Housing prices up to record high in Q3 2021
22:08
In the third quarter of 2021, the only segment where the average price did not reach a record level were apartments up to 35 sqm in Sosnowiec. In all other markets, rates were at their highest ever.
In Kraków, the average price of apartments from 35 sqm and larger exceeded PLN 10,000 per square meter for the first time and small ones (up to 35 sqm) reached the level of PLN 12,000 per square meter – experts from financial brokerage Expander and Rentier.io, a platform for calculating rental profitability, said.
In the segment of large apartments, the average increase was 14 percent y/y, and in several cities, the prices have risen by over 20 percent. The largest increase in prices was recorded in Gdynia, where rates increased by 27 percent.
When buying a 70-sqm apartment, you had to pay PLN 145,000 more than a year ago, according to the report of Expander and Rentier.io.
Significant increases were also recorded in Sosnowiec (24 percent), Białystok (23 percent), and Kraków (22 percent). Moreover, the prices of large apartments are rising faster and faster. In the previous quarter, it was an increase of 9 percent annually, and currently, it is by 14 percent.
