20:03 7 April 2026
Apartment sales up in March by as much as 40%
Despite rising prices and macroeconomic uncertainty, housing sales in March jumped by 40%, driven largely by temporary factors.
Developers sold about 5.1k units, supported by a 0.25 pp rate cut, positive GDP and inflation forecasts, and earlier reservations converting into deals. Supply remained high at nearly 60k units across major cities.
Prices did not decline. In Warsaw, prices reached PLN 19.3k per m², up 8.8% y/y and 2,3% m/m. Inflation expectations pushed buyers to accelerate decisions, while geopolitical risks shifted capital toward Poland. Housing regained status as a stable asset.
However, risks are increasing: higher WIBOR 6M, geopolitical tensions, and stricter regulations may raise construction costs by PLN 1000+ per m² and reduce developer profitability.
(pb.pl)
