Authored by the expert who managed and guided the team behind the Poland Property Pack
Everything you need to know before buying real estate is included in our Poland Property Pack
What do the latest numbers reveal about Poland’s real estate market? Are property prices on the rise, or are they stabilizing? Which cities offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Poland, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) By early December 2024, available units on the market reached 57,000, up 54% from 2023
The Polish real estate market hit a milestone with 57,000 available units by early December 2024, a 54% increase from 2023.
This surge in available homes came after the "Bezpieczny Kredyt 2%" program ended. This program had previously kept demand high by offering attractive credit options, which in turn kept the supply of housing units low. With the program's conclusion, developers released more units onto the market.
Interestingly, even with more homes available, housing sales dropped by 26% in the first 11 months of 2024 compared to the same period in 2023. This suggests a mismatch between supply and demand, with more homes sitting on the market longer.
For potential buyers, this could mean more choices and possibly better deals, as sellers might be more willing to negotiate. The market dynamics have shifted, creating a buyer's market where negotiation power is stronger.
However, the longer sales periods indicate that buyers are taking their time, possibly waiting for prices to adjust further. This situation is creating a unique opportunity for those looking to invest in property, as the market is currently in a state of flux.
Sources: Business Insider, Homfi
2) By the end of 2025, Warsaw’s residential property prices are expected to reach about 15,000 PLN per square meter
The real estate market in Warsaw has been on a steady rise through 2023 and 2024.
By mid-2024, the average price for existing flats in Warsaw was already 15,123 PLN per square meter, as reported by Global Property Guide. This figure is quite close to the anticipated 15,000 PLN mark for 2025, suggesting a strong market performance.
Experts from SonarHome and Warszawa.pl noted that the market is expected to stabilize by 2025. While some areas might see slight price decreases, the overall trend indicates that prices will likely remain high, similar to the levels seen in 2024.
Money.pl offered a detailed forecast, stating that the average price per square meter on the primary market had already exceeded 14,000 PLN. They predict a slight dip, with prices potentially reaching around 14.5 thousand PLN in early 2025, aligning with the stabilization trend.
This gradual decrease supports the idea that prices could average around 15,000 PLN by the end of 2025. The market's resilience is evident, with prices maintaining a high level despite minor fluctuations.
For potential buyers, this means that while the market may not see sharp increases, it is likely to hover around these high levels, offering a stable investment opportunity.
Sources: SonarHome, Warszawa.pl, Global Property Guide, Money.pl
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Poland versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Poland led the EU in house price growth for three straight quarters in 2024
In 2024, Poland led the EU in house price growth for three consecutive quarters.
One major reason for this surge is the strong demand for housing and investment properties in Poland. With more people eager to buy homes, prices naturally climbed. This demand was further fueled by the introduction of the "Bezpieczny Kredyt 2%" program in July 2023, which aimed to make home buying more accessible by offering affordable loans. This initiative allowed more individuals to enter the housing market, pushing demand and prices even higher.
Poland's real estate market has been on a steady rise for years. Since 2014, both the number of transactions and property prices have consistently increased. By 2023, the average price of existing flats in major Polish cities had soared to nearly 64% above the previous peak in 2008. This long-term growth trend set the stage for the significant price hikes observed in 2024.
In the context of the EU, Poland's housing market stood out. While many European countries experienced stagnation or decline, Poland's market thrived. This resilience can be attributed to a combination of economic stability and strategic government policies that encouraged homeownership and investment.
For potential buyers, this means that investing in Polish real estate could be a promising opportunity. The country's ongoing economic growth and supportive housing policies suggest that the market may continue to perform well. However, it's essential to consider the rapid price increases and assess whether this trend will sustain in the long term.
Sources: Money.pl, Global Property Guide, Bank.pl
4) Price growth in Poland started to moderate in Q3 and Q4 of 2024
In 2024, house prices in Poland started to slow down, especially during the third and fourth quarters.
Data from the Narodowy Bank Polski shows that in Q3 2024, apartment prices in major cities rose by just 1.7% from the previous quarter. This was a noticeable shift from earlier in the year when prices were climbing faster. For instance, in the seven largest cities, prices hit a record high, but the quarter-to-quarter increase was only 2%, indicating a cooling trend.
Looking at the annual growth, prices in these cities increased by 14.8% year-on-year in Q3 2024. This was a drop from the 16-17% growth rates seen in previous years, showing that while prices were still rising, they weren't skyrocketing as before.
In 2023, the trend was already becoming evident. The average price of existing flats in Poland's seven big cities rose by 5.5% year-on-year, much lower than the double-digit increases of earlier years. This suggests a broader trend of slowing price growth in the Polish housing market.
