New report. This is how housing prices are rising

The highest increase in average transaction prices of apartments on the primary market according to data from the National Bank of Poland for Q1 2021. Rising prices on the primary market are also causing high interest of buyers in the cheaper secondary market.

In the first quarter of 2021, compared to the previous quarter, the largest increase in residential transaction prices on the primary market (RPT) took place in Gdynia and Gdańsk, where prices went up by an average of over 14% and 12%, respectively.

A significant increase was also observed in Warsaw (over 8%), while in Wrocław transaction prices in the primary market remained at a similar level as in the previous quarter.

In many cities, transaction prices in the primary market increased in the first quarter of 2021 due to higher sales of better located and more expensive apartments.

“Rising prices of apartments on primary markets (mainly in developer condition, i.e. to be finished on one’s own and bought with delayed implementation) with high demand also cause high interest of buyers in the cheaper secondary market, where an apartment is usually ready to move in,” the NBP report reads.

(money.pl)