Over the last year, real estate prices in Krakow have increased by almost 25 percent, and in Warsaw by over 14 percent. In Berlin, however, there has been a drop of 6.2 percent and in Paris by 5.5 percent – reports Tuesday's “Puls Biznesu”.
The newspaper emphasized that “the latest information from the Polish housing market indicates a slight monthly stabilization of prices per square meter.”
“However, if we look at the pace of their growth over the last year, it turns out that Polish cities are among the world leaders,” the daily adds.
Kraków is the growth leader
An analysis of real estate prices conducted by eXp Realty in 30 metropolises shows that the largest increase – by almost 25 percent – registered in Krakow. He took second place in the ranking Dubai with an increase of 19.4%, and third Madridin which prices went up by 18.9%. Interestingly, another Polish city took fourth place. It's about Warsawin which prices increased by 14.2 percent,” PB reported.
According to the daily, “Thessaloniki is also among the top ten cities with the fastest rising real estate prices, where apartment prices have gone up by 11 percent.”
“A double-digit increase was also recorded in Barcelona – by 10.8% and Abu Dhabi – by 10%. Real estate prices in Los Angeles rose much slower – by 1.9%. In Sydney and Milan the increase was 1.6%, in Rome and Delhi 1.5, in Jerusalem 1.2 and in Hamburg 0.3 percent – we read.
“In seven metropolises analyzed by eXp Realty, a decline in prices per square meter was recorded. The greatest decline was in Berlin and Paris – by 6.2% and 5.5%.” – added.
“Structural housing deficit”
– The Polish housing market is still struggling with a significant structural housing deficit, estimated at 2-3 million units – comments Jarosław Jędrzyński, expert of the RynekPierwotny.pl portal, quoted by “Puls Biznesu”.
– This distinguishes it significantly from most EU countries, even neighboring ones Germany Whether The czech republicbut to an even greater extent from global metropolises, where market saturation is much higher. The shortage of apartments in Poland still stimulates price increases, he explains.
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