Demand for apartments for rent down in Q1 2023

The National Bank of Poland (NBP) reported in its Q1 2023 real estate market report that there has been a decline in interest from investment funds, including foreign ones, in acquiring rental apartments, which can be attributed to legislative and economic factors.

The decrease in investment profitability is associated, among other things, with the imposition of a tax on so-called shopping centers (i.e., buildings worth over PLN 10 million) and the introduction of a ban on tax depreciation of residential properties, leading to further companies withdrawing from the rental housing sector in Poland.

Source: nbp.pl