18:53 22 January 2025
Otodom: rental apartment market will be stable in 2025
In 2024, Poland’s rental market showed a steady decline in housing supply, though at a slower pace than earlier in the year, according to Otodom. Rental prices remained stable, rising by just 0.2% on average, well below inflation (4.3%), with real price decreases in most cities except Zielona Góra (+17% y/y), Olsztyn (+11% y/y), and Bydgoszcz (+8% y/y).
December saw a 9% drop in active rental listings, with fewer new offers (-22%) and declining searches (-10% from November but +7% y/y). Smaller cities like Olsztyn (-60% y/y) and Zielona Góra (-45% y/y) experienced the sharpest supply reductions. Meanwhile, demand shifted toward higher-priced properties, with inquiries for homes above PLN 6,000 increasing from 13% to 15%.
2024’s trends were shaped by the “Safe Credit 2%” program, which initially boosted rental supply but tapered off mid-year. Analysts predict continued stabilization and modest declines in 2025, benefiting long-term market predictability.
(ISBnews)
