Authored by the expert who managed and guided the team behind the Poland Property Pack
Yes, the analysis of Warsaw's property market is included in our pack
Why is Warsaw emerging as a prime destination for property investment in 2025? Is it the robust rental yields, the vibrant cultural scene, or the competitive pricing compared to other European capitals? What are the key advantages for investors?
We get asked these questions all the time because we’re on the ground, working closely with developers, real estate agents, and investors like you. With so much interest in this market, we’ve decided to turn our individual answers into a comprehensive article for everyone to benefit from.
Our goal is to provide a clear case for investing in Warsaw's real estate market, backed by our firsthand experience and market knowledge.
If you think we missed an important point in our content or want to know more, don’t hesitate to reach out (we answer super fast). Your feedback makes our content even stronger.
Finally, please note that this is not financial or investment advice. Investing in real estate carries inherent risks, and market conditions can change unexpectedly. We strongly encourage you to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
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1) With a booming retail sector, Warsaw’s neighborhoods are becoming more desirable
Warsaw's retail scene is buzzing, making its neighborhoods more desirable.
In 2024, retail sales in Warsaw showed a steady upward trend, with a 5.0% increase in the first quarter compared to the previous year. By July, sales had grown by 4.4%, and August saw a 2.6% rise year-on-year. This consistent growth highlights a vibrant retail environment that draws in both shoppers and businesses.
Shopping centers are bustling, with an average of 450,000 visitors per retail scheme in the third quarter of 2024. This surge in foot traffic is a testament to the retail sector's energy, pulling people into the area and boosting the charm of nearby neighborhoods.
New retail developments and international brands are adding fuel to the fire. In Q3 2024, 102,000 sqm of new retail space was introduced, and ten international brands made their debut in Poland, with seven choosing Warsaw for their first stores. These additions not only broaden shopping options but also enhance the city's reputation as a shopping hotspot.
Such retail expansion is transforming Warsaw into a more attractive place for both residents and tourists. The influx of new brands and retail spaces is not just about shopping; it's about creating vibrant communities where people want to live and visit.
Sources: Property Forum, Knight Frank, BNP Paribas Real Estate
2) Warsaw’s walkable neighborhoods make properties more desirable
Warsaw's neighborhoods have become more walkable in recent years, making them more desirable places to live. One of the key reasons is the increased pedestrian infrastructure projects. For instance, the construction of a new pedestrian and bicycle bridge over the Vistula River has made it easier for people to move between different parts of the city, enhancing connectivity and convenience.
Another significant development is the upgrade of Jana Pawła II Avenue. This project has transformed the area by widening pavements, creating cycling lanes, and reducing the number of car lanes. These changes have made the avenue more pedestrian-friendly, encouraging more people to walk and cycle, which in turn boosts the appeal of nearby properties.
Moreover, the city government has been actively promoting walkable urban development through initiatives like the New Warsaw City Centre Project. This project focuses on creating greener and safer spaces for pedestrians and cyclists, which not only improves the quality of life but also increases property values in these areas.
Real estate market analyses have shown that neighborhoods such as Śródmieście and Praga are experiencing high property value increases. This trend is driven by the limited housing stock, upcoming renovations, and the growing demand for properties in central Warsaw, all of which are enhanced by the improved walkability of these areas.
Sources: WhiteMad, GTC MPO, Institut Paris Region, WhiteMad
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.
3) With Warsaw’s historical sites drawing tourists, you can easily rent out your property short-term
Warsaw's historical sites are a magnet for tourists, boosting short-term rental opportunities.
With its rich history, attractions like the Old Town and the Royal Castle make Warsaw a top pick for cultural holidays and family city breaks. This interest is evident as 4.6 million tourists stayed in accommodations in 2023, a 7.7% rise from the previous year.
Short-term rentals in Warsaw are thriving, with a typical listing booked for 234 nights annually and a median occupancy rate of 64%. This trend is fueled by the city's allure and the growing number of visitors.
By September 2024, the number of Airbnb listings in Warsaw had climbed to 9,209 active listings, showcasing the demand driven by tourism. This surge reflects the city's status as a sought-after destination.
Warsaw was even named the most attractive tourist destination in Europe in 2023, underscoring its appeal. This recognition further cements its position as a hotspot for travelers.
For those considering property investment, Warsaw's vibrant tourism scene offers promising short-term rental prospects. The city's historical charm and growing visitor numbers make it an attractive option.
Sources: Warsaw Statistics, Airbtics, Poland Convention Bureau
4) With Warsaw's diversifying economy, your investment risk is lower
Warsaw's economy is diversifying, making it a safer bet for property investors.
In the coming years, Warsaw's GDP is set to grow by 3.0% in 2024 and 3.6% in 2025. This steady growth shows that the city is building a strong economic foundation, capable of weathering industry-specific downturns. It's like having a safety net for your investment.
Foreign investors are taking notice too. From 2023 to 2025, 29% of investors see Warsaw as a top investment spot. This is a big jump from previous years, signaling trust in the city's economic health and its potential to thrive across different sectors.
