Research

Residential market in Poland Q3 2019

Sales of new apartments increased by 6% q-o-q. Homebuyers are not discouraged by rising prices, and developers are optimistic about the coming months.

July 25, 2019

Compared to the previous quarter, Q3 2019 saw a rise in sales of flats and a slight decrease in the number of units put on sale on the property development market. Despite this being another consecutive quarter in which overall sales on the six largest housing markets in Poland exceeded new supply, the number of flats on offer remains high i.e. 50 200, and the market can be said to be stabilising.

Developers operating in the six major markets in Poland sold 16,100 new apartments, which was 6% higher than in the previous quarter. A major increase in transactions compared to the previous quarter was seen in Poznań (23.9%) Selling more than 1,700 units, developers beat the quarterly record again.

Rising prices do not seem to discourage buyers. Buy-to-let purchases have not decreased significantly in recent months. Low interest rates and rising rents in almost all markets encourage to invest in the housing sector not only individual buyers, but also funds that are increasingly willing to enter Poland.

More details on residential markets of Warsaw, Krakow, Wroclaw, Tri-City, Poznan, and Lodz you can find in our brand-new report.

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