21:55 2 January 2025
Apartment prices in largest cities increased by 5-12% y/y in 2024
In December 2024, new apartment prices in Poland's seven largest cities remained stable m/m, with changes within 0-1%, according to Big Data RynekPierwotny.pl. Year-on-year, prices rose 5-12%, with the highest increase in Wrocław (12%) and the lowest in Warsaw (5%). Wrocław led with an average price of 14.7k PLN/m², followed by Łódź (10%, 11.5k PLN/m²) and Poznań (8%, 13.3k PLN/m²). Other cities saw smaller increases: Trójmiasto (7%), Kraków (6%), and the GZM region (6%). Warsaw remains the most expensive at 17.7k PLN/m².
Wrocław is the only city with consistent double-digit annual increases over six years. However, Kraków and Warsaw saw significant slowdowns in 2024. Experts highlight a recent stabilization trend, with some cities showing potential for price reductions in 2025, depending on supply trends.
