Offer prices of houses and larger apartments may decline in Q4

In the fourth quarter, demand for separate houses and larger apartments is expected to decline, putting downward pressure on prices, according to a survey by real estate portal Nieruchomości-online.pl. The prices of studios and plots of land are expected to stabilize at the current level after the third quarter.

Participants’ forecasts for the rental market are mixed. In the case of studios, 50% expect further increases in rates, and 38% expect stabilization of already high rents. For larger apartments, 46% of respondents forecast higher rates, and 40% expect stabilization.

(PAP)