When acquiring shares in a Polish company for a foreign buyer, it must always be examined whether a permit from the Minister of the Interior is required because real estate in Poland is involved. Sometimes a permit is required to acquire even a single share.
Owners of Warsaw property still face barriers in taking over possession of buildings from the city, even though the rules governing delivery of possession were established in an order issued by the Mayor of Warsaw in 2008.
Decision to sell units in a building covered by the Warsaw Decree: A source of injury in pursuing claims for damages
After reprivatisation proceedings lasting many years, the legal successors of the former owners of real estate manage to regain the property that was once lost. But often the current value is grossly low, which justifies pursuing compensatory damages.
Monetary compensation for former owners of Warsaw Decree properties could help in many instances to remove the barrier to acquisition by residential cooperatives of adjacent plots of land to improve the conditions for development of their own real estate.
Poland’s consumer protection authority has drawn up guidelines for amending the Act on Protection of Rights of Buyers of Residential Units and Single-Family Houses of 16 September 2011, popularly known as the Developers Act. Real estate developers are not pleased.