The Polish Private Rented Sector (PRS) is expected to grow 2.5 times in three years, according to a JLL report. In 2023, around 5,200 new units were added, but the sector only represents 0.1% of the country's housing stock. The report highlights a significant housing deficit, particularly in major cities such as Warsaw, Kraków, and Wrocław, due to a growing number of households and migrant workers. The structural housing deficit in Poland is estimated at 1.5 million units.
Interest rates remain high, and young Poles' creditworthiness is low, fueling demand in the rental market and keeping prices high. Average rents in major cities have increased by 85% from January 2021 to January 2024. Student housing is also a growing market segment, with rising numbers of students, particularly from abroad, increasing the demand for purpose-built student accommodation.
Source: wnp.pl
