Poland’s real estate market continues to attract foreign investors. As a property consultant, I’ve witnessed firsthand the evolving landscape of international property purchases in this dynamic Central European nation.

Key Trends in 2024

1. Slight Dip in Foreign Purchases Foreign buyers acquired over 14,300 apartments in Poland in 2024, a minor decrease from the previous year.
2. Ukrainian Dominance Ukrainian citizens led the pack. They purchased a whopping 380,000 square meters of living space. I’ve helped several Ukrainian families find their dream homes in Warsaw’s bustling districts.
3. Belarusian Surge Belarus citizens emerged as the fastest-growing group of foreign buyers. They snapped up 111,000 square meters of property. Their Interest in Polish real estate has skyrocketed recently.
4. German Interest Wanes: Once a major player, German buyers acquired just 54,000 square meters, marking a significant drop in their market participation.

Historical Context

Poland’s EU membership sparked foreign Interest in its property market. The trend grew steadily until 2022. COVID-19 briefly dampened enthusiasm. But the market rebounded swiftly.

Impact of Geopolitical Events

The Ukraine war has reshaped the market. It has cooled Interest from Western buyers, and Germans, French, British, and Americans have become more hesitant. Yet, it has driven increased investment from Poland’s eastern neighbours.

Popular Locations

Warsaw, Krakow, and Wroclaw remain top choices. These cities offer a blend of history, culture, and economic opportunities. I’ve guided countless clients through Krakow’s charming streets, helping them find perfect investment properties.

Looking Ahead

The Polish property market continues to evolve. Eastern European buyers are reshaping demand. Western Interests may rebound as geopolitical tensions ease. International investors should watch these trends closely.