In 2022, the housing market will be under pressure
23:07
As expected, the fourth quarter of 2021 was the moment when flats not only increased in price but also became more expensive than the previous quarter. Both in the case of new and used premises, we were dealing with double-digit dynamics. At the end of 2021, per square meter of a new apartment was paid 15.6% more in the seven largest markets than in the corresponding period a year earlier. In the case of second-hand housing, the change in prices in the same period amounted to 12.1 percent.
The dynamics of price growth is only one of 25 indicators that HRE Think Tank monitors on an ongoing basis, providing a comprehensive quarterly diagnosis of the situation on the housing market in Poland. HRE Investments analysts also pay attention to many other measures important from the point of view of assessing the condition of households, the economic situation in the construction sector, or the area of banking, with particular emphasis on the supply of mortgage loans.
"Let us remind you that in 2020 the epidemic worsened the situation on the labor market and led to the shutdown of the taps with loans. As a result, even 200,000-300,000 compatriots aged 25-34 did not decide to leave their parents. The situation changed dramatically with the beginning of 2021 Excellent data from the economy and the labor market encouraged banks to open the taps with housing loans again. Consequently, banks received at least tens of thousands of loan applications that would normally be processed in the first year of the epidemic," HRE assessed.
(WBJ)
