in the UK I think I will be happy here for some years to come&#8230;</p>
<p>Still it pleases me when I see constant <a href="http://www.purchasing.com/article/CA6535959.html">reports like this one</a> of foreign companies pouring money into Poland.</p>
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