Poland Property Market 2024: Prices Cooling After Record Growth

Poland’s Property Market: The New Reality

Poland’s property market is showing healthy signs of stabilization after exceptional growth. The latest Eurostat data reveals promising trends for investors and homebuyers.

The Polish property surge is finally cooling. We watched prices climb 18% over the past year, outpacing most European markets threefold.

Only Turkey saw faster growth, hitting a staggering 50% increase. But there’s a crucial difference. Turkey’s spike stems from runaway inflation. Poland’s growth reflects real market strength.

Here’s what the numbers tell us:

– Poland: 18% annual price increase

– European average: 6% annual growth

– Quarter-on-quarter: Poland now ranks 10th in price growth

The latest quarterly data brings welcome news. Nine European countries now show faster price growth than Poland:

– Bulgaria, Croatia, Denmark, Spain, Portugal, Slovakia, Norway, Turkey, Italy.

During the last decade, Bulgaria and Lithuania’s situation developed a little better than in Poland but was essentially similar to the native one. In Romania, on the other hand, property price rises of 60 per cent were accompanied by a fourfold increase in citizens’ wages, the analysis reads.

However, the report’s authors stipulate that Romanians had a different starting point. In 2013, the average annual income per capita was €2324. In Poland, it was almost EUR 6,000 at the same time.

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Having managed property portfolios across Eastern Europe, I recognize these signs. The market isn’t crashing – it’s maturing.

Expert Analysis: UBS’s latest report confirms this stabilization trend. The wild price jumps of 2023 are giving way to sustainable growth patterns.

Why This Matters

First-time buyers can breathe easier. Investors should note this market normalization signals a healthier, more predictable environment.

Looking Ahead

Poland’s property market is finding its balance. The data suggests we’re entering a phase of sustainable growth, not a downturn.

Key Takeaway: This cooling trend represents market maturation, not weakness. Poland’s real estate fundamentals remain strong.

Source: USB.com

Over the past year, flats in Poland have increased in price three times faster than the European average. According to an analysis by HREIT, perhaps the madness on the real estate market will be halted, as quarterly figures show a change in this worrying trend.