That's how much you will pay for a used apartment in Warsaw: In the fourth quarter average price decreased from PLN 16,793/sq m. down 15 745 PLN/sq m. This is a decrease by 6.2 percent. Quarter to the quarter – results from the latest NBP data. However, this is a decrease from a very high level. During the year Apartments in the secondary market in the capital risen by as much as 11.1 percent.
In these cities, the prices of apartments from the secondary market have fallen: In quarterly terms on the secondary market, prices have fallen in Bydgoszcz (by 3 % to PLN 9,590/sq m), Lublin (by 0.3 percent, to PLN 9,687/sq m), Boat (by 5.4 percent, to PLN 7,592/sq m). Olsztyn (by 3.1 percent to PLN 8,223/sq m), Cognition (by 1.1 percent to PLN 10,794/sq m), Szczecin (by 7.2 percent PLN 8,758/sq m) and Zielona Góra (by 0.3 percent to PLN 8,111/sq m). Counting with Warsaw, Prices of apartments fell in 8 out of 17 tested cities, in the capitals of the provinces. In the remaining 11 cities, increases do not exceed 2.3 percent. “Average transaction prices of apartments in quarterly terms in Q4 have stood or dropped slightly. There was probably no such situation for a long time “ – comments Maciej Rudke, Business Insider Polska journalist.
This is how the use of the apartment during the year increased: Although prices have fallen in quarterly, not only in Warsaw, in an annual basis, the price dynamics remains positive. In most capitals of voivodships of second -hand apartments during the year, they increased by several percent. The most in Krakowwhere prices during the year jumped by 21.1 percent. The second -hand apartments also went up in Bialystok (17.5 percent), Opole (17.2 percent), Wrocław (16.5 percent), v Gdynia (15.4 percent) and in Kielce (15.1 percent). IN Cognition You have to pay 11 percent more than a year ago, in Lublin by 12.5 percent, in Szczecin by 10 percent, aw Rzeszów by 13 percent more. – in Bydgoszcz (4.1 percent) and in Łódź (8.7 percent). Only in two voivodship capitals, increases in an annual basis did not exceed 10 percent.
This is how the prices of new apartments have changed: NBP also reports that Prices of new apartments during the year increased in 7 largest cities by 12.14 percent. They increased the most new Apartments in Kielce (25.3 percent), and the least – in Bydgoszcz (5.1 percent). In quarterly terms, as well as on the secondary apartment market, You can see signs of market cooling. In several cities, the prices of new apartments have fallen – in Krakow (by 3.4 percent) and Wrocław (by 4 %), as well as in Bialystok (by 2 %) and Opole (by 2.2 percent). In other cities we see a few percent increases, the exception is Rzeszów (13.9 percent) and Kielce (8.6 percent) and Poznań (8 percent).
Pie report: The Polish Economic Institute also released its summary of the market at the same time. “In the fourth quarter in 17 largest cities, sales prices increased by an average of 10.9 percent on the primary market and 11.2 percent on the secondary market. It is 2.8 and 6.1 points, respectively. percent Less than in the previous quarter, “we read.
What next with flats prices? PKO BP analysts note that price dynamics is clearly lower than at the beginning of 2024, both on the secondary and primary market. Pekao experts, in turn, emphasize that we have clearly behind the price and according to their analysis inhibiting prices should be turned into declines, and even nominal, not just real. “In the following months, we expect further stabilization of price growth. In the following quarters, price increases should go to single -digit levels in all cities. (…) The lack of increasing demand with slightly falling supply should lead to further stabilization of prices.” – comments Jędrzej Lubasiński, a senior analyst from the Sustainable Development Team in Pie.
Sources: PKO Research, Maciej Rudke, Bankier.pl, PAP business, Pekao analysis, Pie report