Apartment transaction prices up 6.25% y/y in Q1 2023

The National Bank of Poland (NBP) reported a 6.25% increase in transaction prices in the first quarter of 2023 in the primary real estate market across seven major cities, including Gdańsk, Gdynia, Kraków, Łódź, Poznań, Warsaw, and Wrocław. The NBP data covers the months of December, January, and February. In terms of quarter-on-quarter comparison, there was a 0.7% decrease in transaction prices in the primary market. Offer prices increased by 7.96% year-on-year, and there was a 1.9% increase in quarter-on-quarter comparison.

Source: PAP