20:21 27 May 2025
Housing market accelerates after rate cut, bookings highest in a year
The Monetary Policy Council’s May 7, 2025 decision to cut interest rates by 0.5 percentage points has already impacted Poland’s housing market. According to Otodom, average daily sales of new apartments in the seven largest cities reached their highest level in a year. Reservations rose by nearly 60% compared to April, and buyer activity increased by 20% y/y.
In April, 35,600 people applied for a mortgage, with the average amount rising to PLN 458,200. Otodom also reported a surge in website traffic and ad responses following the rate cut. Experts warn that a single rate cut won’t solve structural issues; a more sustained policy shift is needed for long-term recovery in the housing market.
