Lodz

A former industrial hub transforming itself into a vibrant city

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Discover Lodz's Real Estate

Lodz is Poland’s third largest city and was formerly a heavily industrialized center. Following the collapse of communism, the city suffered through a period of economic decline, high unemployment and urban blight. In the last two decades, however, the city has been rising from the ashes. The city center has been transformed into a bustling and beautiful district, while many of the city’s formerly abandoned factories are being turned into vibrant new neighborhoods with galleries, restaurants, stores, offices and condos.

Culture, History, and Business

Lodz was first mentioned in 1332 and gained city rights in 1423. However, despite its change in status, it remained a small village that consisted mostly of grain farmers until the 18th century. In 1793, it became a part of Prussia as a result of the Second Partition of Poland, while in 1815 the Congress of Vienna transferred it to the Congress Kingdom of Poland, which was a client state of Russia. During the 19th century, it flourished as an industrial center, largely thanks to its access to the vast Russian market. Textiles—cotton in particular—became important parts of the economy. During World War II, the city became infamous for the Jewish Ghetto established by the invading Nazis and by the end of the war Lodz’s former Jewish community, which had numbered over 200,000, was almost completely wiped out in the Holocaust.

The city struggled in the 1990’s as it made the tough transition from communism to capitalism. Many factories closed, workers migrated to Western Europe and unemployment soared. Fortunately, over the past two decades the city has seen a dramatic turnaround. Especially thanks to Poland’s entry in the European Union, businesses—particularly in the tech sector—are coming back to Lodz, attracted by the cheap labor, affordable property, and revitalized city core.

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Real Estate Appeal

Lodz is a city on the rise and, as such, has a lot of potential for real estate investors. While it does not yet have the same name recognition as Warsaw or Krakow, that is changing. Its historic downtown and refurbished industrial architecture—along with its wealth of cultural attractions—are primed to become major tourist attractions. As a result, short-term rental properties have plenty of potential to grow in the city.

Furthermore, Lodz is home to six state universities and is considered one of the academic hubs of Poland. There is a huge student population here, which for real estate investors means a stable market for reliable and lucrative medium-term rentals.

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Explore Lodz's Real Estate 

Why You Should Invest in Lodz in 2020
Why You Should Invest in Lodz in 2020

Why You Should Invest in Lodz in 2020

Lodz is one of Poland’s largest cities and is located right in its geographic center. Formerly a major industrial center, it struggled economically in the transition from communism to capitalism in the 1990s....
Best Places to Buy Real Estate in Lodz
Best Places to Buy Real Estate in Lodz

Best Places to Buy Real Estate in Lodz

Lodz is Poland’s third largest city and most of its activity—at least for tourists—is centered in its historic center. Along with Krakow, it was one of the only cities in Poland to not...

Lodz's Real Estate Tips

📍Over 4,107 investors explored Lodz

Why You Should Invest in Lodz in 2020

Why You Should Invest in Lodz in 2020

Best Places to Buy Real Estate in Lodz

Best Places to Buy Real Estate in Lodz

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