More than half of those who rent apartment in Poland cannot afford to buy it

The majority, 61 percent of renters admit that they cannot afford to buy their own apartment. A similar percentage (60 percent) also does not invest in the standard of the rented property and lives in average conditions, shows a study commissioned by CBRE. The company's experts indicate, however, that this approach is slowly changing, which can be seen in the choices of the young generation, that pay more and more attention to the equipment and standard of the apartment. They treat rental as a lifestyle, not a necessity.

"Already every fifth young person up to 34 years old admits that the decision to rent is not a matter of lack of funds to buy a flat, but a derivative of the convenience it entails and the lack of the need to take a loan. Young people also most often indicate that the is of great importance. Therefore, it is this group that has the opportunity to spread the institutional rental offer in Poland, which is entering our country more and more boldly. Investors who decide to buy several hundred or even several thousand apartments, take care of the standard, and then care for the tenants specialized companies and this is the quality that young people will be looking for, "Marcin Jański, head of the alternative real estate and investment plots department at CBRE, said.

A survey commissioned by CBRE shows that the three most important criteria for renting a flat are price (51 percent), location (43 percent) and value for money (24 percent). Just behind the podium was a balcony indicated by 18 percent of renters, the role of which increased during the course of the coronavirus epidemic.

(WBJ)