Institutional rental gains pace in Poland as fewer people buy flats

Poland has been one of the fastest-growing residential real estate markets in Europe in recent years. The developers used to build almost six apartments per 1,000 inhabitants. However, the market is now experiencing a sharp slowdown amid rising interest rates, energy and labor costs. Sales in the six largest markets in Poland in the second quarter fell from around 20,000 to 9,000 transactions year-on-year, according to the consulting company JLL.

JLL expects the market, which remained in…