Polish prices beat all others: According to the analysis of eXp Realty – which took a closer look annual change in housing prices in 30 global metropolises – in first place with an increase of almost 25%. Kraków was infamously singled out. Right behind the capital of Małopolska was Dubai – and 19.4 percent. up and Madrid with increases of 18.9%. However, we returned to Poland in fourth place in the ranking, with a result of 14.2%. raises Warsaw was recorded.
What influenced Poland's result? “The Polish housing market is still struggling significant structural housing deficit estimated at 2-3 million premises,” said Jarosław Jędrzyński, an expert from the RynekPierwotny.pl portal, in an interview with “Puls Biznesu”. He noted that this fact sets us apart from most EU countries, as well as global metropolises – where market saturation is simply higher. “Housing shortage still in Poland stimulates growth prices,” Jędrzyński concluded.
There were also reductions: The list further shows double-digit growth also in Thessaloniki, Barcelona and Abu Dhabi. Low raises (only from 1.9% to 0.3%) were recorded in Los Angeles, Sydney, Milan, Rome, Delhi, Jerusalem and Hamburg. On housing price reductions indicated, among others, in Paris (5.5% down) and in Berlin (6.2% down).
More on the topic We also wrote about the Polish real estate market in the article: “The government has an idea on how to reduce housing prices. Exceptional powers for the minister“.
Source: Puls Biznesu