These changes are significant for potential buyers. The moderation in price growth could mean more opportunities to purchase property without the pressure of rapidly increasing costs. It's a shift that might make the market more accessible to those looking to invest in Polish real estate.
For anyone considering buying property in Poland, understanding these trends is crucial. The slowing pace of price increases might offer a more stable environment for investment, reducing the risk of sudden price spikes that have characterized the market in the past.
Sources: Business Insider, Global Property Guide
5) Wrocław’s available units reached 8,700, doubling by September 2024
By September 2024, Wrocław's housing units doubled to 8,700.
Despite a decline in sales, the city saw a steady influx of new flats. This means that while fewer people were buying, construction of new homes continued, leading to more properties on the market.
Unlike other major Polish cities, Wrocław maintained a consistent increase in housing supply. This steady addition of new flats played a crucial role in boosting the number of available units.
Wrocław's unique market dynamics set it apart, as the city managed to expand its housing inventory even when other regions struggled.
For potential buyers, this means more options and possibly better deals, as the increased supply could influence prices.
Source: JLL’s Quarterly Report
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6) By 2025, Łódź is expected to have an average rental yield of about 5.8%
In 2025, the average rental yield in Łódź is expected to be around 5.8%.
In 2024, Poland saw a steady increase in rental yields, moving from 5.75% in the first quarter to 6.03% by the third quarter. This trend highlights a robust rental market across the country, making it an attractive option for property investors.
Focusing on Łódź, rental yields for apartments varied between 5.05% and 6.09%, with the city averaging at 5.8%. This stability in rental yields indicates that Łódź is keeping pace with national trends, offering a reliable investment environment.
The Global Property Guide provides detailed insights into rental yields across Polish cities, reinforcing the investment potential in Łódź. The data suggests a consistent demand, making it a promising market for those looking to invest in property.
Sources: Global Property Guide, Global Property Guide
7) By 2025, the average price per square meter for homes in Gdynia is expected to be around 11,000 PLN
In 2025, the average price per square meter for residential properties in Gdynia is expected to be around 11,000 PLN.
Gdynia's real estate market has been on a steady rise, with prices climbing consistently over the past few years. According to SonarHome, a Polish real estate analysis platform, the price per square meter was 11,185 PLN in December 2024, showing a clear upward trend.
As we moved into 2025, the prices continued to increase. By January, the price had reached 11,249 PLN/m², and by February, it climbed to 11,313 PLN/m². This steady growth reflects the strong demand and limited supply in the area.
March and April saw further increases, with prices hitting 11,377 PLN/m² and 11,441 PLN/m², respectively. This pattern suggests that Gdynia is becoming an increasingly attractive location for property buyers.
In May 2025, the market is expected to peak at 11,505 PLN/m², indicating a robust and healthy real estate market. This consistent rise in prices highlights the city's growing appeal and economic stability.
Sources: SonarHome
8) By 2025, a one-bedroom apartment in Warsaw is expected to rent for about 3,500 PLN per month
In 2021, renting an apartment in Warsaw cost between 2300-2800 PLN per month.
Fast forward to 2024, and the price for a one-bedroom apartment jumped to 2955 PLN. This steady rise in rental prices highlights a clear trend over the years.
While there's no direct source confirming a 3,500 PLN average rent by 2025, we can make some educated guesses. Some experts suggest that rental prices might stabilize or even dip slightly due to rising living costs and lower creditworthiness among Polish citizens.
On the flip side, other sources predict a moderate increase, with rental prices potentially growing at a 5-7% annual rate. This growth could push the average rent closer to the projected 3,500 PLN mark.
Economic indicators and the balance between supply and demand are key factors here. Supply constraints and demand pressures significantly influence these market dynamics.
Understanding these trends is crucial for anyone considering buying property in Warsaw. The rental market's future hinges on these economic forces and their impact on pricing.
Sources: Byway.pl, Warszawa.pl, Careers in Poland, Doradca Budowlany
We have made this infographic to give you a quick and clear snapshot of the property market in Poland. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Poland's residential market saw a record 18% price increase year-over-year in Q1 2024
The Polish residential market is buzzing with a record 18% year-over-year price increase in Q1 2024.
In bustling cities like Warsaw and Kraków, the cost of new apartments has skyrocketed, with prices rising by more than 20% compared to last year. This trend is particularly striking in Kraków, where prices have surged by 27.7%, and in Warsaw, where they've jumped by 24.0%.
Across the seven largest cities, including Gdańsk, Gdynia, Kraków, Łódź, Poznań, Warsaw, and Wrocław, the average price per square meter for new apartments has climbed by 19.18% in Q1 2024. This increase is a clear indicator of the growing demand for urban living spaces.
