22:45 3 May 2021
Land in Poland getting more and more expensive
The prices of building plots in Polish counties have increased sharply in recent months and in 2020. As analysts indicate, today, out of all 380 counties in Poland, the price per 1 sqm in 105 counties exceeds PLN 100, and in 30 counties – PLN 200.
The differentiation in the prices of plots is the result of several factors. The first most important factor is demand, which expresses consumer preferences. The second factor is the availability of plots in a given region, i.e. regional diversification of supply.
Poles are more and more willing to move to the suburban area. This trend has been visible for several years, and in 2020 it increased. There are several reasons. One of them is the widespread possibility of working and learning remotely.
Currently, the increased interest in buying land results from the desire to protect the accumulated capital.
“At the end of 2020, there was an obvious differentiation – the highest level of the median was recorded in Warsaw (over PLN 500 / 1 sqm), then in the group of capitals of other voivodeships (about PLN 230). The lower median occurred in the case of plots in urban counties (approx. PLN 160) and land counties (approx. PLN 95). In the largest agglomerations, the median price per 1 sqm of a plot in 2020 ranged from PLN 163 in Łódź to PLN 542 in Warsaw,” the PKO BP analysts wrote.
