Poland's Secondary Real Estate Market Cools: Trends and Insights
K E Y T A K E A W A Y S :
- Cooling Trend in December 2024: Poland’s secondary real estate market experienced a slowdown, with price declines in Poznań (-2%) and Katowice (-1%).
- Stable Prices in Major Cities: No significant price changes in Warsaw, Kraków, Wrocław, the Tricity area, and Łódź.
- Drop in Listings: Total listings for resale apartments fell by 6% from November to December 2024, reaching 149,000 nationwide.
- Year-Over-Year Growth: Despite the monthly decline, listings increased by 21% compared to December 2023.
- Favourable Conditions for Buyers: Sellers are starting to adjust expectations, signalling potential opportunities for buyers.
In December 2024, Poland’s secondary real estate market experienced a cooling trend, with notable price reductions in select metropolitan areas. According to data from GetHome.pl, the average price per square meter for resale apartments decreased by 2% in Poznań and 1% in the Katowice agglomeration. In contrast, prices remained stable in major cities such as Warsaw, Kraków, Wrocław, the Tricity area, and Łódź.
December traditionally brings a slowdown in the secondary housing market, leading to fewer new listings and price stabilization. Warsaw, for instance, saw an 11% drop in available offers, decreasing from 20,000 to 17,900. Similar declines were observed in Wrocław (10,500 listings), Kraków (9,400), the Tricity (8,800), Łódź (5,200), Poznań (3,800), and Katowice (2,200).
Overall, the number of resale apartment listings across Poland fell by 6% from November to December 2024, totaling approximately 149,000 by year’s end. Despite this monthly decline, there was a 21% increase compared to December 2023, indicating a year-over-year growth in market activity.
This cooling phase suggests that sellers are adjusting their expectations, potentially leading to more favourable conditions for buyers in the near future.
How VARSO INVEST Finds the Best Property Deals in Poland
Highlighted in December 2024 trends, prices in cities like Poznań and Katowice have dipped slightly, while other major cities like Warsaw, Kraków, and Wrocław remain stable. This underscores the importance of timing and thorough market research when looking for the best investment opportunities.
Every day, our team analyzes listings and market data from across the country to identify the most promising deals. For example, when prices fell by 2% in Poznań last month, we were among the first to spot opportunities for clients seeking high-yield properties in this dynamic market. Similarly, in Katowice, where the industrial and business hub is growing, we secured properties at competitive prices before the market stabilized again.
We don’t just stop at tracking market trends. Our experts leverage a deep network of local contacts and developers, giving us access to off-market deals that never make it to public listings. For instance, in Warsaw, where listings dropped by 11% in December, we helped an investor acquire a prime rental property before it hit the market.
Whether you’re interested in high-demand cities like Kraków and Wrocław or emerging markets like Łódź, VARSO INVEST ensures that you get the best value for your investment.
If you’re considering investing in Poland’s property market, let us help you secure the best opportunities – no matter the city or trend.
Invest in Poland!
Why Invest in Poland's Thriving Real Estate Market?
Thanks to its robust economy and central location, Poland rapidly emerges as a prime destination for real estate investments across Europe. As we assess the evolving market landscape, several pivotal factors highlight why investing in Polish real estate is not only strategic but essential:
1. **Robust Economic Structure:** With consistent GDP growth, a strong currency, and a burgeoning tech industry, Poland entices local and international investors.
2. **Urban Growth and Demographic Changes:** The swelling population and shift towards urban living ensure a lasting demand for housing. Cities like Warsaw and Kraków are evolving into vibrant centres ideal for young professionals and families.
3. **Supportive Government Policies:** The Polish government embraces foreign investment, providing tax breaks and resources to aid property developers and investors.
4. **Variety of Market Options:** Whether you’re seeking residential, commercial, or rental properties, Poland’s real estate landscape offers diverse opportunities tailored to different investors.
Join us at Varso Invest and take advantage of the transformative prospects within Poland’s real estate sector!
