Values in the real estate market: “After two years of constant increases prices The correction came to the construction plots market, “writes Bankier.pl, which cites the price of a price, in the fourth quarter of 2024. Prices of construction plots fell as much in the Masovian Voivodeship (-3.2 percent quarter to the quarter), Warmian-Masurian (-2.3 percent), Lower Silesia (-2.1 percent) and Łódź and Lublin (after -2 percent). It's about transaction prices real estate. However, in large cities, declines are small. The largest changes were recorded in Olsztyn (-0.7 percent quarter to the quarter), Łódź and Poznań (after -0.6 percent) and in Warsaw and Lublin (-0.5 percent). In the capital, the average transaction price of construction plots at the end of 2024 amounted to PLN 868 per sq m. IN Gdañsk It was PLN 794 per sq m, and in Krakow – PLN 705 per sq m.
There are still increases per year: In the annual terms, the rates for land in the fourth quarter of 2024 increased. They increased the most in the province. Lesser Poland (+8.8 percent), Warmian-Masurian and Greater Poland (after +8.4 percent) and in Lower Silesia (+8.2 percent). However, when it comes to cities, the greatest increases occurred in Łódź (+9.8 percent year to year), Krakow (+8.4 percent) and Wrocław (+7.6 percent).
FLAT Prices Down: The data of the Polish Economic Institute (PI) shows that in February 2025, the prices of apartments in Krakow and Warsaw fell respectively about 3.3 percent and 0.3 percent year on year. “This is the first such month for over 3 years. In other large cities, prices increased, but in no large city the increase has exceeded 6 percent, “we read.
Read also: “Down housing prices, and here is a surprise in banks. A historic record was broken“.
Sources: Bankier.pl, Polish Economic Institute