In 2022, the sale of new apartments in the six largest Polish cities fell by over 45 percent, according to the latest Rednet Consulting report.
According to the report of a company specializing in analyzing the real estate market, a total of 35,095 new apartments were sold in 2022, i.e. 45.7 percent more than in 2022. less than in 2021. The largest decrease in sales was recorded in Wrocław (-49.1%), Warsaw (-48.0%), Łódź (-46.7%), Kraków (-43.7%), Tricity (-42.0%), 2 percent), Poznań (-41.4 percent).
Several factors
Huge declines in sales – according to the authors of the report – are, among others, inflation effect, interest rate increasesthe new recommendation of the Polish Financial Supervision Authority regarding the calculation of creditworthiness and the explosion war in Ukraine.
– Last year, the housing market experienced a huge slump – indicated Robert Chojnacki from the table service, quoted in the information. He noted that although less construction has been started, investors are already prepared for an improvement in the market situation.
– Central Statistical Office data show that the number of building permits obtained has not decreased. This means that there are ready-to-start investments on the shelf, which will be launched as soon as the climate for buying apartments on the market improves – added the expert.
More apartments of a higher standard
Interestingly, according to the data of the tableaofert.pl portal, the prices of flats in almost the whole country increased along with the decrease in sales. The most in Wrocław (by 18.5%) and Warsaw (by 11%). The smallest difference should be felt by buyers in the Tri-City, because there prices per sqm. only increased by 2%.
“The increase in prices is largely due to the launch of apartment projects in attractive locations on the market. Especially in the last quarter, the share of the highest standard apartments in the total offer of individual cities increased, which resulted in an increase in average prices in individual markets” – explained the director of Rednet Consulting Ewa Palus.
In her opinion, we will probably see further increases in average prices per sq m in the coming months. residential premises. – Our analysis shows that as soon as the Safe Credit 2% program is introduced, the demand for small apartments will increase. They mainly qualify for the government program and due to the small supply their prices will increase, which will also affect the average market prices – assessed Palus.
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