Warsaw
Top takeaways from this article:
Property Market, House Prices, House Search, City Districts, Estate Agencies, Local Development Companies, Transport links, Airport, Business and Industry.
PROPERTY MARKET
The average price for apartments in Poland varies depending on the location and size of the apartment. Currently, the price per square meter of an apartment in Warsaw is around PLN 15640 (3620 €). However, in smaller towns and rural areas in the Warmian-Masurian Voivodeship, the prices can be much lower, with some apartments selling for as little as 5,000 PLN (1157 € ) per square meter.
IN WARSAW THE AVERAGE FLAT PRICE IS SIGNIFICANTLY MORE THAN THE NATIONAL AVERAGE
The two most popular websites for house searching in Poland are: Otodom and nieruchomosci-online.pl
BEST CITY DISTRICTS
As the survey results show, 67% of Bielany residents feel satisfied living in this district. Praga-Południe and Wawer are second, with the same result of 68%. The most excellent satisfaction is felt by those living in Wilanów, which is regarded as a prestigious district.
Interestingly the worst neighborhood in Warsaw, Praga-North (Praga Północ) was found to be the least-liked district. This is surprising as neighbouring Praga-South (Praga Południe) ranked so high in this poll.
Śródmieście: The city centre boasts a vibrant atmosphere, with cultural attractions, shopping centres, and restaurants. It offers excellent transportation links and a bustling nightlife, making it popular among young professionals and expatriates.
Mokotów: Known for its green spaces and family-friendly atmosphere, Mokotów offers a high quality of life with well-maintained parks, schools, and recreational facilities. It attracts families and affluent residents seeking a tranquil yet convenient lifestyle.
Żoliborz: This leafy district features charming residential areas, tree-lined streets, and historic architecture. It offers a relaxed ambience with plenty of parks and green areas, making it ideal for families and nature enthusiasts.
Wilanów: A prestigious neighbourhood known for its luxury homes, Wilanów offers a suburban feel with modern amenities.
Wola: A rapidly developing district with a mix of old and new architecture, Wola features trendy cafes, art galleries, and coworking spaces, attracting young professionals and creatives.
Praga: Located on the eastern bank of the Vistula River, Praga has undergone revitalization in recent years, becoming a trendy and artistic hub. It offers a bohemian atmosphere with hip cafes, galleries, and cultural events.
Bemowo: A residential district with a suburban vibe, Bemowo offers affordable housing options and plenty of green spaces. It appeals to families and those seeking a quieter lifestyle away from the city centre.
Ursynów: Known for its modern housing estates and recreational facilities, Ursynów offers a high standard of living with well-designed urban planning.
LOCAL ESTATE AGENCIES
It is estimated that several dozen estate agencies are actively serving the Warsaw area, offering a wide range of real estate services to buyers, sellers, landlords, and tenants. These agencies vary in size, specialization, and reputation, providing options for individuals and businesses seeking assistance with property transactions in Warsaw.
Real estate agents typically represent sellers who hire them rather than buyers. Consequently, agents may be interested in securing higher property prices to earn larger commissions. We do not receive commissions or referral income from estate agents, individual sellers, or development companies. We promise to keep our service unbiased and independent.
LOCAL PROPERTY DEVELOPERS
Dom Development S.A.
K2 Residential Sp. z o.o.
Dynamic Development Sp. z o.o.
Unidevelopment S.A
Profbud
Marvipol Development
Mill-Yon Sp. z o.o.
Polski Holding Nieruchomości S.A.
ACCIONA Nieruchomości sp. z o.o.
These developers are known for their significant contributions to Wroclaw’s real estate landscape, with projects ranging from residential and commercial buildings to mixed-use developments and office complexes. If you want to learn more about these development companies and their projects, please contact us. We offer impartial guidance and consultation services for foreign investors navigating the local real estate development market.
✔ We provide you with an extensive assessment of all interior and exterior spaces.
✔ Highlight any issues in the property that fall short of the warranty standards
✔ Highlight any breaches of building regulations or any other statutory technical guidance
PUBLIC TRANSPORT
Metro: Warsaw has two metro lines, M1 and M2, intersecting at several vital stations. The metro is fast and reliable, making it a popular choice for commuters and travellers.
Trams: The city boasts an extensive tram network, with numerous routes covering most areas of Warsaw. Trams are a convenient way to navigate the city, offering frequent service and easy connections to other modes of transport.
Buses: Warsaw’s bus network complements the tram and metro systems, providing coverage to areas not served by rail. Buses operate on various routes, including express lines and night buses, ensuring accessibility throughout the city.