The Bezpieczny Kredyt 2% program played a significant role in this price surge by boosting housing demand. However, its conclusion has led to a temporary imbalance in supply and demand, further driving up prices.
For those considering buying property in Poland, understanding these dynamics is crucial. The market's rapid changes highlight the importance of timing and location in making a sound investment.
Sources: Strefa Inwestorów, Stat.gov.pl, Business Insider
10) Kraków and Poznań saw a 1.16% monthly price drop in 2024
In 2024, both Kraków and Poznań saw a 1.16% monthly drop in property prices.
Just a year earlier, Kraków's housing market was booming with a 10.93% annual increase in house prices, while Poznań wasn't far behind with a 9.16% rise. These numbers painted a picture of a thriving market in 2023.
But things started to shift. Across Poland, the housing market began to slow down. Even with government initiatives like "Bezpieczny Kredyt 2 proc." aiming to boost the market, some cities, including Kraków and Poznań, began to experience slower growth or slight declines.
Interestingly, in April 2024, Poznań saw a 3% increase in the average price of new apartments. This might seem contradictory, but it highlights the market's fluctuations, which could explain the monthly decline observed in both cities.
These ups and downs in the market are not unusual and can be influenced by various factors, including economic conditions and buyer sentiment. The broader trend of deceleration in Poland's housing market likely played a role in the price dynamics of Kraków and Poznań.
Sources: Global Property Guide, Nowa Deweloper
11) By 2025, 18% of residential properties in Poland are expected to have home automation systems
The percentage of residential properties in Poland with home automation systems is expected to reach 18% by 2025.
Poland's smart home market is booming, with projections for 2024 showing it could hit 538.6 million dollars, a notable increase of 19.7% from the previous year. This upward trend is anticipated to persist, with an average annual growth rate of 13.24% from 2024 to 2028.
In the construction industry, there's a noticeable shift towards sustainable development and eco-friendly materials. Homes equipped with automation systems and energy management tools are becoming more popular, offering both savings and comfort. This trend towards smarter living spaces is likely driving the adoption of home automation.
By 2022, around 30% of new homes in Poland featured smart home elements, a figure that has remained stable. Homeowners are increasingly interested in expanding their smart device collections, indicating a growing enthusiasm for smart home technology.
These developments suggest a significant rise in the adoption of home automation systems in Poland, aligning with the expected growth in the market.
Sources: CRN Poland, MyBank, CRN Poland
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12) By 2025, residential property prices in Szczecin are expected to average around 9,000 PLN per square meter
By 2025, the average price per square meter for residential properties in Szczecin is projected to be around 9,000 PLN.
This estimate comes from SonarHome, a reliable source that has been tracking real estate prices in Szczecin for years. Their data shows that by May 2025, the price per square meter is expected to be about 8,999 PLN. This is part of a larger trend where prices have been steadily climbing.
For example, from the start of 2024 to the end of that year, there was a notable increase of 8.45% in property prices. This upward trend is influenced by several factors, including growing demand and favorable economic conditions.
SonarHome's data paints a clear picture of the market's evolution, showing a consistent rise in property values. This trend is driven by market dynamics and other economic factors that are shaping the real estate landscape in Szczecin.
Understanding these trends is crucial for potential buyers, as it highlights the importance of timing and market conditions. The data suggests that investing in Szczecin's real estate could be a wise decision, given the projected increase in property values.
Sources: SonarHome, Property Journal, BitHub.pl
13) Kraków saw a slight sales increase in Q3 2024, while Wrocław and Tri-City experienced declines of 6% and 10% respectively
In the third quarter of 2024, Kraków showed a slight sales increase, bucking the national trend.
This uptick in Kraków is intriguing because it aligns with the city's ability to maintain high property prices despite a growing supply of homes. The demand in Kraków seems robust enough to support these prices, which might explain why sales didn't decline.
Meanwhile, Wrocław saw a 6% drop in sales during the same period. This decline is part of a broader trend of a slowing real estate market in the city. Despite this, developers in Wrocław continue to introduce new properties, potentially increasing supply faster than demand.
In the Tri-City area, which includes Gdańsk, Gdynia, and Sopot, sales fell by 10%. Like Wrocław, the Tri-City is experiencing a slowdown in sales activity. However, it remains a key player in Poland's real estate market, indicating that while sales have dipped, the region still holds significant market value.
These shifts highlight the varied dynamics across Poland's real estate landscape. While Kraków's market remains resilient, Wrocław and the Tri-City face challenges with oversupply and reduced demand.
Sources: JLL Polska
14) Residential property prices increased by 17.67% in Q2 2024
In Q2 2024, residential property prices in Poland surged by 17.67% compared to the previous year.
