20:59 27 January 2026
Real estate data on apartments for December 2025 misleading
Poland’s housing market shows signs of revival, but much of the improvement is driven by a low-base statistical effect rather than genuine demand. Although sales of new apartments in major cities rose y/y in late 2025, most of this growth reflects weak results a year earlier; underlying, organic demand increased only marginally. Falling interest rates are the main factor preventing stagnation, gradually improving households’ creditworthiness, though their full impact may appear only in 2026.
Consumer sentiment is cautiously optimistic, supporting hopes of recovery. However, a sharp rise in unsold housing supply and attractive returns on bank deposits continue to discourage buyers. With high prices and plentiful choice, many households prefer to wait, keeping the market in a holding pattern until demand is finally released.
(pb.pl)