Suburban Trains (SKM): The Suburban Railway (SKM) connects Warsaw with neighbouring towns and suburbs, offering convenient transportation for commuters and travellers.
Ticketing: Warsaw’s public transport system operates on a unified ticketing system, allowing passengers to use the same ticket for metro, tram, bus, and suburban train journeys. Tickets can be purchased at ticket machines, kiosks, and online.
Bike Sharing: Warsaw offers a bike-sharing program called Veturilo, with rental stations throughout the city. This eco-friendly mode of transport is popular among residents and visitors alike, providing an alternative way to explore Warsaw’s streets.
OKĘCIE & MODLIN AIRPORTS
Warsaw Okęcie Airport:
Also known as Warsaw Chopin Airport, Okęcie Airport is Poland’s most significant and busiest airport, serving as the leading international gateway to Warsaw and the country. Located approximately 10 kilometres southwest of Warsaw’s city centre, Okęcie Airport offers a wide range of domestic and international flights operated by major airlines.
Warsaw Modlin Airport:
Approximately 40 kilometers northwest of Warsaw’s city center, Warsaw Modlin Airport primarily serves as a hub for low-cost airlines and charter flights. Despite its smaller size compared to Okęcie Airport, Modlin offers a range of amenities and services for travelers, including shops, restaurants, car rental facilities, and parking options.
One of the main advantages of Modlin Airport is its accessibility. Travelers can easily reach the airport by car, taxi, or shuttle bus from Warsaw city center. Additionally, Modlin Airport provides convenient connections to various European destinations, making it a popular choice for budget-conscious travelers seeking affordable flights to and from Warsaw.
Business and industry
Poland’s energetic capital, Warsaw, is a shining example of the region’s potential for investment and economic expansion. Warsaw boasts a thriving economy and an active real estate market, providing many investment options in retail, office space, and rental properties. Property Market Overview: The property market in Warsaw is characterized by steady growth and increasing demand, driven by urbanization, population growth, and economic development. The city’s modern infrastructure, strategic location, and business-friendly environment make it an attractive destination for investors seeking to capitalize on the burgeoning real estate market.
Renting Sector: The renting sector in Warsaw offers lucrative opportunities for investors, with a growing demand for residential properties among locals and expatriates. The city’s vibrant cultural scene, excellent amenities, and quality of life attract a diverse population, driving demand for rental housing. Investors can explore traditional and short-term rental market opportunities catering to different population segments.
Retail Sector: Warsaw’s retail sector is experiencing rapid growth, fueled by rising consumer spending and increasing purchasing power. The city boasts a vibrant retail landscape, with modern shopping centres, boutique stores, and speciality markets catering to diverse consumer preferences. Investors can capitalize on the thriving retail market by investing in shopping centres, retail outlets, and mixed-use developments in prime locations across the city.
Office Space Sector: Warsaw’s office space sector is thriving, with a growing demand from domestic and international companies for modern and well-equipped office spaces. The city serves as Poland’s financial and business hub, attracting businesses from various sectors seeking to establish their presence in the region. Investors can seize opportunities in the office space sector by investing in office buildings, co-working spaces, and business parks located in key business districts such as Śródmieście and Mokotów.
In conclusion, Warsaw offers many investment opportunities in the property market, including the renting sector, retail, and office space. With its strong economic fundamentals, strategic location, and vibrant business environment, the city continues to attract investors seeking to capitalize on its growth potential and dynamic real estate market. Whether you’re a seasoned investor or a newcomer to the market, Warsaw presents promising prospects for those looking to invest in the thriving property sector of Central Europe.
Warsaw is the leading economic and financial hub of the Visegrád Group and the Three Seas Initiative. In 2021, the city’s gross metropolitan product (GDP) was estimated at €100 billion, which places Warsaw 20th among the metropolitan areas in the European Union with the largest GDP. Warsaw generates almost 1/5 of the Polish GDP and the country’s national income. In 2020, Warsaw was classified as a global city, because Warsaw is a major global city that links economic regions into the world economy.
Warsaw leads the region in the cities of the future ranking
Warsaw is the best among Central and Eastern European cities in this year’s edition of the acclaimed “European Cities & Regions of the Future” ranking held by the Financial Times. In the main ranking, among 330 European cities, ours was only behind London, Amsterdam, and Dublin.
Warsaw is an extremely dynamic business centre and with the modern office market can be the best place for new investors looking for business premises and growing companies looking for new locations for their business projects.
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Please be aware that the investment opportunities outlined above are merely a sample of the many possibilities available in the region. Our portfolio encompasses various options tailored to multiple investment goals and preferences. For a comprehensive overview of all available opportunities and to explore how we can assist you in achieving your investment objectives, don’t hesitate to contact us.
