Secondary Property Market
The segment of the property market covering units that already have a prior owner and are being resold, as opposed to new units sold directly by a developer.
Сфера дії: Польща.
Визначення
The secondary market (rynek wtórny) covers any unit that has already had at least one owner — most often bought and sold through a standard sale agreement rather than under the developer-specific protections of the Act on the Protection of Rights of Buyers of a Residential Unit or Single-Family House.
Because the unit already exists, it typically has an established land and mortgage register entry that a buyer can and should review before making an offer, and possession usually transfers at or shortly after signing, rather than at a future construction-completion date.
Secondary-market sales are typically subject to the tax on civil-law transactions (PCC) at 2% of the property's value, paid by the buyer and collected directly by the notary at signing, rather than VAT.
Приклади
A buyer purchasing a 20-year-old apartment on the secondary market has their lawyer pull its existing land and mortgage register entry before making an offer.
A secondary-market buyer pays 2% PCC tax on the purchase price, collected by the notary at the signing of the notarial deed.
Unlike a primary-market purchase, a secondary-market buyer typically receives the keys within weeks of signing, rather than waiting for construction to finish.
Як це впливає на купівлю та продаж
Buyers on the secondary market should treat the existing land and mortgage register as their main source of truth about the property's legal condition, since — unlike a primary-market purchase — there's no developer escrow account or information prospectus standing behind the transaction.
