ANALYSIS OF PROFITABILITY OF TRANSFORMATION OF THE PERPETUAL USUFRUCT RIGHT INTO THE RIGHT OF PROPERTY AT VARIOUS TIMES IN THE DURATION OF THE PERPETUAL USUFRUCT RIGHT

In view of the growing interest of foreigninvestors in investments in Poland, especially since Poland’saccession to the European Union, this article analyzes theprofitability of the transformation of the perpetual usufructlaw into the right of property at various times in the durationof this right, on the basis of the empirical formula presented inPolish law (the legal act) – The Ordinance of the Council ofMinisters on the valuation of real estate and the estimatedcadastre survey. It was analysed how the fee for thetransformation of the perpetual usufruct law into the right ofproperty changes depending on the assumed rate ofcapitalization, interest rate on the annual fee, the number ofyears in the unused period of usufruct.