Warsaw is also becoming a tech hotspot, especially in fintech. About 45% of Polish fintech companies are based here, turning the city into a hub of innovation. This boom is backed by a solid financial system and a lively startup scene, drawing in both local and international players.
Sources: European Commission, Poland Weekly, Antal Poland
5) Warsaw offers a more stable property market compared to other European capitals
Warsaw's real estate market is less volatile than other European capitals for several reasons. One key factor is the stable property price growth observed in recent years. In 2023, Warsaw's residential property prices increased by a modest 2.24% year-over-year, which is relatively low compared to cities like Kraków, where prices grew by 10.93%.
Another reason is the lower historical price fluctuations in Warsaw. The city has experienced fewer boom-and-bust cycles, maintaining a steady growth trajectory over the years. This consistent growth pattern contributes to the market's stability.
Additionally, Warsaw's real estate market has been less impacted by global financial crises. The strong local economy and job market have supported housing demand, making the market more resilient to external economic shocks. This resilience is further bolstered by government policies aimed at supporting housing stability, such as mortgage subsidy schemes for first-time buyers.
Sources: JLL Luxembourg, Global Property Guide
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6) With more international businesses, Warsaw is attracting more expatriates
Warsaw is becoming a hotspot for international business, attracting more expatriates each year.
One big reason is the surge of multinational companies setting up shop in the city. Between 2023 and 2025, Warsaw emerged as a top investment destination, drawing more interest than in previous years. This trend is reshaping the city into a bustling business hub.
Foreign direct investment is also on the rise, with Warsaw leading the way in Poland. The city frequently ranks high among European cities for foreign investment, showcasing its strong appeal to global investors. This influx of capital is creating a dynamic business scene that attracts international talent.
Warsaw's airport expansion and new international flight routes have made the city more accessible. With increased capacity and connections to major global hubs, travel for expatriates and business visitors has become much easier, enhancing the city's appeal.
These developments are not just about business; they are transforming Warsaw into a vibrant, cosmopolitan city. The growing international presence is fostering a diverse community, making it an exciting place to live and work.
For those considering a move, Warsaw offers a unique blend of opportunity and accessibility, making it an attractive option for expatriates looking to relocate.
Sources: Antal and Cushman & Wakefield, Aviation Week, PwC and other experts
7) Warsaw’s booming tech scene draws young professionals, increasing demand for housing
Warsaw's tech industry has been growing rapidly, making it a magnet for young professionals. In the past few years, the city has become a significant hub for tech startups, with over 3,000 startups calling Poland home. Successful companies like Allegro, LiveChat, and Brainly have contributed to this vibrant ecosystem, attracting talent from all over.
Foreign investments have played a crucial role in this growth. For instance, Intel's $4.6 billion investment in semiconductor facilities and Visa's global tech hub have created thousands of jobs. These investments highlight Warsaw's strategic importance in the tech world and offer numerous opportunities for tech professionals.
The demand for tech talent is evident, with the IT industry contributing significantly to Poland's GDP. Companies like Google and Microsoft are expanding their operations in Warsaw, further boosting job opportunities. This expansion has led to a rising demand for housing, especially in tech-centric neighborhoods, driving up property prices.
Warsaw's appeal is not just about jobs; it's also about lifestyle. The city offers a dynamic environment, reasonable living costs, and a skilled workforce, making it a preferred destination for tech professionals. The influx of young professionals has been supported by the growth of coworking spaces and tech incubators, fostering collaboration and innovation.
Sources: SeedBlink, Trade.gov.pl, Emerging Europe
8) You can boost property value with renovation incentives from the local government
The local government offers incentives for property renovations to increase property value for several reasons. First, the Polish government has expanded its "Warm Housing" program, which provides funding for property renovations aimed at improving energy efficiency. This program allows individuals to receive up to 43,900 zloty, while housing associations can apply for up to 375,000 zloty in funding.
Additionally, the climate ministry has announced tax breaks for new property developments and incentives for energy-efficient renovations. This shows a clear commitment from the local government to support property renovations. The success of the "Warm Housing" program, which has already seen over 33,500 housing units renovated, further indicates the effectiveness of these incentives.
Moreover, the real estate market in Warsaw has experienced a surge in demand, with rental prices increasing by 47% over the past five years. This growth is attributed to high demand from locals and expatriates, suggesting that government incentives positively impact the market. The average transaction price of existing flats in Warsaw rose by 14.52% in Q2 2024 from a year earlier, indicating a strong market.
Sources: Notes from Poland, Global Property Guide, Poland Weekly
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Poland. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Warsaw attracts young entrepreneurs needing housing because it’s a startup hub
Warsaw has become a vibrant hub for startups, attracting many young entrepreneurs who need housing. In recent years, the city has seen a significant rise in the number of startups, with about 280 startups representing 35% of Poland's total. This growth is particularly strong in industries like Social & Leisure, Marketing & Sales, and Ecommerce & Retail.
