In the past two years, rent prices in Poland have increased by 30-40%, according to Otodom analysis. Although the rate of increase has slowed, tenants still face significantly higher costs compared to 2022.
As of June 2024, the highest annual rent hikes were in Kielce (7%) and Lublin (6%), while Łódź saw a decrease of 5%. Despite some regional variations, rent prices have risen substantially across the country.
Dr. Adam Czerniak attributes the surge to economic factors such as high inflation, interest rate hikes, and delayed effects of rising property values, rather than migration from Ukraine. The impact of Ukrainian refugees on Polish rent prices was minimal, contributing only 0.2-0.3%.
Experts suggest that structural issues in Poland's housing market, including a high proportion of private ownership and a low rental market share, exacerbate rent increases. Although the rental market is stabilizing, with a more balanced supply and demand, there is concern that high property purchase costs could further limit rental property availability and drive up rents.
