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
What do the latest numbers reveal about Warsaw’s real estate market? Are property prices on the rise, or are they stabilizing? Which districts 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 Warsaw, 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.
How this content was created 🔎📝
1) Warsaw's residential property prices are expected to increase by at least 3% in 2025
In 2025, Warsaw's residential property prices are expected to rise by at least 3%.
Warsaw is buzzing with economic growth, thanks to the arrival of international companies and a steady stream of expatriates. This influx has created a vibrant economic environment, driving up the demand for housing. The city's appeal is not just for locals but also for those coming from abroad, making it a hotspot for property investment.
The rental market in Warsaw is on fire, with prices climbing due to high demand. This surge is fueled by both locals and expatriates seeking homes. The situation has been exacerbated by the limited availability of rental properties, a consequence of the Ukraine war and inflationary pressures. As a result, finding a rental home in Warsaw has become increasingly competitive.
Warsaw's population is growing rapidly, with projections indicating it will hit 2 million residents by 2024. This growth is largely due to urbanization and a significant influx of foreigners, including many Ukrainians. The rising population is putting additional pressure on the housing market, further driving up property prices.
For those considering buying property in Warsaw, these factors suggest a promising investment opportunity. The city's economic dynamism, coupled with a booming rental market and a growing population, are key indicators of a strong real estate market. As demand continues to outstrip supply, property values are likely to keep climbing.
Investors should keep an eye on these trends, as they highlight the potential for significant returns. With Warsaw's property market showing no signs of slowing down, now might be the perfect time to consider investing in this thriving city.
Sources: Cushman & Wakefield, Atlant Estates
2) The average cost of a parking space in Warsaw is now 50,000 PLN
In Warsaw, the cost of parking spaces has been on the rise, reflecting various market dynamics.
In 2023 and 2024, parking spaces in garages were priced between 30,000 PLN and 45,000 PLN, depending on the location and type. This range highlights the variability in pricing, influenced by factors such as proximity to city centers and the type of building.
Looking ahead to 2025, the average cost of a parking space is expected to reach 50,000 PLN. This increase can be attributed to inflation, a surge in demand, and the scarcity of available spaces in prime areas, which are all driving prices upward.
Moreover, the trend of charging for parking in residential and commercial buildings has likely contributed to this upward pricing trend. As more buildings adopt this strategy, the overall cost of parking spaces is pushed higher.
While the sources do not explicitly confirm an average cost of 50,000 PLN, they provide a context where such a price is plausible. The market dynamics, including increased demand and limited availability, support this potential pricing scenario.
Sources: Rynek Pierwotny, Parkade
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) Foreign buyers purchasing residential properties in Warsaw increased by 7% in 2024
In 2024, Warsaw saw a 7% increase in foreign buyers purchasing residential properties.
This surge is part of a broader trend across Poland, where around 15,000 apartments were snapped up by foreign nationals. Buyers from Ukraine and Belarus were particularly active, acquiring a significant amount of property. Their interest likely fueled the rise in foreign ownership in Warsaw.
Interestingly, the Warsaw housing market became more appealing due to a 27.8% drop in median sale prices from the previous year. This price dip offered foreign investors affordable opportunities in a competitive market.
Despite the overall price decrease, Warsaw still held its title as the most expensive market in Poland. In the second quarter of 2024, apartment prices in the city rose by 22% compared to the same period in 2023, highlighting strong demand and potential investment returns.
These dynamics made Warsaw an attractive destination for foreign buyers, who were keen to capitalize on the city's investment potential. The combination of lower prices and high demand created a unique opportunity for those looking to invest in the Polish capital.
Sources: Varso Invest, Redfin, Realting
4) Properties sold in Warsaw's suburbs rose by 8% in 2024
In 2024, property sales in Warsaw's suburbs jumped by 8%.
This shift is part of a broader trend in the Warsaw housing market. From November 2023 to November 2024, home sales in the city surged by 69%, climbing from 13 to 22 properties. While this data doesn't isolate the suburbs, it highlights a general increase in property transactions.
Interestingly, early 2024 saw a decline in demand for apartments in Warsaw and other major Polish cities. Despite this, apartment prices kept rising, indicating a resilient market. This scenario likely nudged buyers to explore suburban options, where prices could be more attractive.
For potential buyers, this means the suburbs might offer a more appealing balance of cost and availability. The ongoing price hikes in the city center make suburban areas a viable alternative for those seeking value.
As the market evolves, the suburbs are becoming increasingly popular. This trend is driven by a combination of rising city prices and the desire for more space, making suburban living an attractive option.
With these dynamics at play, the suburbs of Warsaw are seeing a noticeable uptick in interest and sales, reflecting broader shifts in buyer preferences.
Sources: Redfin, Realting.com
5) Warsaw is expected to see a 6% rise in rental properties by 2025
In 2025, Warsaw is expected to see a 6% increase in the number of rental properties.
This growth is fueled by the city's vibrant expansion, with an influx of expatriates and a population surge that could hit 2 million by 2024. As more people flock to Warsaw, the primary real estate market is buzzing with new listings, signaling a boost in available apartments.
Despite this, the rental market remains steady, with prices on the rise. Apartments sized between 40-60 sqm have seen a 5.5% year-on-year increase in rental prices, making them a hot commodity. This trend highlights the demand for mid-sized living spaces in the city.
