20:05 7 October 2024
Apartment prices stable in large Polish cities
The Polish Economic Institute (PIE) reported that housing prices in Poland’s six largest cities remained stable in September, with only Warsaw and Gdańsk expected to see double-digit annual growth by year-end. Meanwhile, prices in smaller and mid-sized cities increased faster. In large cities, prices slightly decreased in Gdańsk and Kraków, while rising in Łódź, Warsaw, Wrocław, and Poznań (0.2% to 1.1%).
Average prices in smaller cities (100,000-500,000 residents) were PLN 9,200 per square meter and PLN 8,000 in towns under 100,000. Housing supply in major cities has been declining since April, dropping by 26% by September. In contrast, smaller cities saw a 20% decline, but supply began to recover in September.
