warsaw

polish zloty fallsA 10 per cent fall in the zloty since the eurozone debt crisis in the summer, means that property prices in Poland have become even sweeter for UK investors, but not everyone is smiling. As Investors Chronicle reports,  First Property ‘s share price has fallen by almost 25 per cent recently due to the weakness of the Polish zloty against the euro, but also against sterling.

First Property manages properties for institutions in Poland but has direct exposure to the zloty through its new Fprop Opportunities fund and two fully-owned properties in Warsaw. Read the full article.