This jump is largely due to government initiatives like "Bezpieczny kredyt 2 proc." (Safe Loan 2%), which offered low-interest loans to make home buying more accessible. As a result, demand for housing spiked, especially in major cities such as Warsaw, Kraków, and Wrocław, where prices exceeded 10,000 zł/m² (around €2,500/m²).
Although the pace of price growth slowed slightly from earlier quarters, it remained significant. In Q1 2024, for instance, prices had risen by 18% year-over-year, marking one of the highest increases in the European Union at that time.
These price hikes reflect a broader trend in Poland's real estate market, where urban areas are seeing heightened demand due to economic growth and favorable lending conditions.
For potential buyers, this means navigating a competitive market where property values are climbing steadily, driven by both local and international interest.
Understanding these dynamics is crucial for anyone considering a property investment in Poland, as the market continues to evolve with these economic shifts.
Sources: Trading Economics, Bankier.pl
We made this infographic to show you how property prices in Poland compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
15) Warsaw saw stable sales with 3,000 units sold in Q3 2024
In the third quarter of 2024, Warsaw's residential market remained stable with 3,000 units sold.
Reports from JLL Poland highlight that the number of apartments sold in Warsaw was nearly unchanged from the previous quarter, maintaining around 3,000 units. This consistency is echoed by the Property Forum, which also confirms Warsaw's stable sales at approximately 3,000 units during this period.
Interestingly, while the six largest markets in Poland, including Warsaw, experienced a 6.9% decrease in sales quarter-over-quarter, Warsaw's numbers held steady. This indicates that the demand for residential properties in Warsaw is relatively consistent, even as other cities in Poland saw a slight slowdown.
Despite the broader market trends, Warsaw's ability to maintain its sales figures suggests a unique resilience. This could be due to various factors such as local economic conditions, buyer preferences, or even the availability of desirable properties.
For potential buyers, this stability might be reassuring, indicating a balanced market where demand and supply are in sync. It also suggests that Warsaw remains an attractive option for those looking to invest in property, with a steady flow of transactions.
Sources: JLL Poland, Property Forum
16) Gdańsk and Bydgoszcz saw the highest monthly price increases in 2024, at 2.14% and 1.99% respectively
In 2024, Gdańsk and Bydgoszcz recorded the highest monthly price increases in Poland.
Gdańsk's property market is buzzing, with median apartment prices hitting 13,600 zł/m² in September 2024. This surge is particularly noticeable in areas like Wyspa Sobieszewska and Śródmieście, where demand is strong and prices are soaring.
Meanwhile, Bydgoszcz isn't far behind. In July 2024, the city saw a median price of 8,772 zł/m², reflecting a growing interest in neighborhoods such as Czyżówkowo and Górzyskowo. These areas are becoming hotspots for buyers, driving up the prices.
Across Poland, the housing market is on an upward trend. In 2023, there was a 5.5% year-on-year increase in house prices, showing a nationwide pattern of rising costs. This trend is making waves in various cities, not just Gdańsk and Bydgoszcz.
For potential buyers, understanding these dynamics is crucial. The high demand in specific districts is a key factor in the price hikes, and knowing where these areas are can help in making informed decisions.
As the market evolves, keeping an eye on these trends can offer insights into future opportunities. Whether you're looking at Gdańsk's bustling districts or Bydgoszcz's emerging neighborhoods, staying informed is essential for navigating the property landscape.
Sources: Podkluczyk.pl, Global Property Guide, Podkluczyk.pl, Notes from Poland
17) Poznań and Łódź saw the biggest sales declines in Q3 2024, dropping 22% to 25%
In the third quarter of 2024, Poznań and Łódź experienced the largest sales drops in new flats, with declines ranging from 22% to 25%.
Across Poland, the housing market saw developers selling about 9,200 units, which is a 6.9% overall decline. While Warsaw's sales held steady and Kraków even saw a slight uptick, cities like Wrocław and the Tri-City also faced declines, though not as severe as Poznań and Łódź.
The sharp drop in these two cities hints at a weakening demand for new flats. This could be influenced by several factors, such as economic conditions, the availability of credit, and changes in what buyers are looking for.
In Poznań and Łódź, potential buyers might be feeling the pinch from tighter credit conditions or perhaps they're waiting for better deals. Economic shifts can also play a role, affecting how confident people feel about making big purchases like property.
Meanwhile, Warsaw's stable sales and Kraków's slight increase suggest that these markets are more resilient or appealing to buyers right now. It could be due to better job opportunities or more attractive living conditions.
For anyone considering buying property in Poland, it's crucial to understand these dynamics. The market is not uniform, and local factors can greatly influence sales trends.
Sources: JLL Polska Residential Market Report Q3 2024, JLL Polska Residential Market Report Q3 2024
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.