21:09 12 February 2024
Apartment price growth slower than expected
Polish apartment prices rose 11.2% annually, much slower than predicted, according to latest NBP data. Cheaper options are selling while overpriced listings linger, says Bartosz Turek, chief analyst at HRE Investment Trust. He claims real estate growth lagged behind wage increases, offering some affordability relief. Over 5 years, apartment prices grew faster than wages (61% vs. 55%), but the recent trend shows wages catching up, potentially easing buying concerns.
The NBP data suggests optimism for potential buyers seeking apartments in major Polish cities.
Source: WBJ
