15:48 17 December 2024
Polish housing deficit causing an increase in prices
Over the past year, property prices in Kraków surged by nearly 25%, making it a global leader, while Warsaw saw a 14% increase. In contrast, prices fell by 6.2% in Berlin and 5.5% in Paris. Analysts attribute Poland's rapid growth to a significant housing deficit of 2-3 million units, attracting both domestic and foreign buyers. Programs like "Safe Loan 2%" further boosted demand, driving prices up amid limited supply.
High inflation has also encouraged Poles to view real estate as the safest investment, given the lack of viable alternatives. Experts predict cautious trends for 2025, with potential price stabilization or slight declines, depending on government policy, inflation, and interest rates. The Polish market remains in an early development phase, offering growth potential but rising affordability concerns.
(pb.pl)
