Prices of apartments, both new and used, are rising. In Warsaw's Śródmieście, the price per square meter is almost PLN 41.3 thousand. Smaller cities also affected increases. Price drops are possible, though not everywhere – says Monday “Rzeczpospolita”.
Median, not medium (which gives a better picture of the market) of transaction prices of apartments with primary market And the secondary was analyzed for “Rz” the consulting company Emmerson Evaluation. The journal publishes the report first.
Adapt to changing conditions
The authors remind you that 2024 was marked by the adaptation of developers to changing conditions. “End of the 'Safe loan 2 percent' program ' And the lack of new support mechanisms forced the builders of housing estates to modify investment and sales strategies ” – emphasizes the president of Emmerson Evaluation Dariusz Książak for” Rz “.
As indicated, “high interest rates (5.75 percent) limited customers' creditworthiness”. “As a result, the sale of new apartments in seven main agglomerations fell year to year by 26 percent, to less than 40,000 dynamics of the growth of housing prices. However, we still paid more than a year earlier” – said in “RZ”.
Prices have increased the most
The article shows that “the largest increases in housing prices on the primary market – by 20 %, to PLN 9.1 thousand per sq m, were recorded per year in the Silesian agglomeration (excluding Katowice)”.
“The most expensive apartments sell in Warsaw. The median of new premises in the capital at the end of last year is over PLN 17.7 thousand per sq m (9 % increase year-on-year.), Used premises-over PLN 15.7 thousand per sq m (14 %).
The prices of new premises in Śródmieście the capital are dizzy. It is 41.3 thousand PLN per meter (8 % increase year-on-year). On the downtown secondary market, premises got up to 10 %, above 20.7 thousand. PLN per sq m ” – emphasized.
Source of the main photo: Robert Kneschke, Shutterstock