Offer of apartments increased by 7% q/q, price growth slowed in Q3
17:29
The supply of residential properties for sale increased by 7% q/q and 23% y/y in Q3 2024, according to Otodom and Polityka Insight. Average listing prices rose by 1.4% compared to 1.8% in the previous quarter. Despite a record number of available offers, many potential buyers are hesitant, waiting for outcomes related to the "Mieszkanie na Start" credit program. Developers continue to introduce new properties, especially in metropolitan areas.
However, the second-hand market remains sluggish, with over 50% of listings still unsold and prices stagnant. Interest in homes has also dropped, leading to a record supply level. Conversely, prices for undeveloped land stabilized at 250 PLN/m², indicating a balance in that market segment.
