22:16 21 April 2025
Apartments are cheaper, but buyers waiting for cheaper loans
In Q1 2025, prices per square meter for second-hand apartments fell across Poland’s five major cities—Warsaw, Kraków, Łódź, Gdańsk, and Wrocław—according to Metrohouse. Despite this decline, transaction volumes did not rise. Many buyers had awaited price drops, but limited access to mortgages has hindered sales.
Warsaw remained most expensive, with average purchase prices over PLN 840,000, while Łódź saw prices drop 9% due to high supply. Sellers are more willing to lower prices upfront, yet buyers remain cautious. High interest rates and the lack of subsidy programs are holding back demand. However, falling WIBOR rates and an expected interest rate cut in May revive interest and ease mortgage burdens, boosting market activity.
(pb.pl)
