Decline in Warsaw Apartment Sales Raises Concerns Over Market Equilibrium

According to a report by CBRE and Rednet Property Group, apartment sales in Warsaw's primary market saw a significant decline in the first quarter of 2024. Only 4,423 units were sold, marking a 14% decrease compared to the previous quarter. Despite this, the number of available apartments remains insufficient, with over 11.2 thousand units on offer. This scarcity is reflected in the increasing average price per square meter, which rose by 17% annually to PLN 17,268.