While the number of rental properties is climbing, it's crucial to keep an eye on the broader economic landscape. Factors like employment rates and economic policies could play a role in shaping the market's future.
For those considering a move to Warsaw, understanding these dynamics is key. The city's growth offers opportunities, but it's important to stay informed about potential shifts in the market.
As Warsaw continues to evolve, the real estate scene is set to become even more dynamic. Whether you're looking to rent or invest, keeping tabs on these trends will be essential.
Sources: Atlant Estates, Homely Estates
Don't buy the wrong property, in the wrong area of Warsaw
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
6) Warsaw residents now have an average commute time of 35 minutes
In Warsaw, the average commute time is now 35 minutes.
Living in the heart of the city has its perks, with residents enjoying a quick 15-minute commute thanks to excellent public transport connections. However, if you're considering areas like Białołęka, Wilanów, or Ursynów, be prepared for a longer journey, often exceeding 30 minutes, due to their distance from the city center.
Transportation choices significantly impact how long you'll spend commuting. In central Warsaw, public transport is a breeze, but in the suburbs, it can be a different story. Public transport tends to be slower in outlying districts, making it a less attractive option for those living further out.
Driving is another option, but it's a mixed bag. Car travel times fluctuate based on traffic and where you're headed, so it's not always the fastest choice.
For those eyeing a property in Warsaw, understanding these commute dynamics is crucial. Central areas offer convenience with their efficient transport links, while suburban living might mean more time on the road.
Ultimately, your daily travel time will depend on where you choose to live and how you get around. Weighing these factors can help you make an informed decision about your potential new home in Warsaw.
Source: Resider
7) Warsaw apartments now average 3 rooms
In Warsaw, apartments with 2 or 3 bedrooms have become the norm in 2023 and 2024.
This trend is largely due to the city's typical apartment layouts, where most homes fall within this range. The high average price per square meter in Warsaw also influences this preference. Larger apartments, which justify these costs, are more common, leading to many apartments being designed with 3 rooms to balance space and affordability.
As the real estate market grew during these years, developers were eager to offer a variety of layouts. Despite this variety, the 3-room configuration remained a popular choice among buyers. This setup caters to different needs, providing a balance between space and cost.
For those considering buying property in Warsaw, understanding these trends is crucial. The preference for 3-room apartments reflects a balance that many find appealing, especially given the city's pricing dynamics. This setup not only meets the needs of families but also appeals to investors looking for properties with good resale value.
In summary, the average number of rooms in Warsaw apartments is now 3, a figure that aligns with the city's evolving real estate landscape. This trend is driven by a combination of factors, including pricing and buyer preferences, making it a key consideration for potential buyers.
Sources: SonarHome, Expatriate Consultancy, Wise
8) The average bathroom renovation in Warsaw now costs 15,000 PLN
The average cost of a bathroom renovation in Warsaw is now 15,000 PLN.
In recent years, particularly in 2023 and 2024, bathroom renovation costs have varied widely. This fluctuation largely depends on the scope of work and the quality of materials chosen. For example, the general cost range for a bathroom remodel in the U.S. was between $6,640 and $17,622, with a national average of $12,115. This shows how choices in materials and renovation complexity can significantly impact the final cost.
In Warsaw, specific tasks like laying floor tiles were priced between 41.50 to 44.80 zł/m². This indicates that both labor and material costs in Warsaw have remained relatively stable, which plays a crucial role in shaping the overall renovation budget.
Adding a new bathroom in Warsaw could cost anywhere from 5,000 to 35,000 PLN, depending on the project's complexity. This wide range highlights how different factors, such as design intricacies and material selections, can influence the total expense.
Understanding these costs is essential for anyone considering a property purchase in Warsaw. It helps in planning and budgeting for potential renovations, ensuring that you are well-prepared for any financial commitments.
Whether you're looking to update an existing bathroom or add a new one, knowing these figures can guide your decisions and help you make informed choices about your investment.
Sources: KB.pl, Angi, Rynek Drzewny
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) New homes in Warsaw now have an average energy efficiency rating of B+
Warsaw is making impressive progress in boosting the energy efficiency of its new homes.
Poland has set ambitious energy efficiency standards, requiring new residential buildings to have an energy demand of 70 kWh per square meter per year. This aligns with the European Commission's recommendations for continental climates, ensuring that homes are built to conserve energy effectively.
In Warsaw, there are several initiatives aimed at enhancing energy efficiency, particularly in social housing. One notable project is the Carbon-neutral and Affordable Retrofits for Everyone in Need (CARE), which focuses on retrofitting social housing to cut down energy consumption and improve living conditions. This is vital as a large portion of Warsaw's energy still comes from fossil fuels like coal, which are not only inefficient but also contribute to energy poverty.
The energy efficiency classification system, ranging from A+ to G, helps in understanding how buildings are rated based on their energy use. Although the specific average rating of B+ for new homes in Warsaw isn't explicitly mentioned, the city's efforts to meet these stringent standards and retrofit existing buildings indicate a positive trend towards better energy efficiency.
Warsaw's commitment to energy efficiency is evident in its projects and policies, which are designed to reduce reliance on fossil fuels and promote sustainable living. These efforts are crucial in a city where energy efficiency is becoming a priority for both environmental and economic reasons.
As Warsaw continues to implement these initiatives, the city is setting an example for others in the region, showing that with the right policies and projects, significant improvements in energy efficiency are achievable.
Sources: Termomodernizacja, C40 Cities
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.