Poles report over PLN 20 bln in annual rent revenue, a third of new apartments intended for rent

The rental market in Poland is experiencing significant growth, with revenues surpassing PLN 20 billion, marking nearly a one-third year-on-year increase, according to data from the Ministry of Finance. The rental sector is booming, with private rental incomes reaching almost PLN 23.4 billion in 2022, a PLN 5 billion increase from the previous year, according to a report released recently.

The demand for rental properties is also rising, with nearly one-third of new homes from the primary market being purchased for investment purposes, primarily for renting out, according to simpl.rent, citing NBP data.

However, despite the increasing revenues, challenges persist, such as ensuring the financial reliability of tenants. To address these challenges, the rental market is seeing a rise in professional services and tools aimed at providing greater comfort and reducing risks for both landlords and tenants.

These include rental payment insurance, tenant liability insurance, and services for tenant verification, ensuring a more secure and streamlined rental process.

Source: WBJ