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Experts: apartments are not goods, and their prices have not yet reached the maximum

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The statement that “PLN 18,000 per square meter (for the apartment – editor's note) in Warsaw is the maximum”, unfortunately is too optimistic – says on TVN24 Dr. Ɓukasz Drozd, a political scientist and urban planner from the University of Warsaw, asked about it, Whether housing prices have reached the maximum. Kamil Sobolewski, the chief economist from Employers of the Republic of Poland, adds that they can still get up because they are “still cheap in relation to wages”.

– Stating that 18 thousand PLN per sq m (for a flat -red.) In Warsaw, this is the maximum, unfortunately it is too optimistic from the point of view of consumers. Or too optimistic from the point of view of other participants of this market – said on TVN24 on the program “This is how Dr. Ɓukasz Drozd, a political scientist, urban planner from the University of Warsaw, asked about whether prices in Poland reached the maximum level.

Kamil Sobolewski, the chief economist of Employers of the Republic of Poland, added that apartments can still get up, because in “apartments in relation to wages they are still relatively cheap in Poland.”

– I think that one of the reasons is that we have one of the most expensive mortgage loans in Europe and in connection with the one who cannot buy a flat for cash – and there are few such people – this must take into account the credit availability of apartments, not availability Income – added Sobolewski.

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What to do to make the apartments cheaper

According to the chief economist of Employers of the Republic of Poland “it seems that there are ways to make the apartments be cheaper.” – We showed in our report – probably as the most important (way – editor's note) – land. Today, at the price of a square meter of the apartment, one -third is the price of land prepared for construction – with a building permit – explains Sobolewski. Adds that increasing the number of available land and reducing their price could cause A decrease in their price by up to 10 percent.

Ɓukasz Drozd admitted that the current housing policy, i.e. treating apartments as a goods, sold mainly by developers is not the best way to meet people's housing needs. – If we were to refer to positive examples (…), it would be primarily Vienna, which often recalls in this context. But also Finlandwhich has a developed housing policy, also including disadvantaged groups and not forcing only to buy development apartments – said the guest.

– It should be remembered that developers are not the only entity that operates on the market – explains Drozd.

Double -digit increases in 2024

In the housing market in 2024, price increases dominated in the first three quarters. The data of the Polish Economic Institute shows that the offer prices of apartments in a group of 17 largest cities in Poland in the first quarter increased by 21 percent per year on the secondary market. However, new offers from developers during this period were more expensive by 16 percent. compared to this period in 2023.

In the second quarter, the rates increased by 23 percent year on the secondary market and 16 percent. on primary market. In the third by 18 percent, respectively r/ri 14 percent However, in the first two months of the fourth quarter, the increases in the rates for apartments slowed down. In October and November in a group of 6 largest cities, the change of apartment was close to 0 percent. The same situation took place in a group of cities from 100,000 up to 500 thousand residents.

In the last month of last year, the average offer price for 1 sq m of apartments throughout Poland amounted to 11.8 thousand. PLN, and in 6 largest cities – 15.4 thousand zloty.

Read also: Great stabilization on the real estate market. “It will be the year of the buyer” >>>

Source of the main photo: Fotokon / Shutterstock



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