Abstract: A method for preparing polyester by use of a catalyst. The method comprises the steps of: esterifying either a terephthalic acid, a dicarboxylic acid containing terephthalic acid or derivatives thereof with either ethylene glycol or a glycol containing ethylene glycol, or derivatives thereof to produce an esterification product containing either bis(.beta.-hydroxyethyl) terephthalate, its low molecular weight polymer, or a combination of .beta.-hydroxyethyl terephthalate and its low molecular weight polymer; and continuously polycondensing the obtained esterification product to prepare a polyester, wherein in the said polycondensing step, a composite polymerization catalyst dissolved in an ethylene glycol or an ethylene glycol-containing solution, consisting of a compound of antimony, a compound of titanium, and a compound of tin is used.