5:10 26 June 2025
Apartment prices may rise
PKO BP analysts forecast that average apartment transaction prices could rise slightly—by a few percent—by the end of 2025. This modest increase is driven by recovering demand and a shrinking supply of new homes.
Contributing factors include May’s interest rate cut, expectations of further reductions, postponed purchase decisions following the government’s withdrawal from a housing subsidy program, and rising wages.
On the supply side, fewer new developments and rising costs are pushing prices upward. Developers face higher expenses due to new building regulations (e.g., requirements for playgrounds and communal spaces), increasing land and energy prices, and possible delays in municipal spatial planning.
The amended Shelter Act and Building Directive will likely raise investment costs, which may be passed on to buyers.
Still, analysts warn of downside risks: inflation, interest rate hikes, or falling incomes could reduce demand and trigger price declines. A potential cadastral tax may also dampen buying interest.
Source: bankier.pl
