2022 to be a year of searching for real estate opportunities

The luxury real estate market in Poland is still a niche. According to JLL's analyzes from autumn 2021, such apartments account for only 1 percent of the market, which in practice means that in the middle of last year, buyers looking for premium real estate in the development market had only about 300 apartments of this type to choose from.

However, as Karolina Kaim, the president of Blueprint Group, notes, this segment in Poland is constantly evolving, and the expectations of wealthy customers are growing. We start talking about the premium class when the property costs about PLN 3-4 million.

JLL experts emphasize that the pandemic, which left its mark on almost all sectors of the real estate market, did not harm the premium segment. Moreover, there was an increased interest from people looking for unique assets.

"When one of the most prestigious projects – the Cosmopolitan residential tower in Warsaw – was on sale, the prices of PLN 20,000 per 1 sqm seemed very high. Currently, the Warsaw average is over PLN 12,000 per 1 sqm. The real estate purchased a few years ago for PLN 20,000 per sqm is bought for PLN 50,000 currently,” the president of Blueprint Group said.

In her opinion, the best addresses are constantly gaining in value.

(WBJ)