The tech ecosystem in Warsaw is also thriving, with expertise in areas such as data science, machine learning, and AI. This has led to increased investment in the sector, with a 14% growth in 2024 compared to the previous year, reaching PLN 1.57 billion. Such financial backing makes Warsaw an attractive place for startups to flourish.
Moreover, the city offers a supportive environment for businesses, with government incentives and a business-friendly atmosphere. Warsaw's global ranking within the top 100 startup ecosystems highlights its strong business environment. The influx of young professionals to the city has driven up the demand for rental properties, indicating a need for housing solutions tailored to this demographic.
Sources: Startup Ecosystem of Warsaw, Why Warsaw is the Tech Capital of Poland?, Poland's Start-up Potential
10) With better healthcare, Warsaw is becoming a top choice for retirees
Warsaw's healthcare system has been improving significantly, making it an attractive destination for retirees. One of the key factors is the increased government investment in healthcare infrastructure. In 2024, the Polish government allocated a record PLN 190 billion for healthcare, which is more than double the amount from 2015. This funding has been used to modernize hospitals and health centers, enhancing the quality of care available.
Another important aspect is the expansion of private healthcare services and facilities. As the wealth of Polish citizens has increased, so has the demand for private medical services. This has led to a thriving healthcare market, with an average annual growth forecast of 8.3% from 2023 to 2028. This growth provides more options and better services for retirees seeking healthcare in Warsaw.
Additionally, Warsaw has seen improvements in patient-centered care, which has positively impacted patient satisfaction. Poland's quality rankings in patient-centered care rose significantly, and many retirees have reported better healthcare experiences. This focus on patient care is crucial for attracting retirees who prioritize quality healthcare.
Moreover, the introduction of advanced medical technologies and treatments in Warsaw's hospitals has further enhanced the quality of care. Facilities are now equipped with modern technologies, such as photovoltaics and heat pumps, which improve the overall healthcare experience for patients.
Sources: Government of Poland, World Index of Healthcare Innovation, Trade.gov.pl
11) Government infrastructure investments are boosting property values
The government has been investing heavily in infrastructure projects, particularly in transportation, which has a direct impact on property values. In Warsaw, for example, there has been a significant expansion of the metro system. By 2023, plans were already in place to more than double the size of the metro, with new lines connecting various districts, making the city more accessible.
These infrastructure improvements, such as the construction of the third and fourth metro lines, are designed to ensure that a majority of residents live within a short distance of a metro station. This increased accessibility makes neighborhoods more attractive to potential buyers, leading to a rise in property values.
Additionally, the development of new road networks, like the Via Carpatia, further enhances connectivity. This international route, with its supporting infrastructure, is a major investment that not only improves transportation but also boosts the appeal of nearby areas, contributing to higher property values.
Real estate experts have long noted that infrastructure is a key factor in property value appreciation. As neighborhoods become better connected through these projects, they become more desirable, leading to increased demand and higher property prices.
Sources: Notes from Poland, Chambers Practice Guides, Trade.gov
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12) With more green spaces, Warsaw offers a better quality of life for its residents
Warsaw is becoming greener, boosting the quality of life for its residents.
The city government is heavily investing in public parks, with initiatives like the "Million Trees" project. This effort involves planting a million trees across Warsaw, and residents are actively involved by suggesting locations through a mobile app. This not only increases green spaces but also fosters community engagement, making the city more livable and vibrant.
New urban developments are also playing a role in this green transformation. Many housing projects now include green areas in their designs, integrating nature into the urban landscape. This trend is reshaping neighborhoods, offering residents more places to relax and enjoy the outdoors without leaving the city.
Warsaw's focus on improving air quality and reducing urban heat is another key factor. The city's Green Vision roadmap is pushing for more trees and cycling infrastructure, helping to cool the city and clean the air. This plan is not just about aesthetics; it's about creating a healthier environment for everyone.
The Green City Action Plan is a comprehensive strategy that covers everything from smart energy to transport. By promoting eco-friendly initiatives, Warsaw aims to cut greenhouse gas emissions and solidify its reputation as a green capital. This plan is a blueprint for sustainable urban living, making the city a model for others to follow.
With these efforts, Warsaw is not just adding more green spaces; it's transforming into a city where nature and urban life coexist harmoniously. Residents are already feeling the benefits, from cleaner air to cooler streets, making Warsaw a more attractive place to live.
Sources: MDPI, IoT M2M Council, Warsaw Insider, Poland Daily 24
13) Warsaw's growing population boosts housing demand
Warsaw's population has been steadily increasing over the years, with the metro area population reaching 1,800,000 in 2025, marking a slight rise from 2024. This consistent growth is part of a broader trend observed over the past few years, including a 0.28% increase from 2021 to 2022.
Migration trends also play a significant role, as Warsaw continues to attract people from other regions and countries. This influx is driven by the city's reputation as a desirable place to live and work, contributing to its growing population.
Additionally, Warsaw's economic growth indicators suggest that the city is becoming increasingly attractive to residents. The strong economy and high standard of living are major draws for both domestic and international migrants.
Sources: Macrotrends, World Population Review
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.