Pandemic and holidays to limit rental prices

The pandemic and holidays will temporarily limit the increase in apartment rental prices, and even cause them to drop slightly, according to experts from CBRE, an international consulting and investment company.

"The pre-holiday and vacation time has always been a good time to look for a flat for rent. This year the pandemic changed the situation, which not only stopped the surge in prices, but also gave room for negotiation. Additionally, recently popularized remote work allows some people to freely live further away from the company's headquarters," Agnieszka Mikulska, expert in the housing department of CBRE, said.

In  her opinion, the coming weeks will be a good time to look around for a new apartment. 

According to CBRE, Bydgoszcz, Białystok, Łódź and Poznań are the cheapest of the largest Polish cities in terms of rental costs. One of the most popular formats, i.e. a studio apartment with a size of 21-30 sqm, costs about PLN 1,200 per month. These cities should also be noted by those looking for a two-room flat, 41-50 sqm, which costs about PLN 1,400 in Bydgoszcz and Białystok and a little over PLN 1,700 in Łódź and Poznań. The most expensive is in Warsaw, where you have to pay about PLN 1,900 per month for a studio flat and PLN 2,700 for a two-room apartment.

According to CBRE, in May the largest number of flats for rent was offered in Warsaw – approx. 9,500 of such ads. Kraków is located far behind the capital, with twice as few entries, amounting to 4,800. The podium is closed by Tri-City, with 2,900 offers of apartments for rent.

The CBRE analysis shows that the studio apartment remains the most interesting format for investors.

(WBJ)