Flat prices in Krakow jumped by 28% in a year
21:05
Real estate prices in Krakow have been growing at a record pace compared to other cities. In just one year, prices have surged by 28%, bringing them closer to the prices in Poland's capital, Warsaw, where the average price per square meter is around PLN 17,000.
Experts from RynekPierwotny.pl and GetHome.pl anticipate that real estate prices will continue to rise during the autumn. They attribute this price growth to the government's low-interest mortgage program and the interest rate cuts made by the Monetary Policy Council.
According to data from GetHome.pl, prices in the secondary market have increased in all cities. In September 2022, the average rate per square meter was PLN 8,986, while in September, it had already reached PLN 10,000.
