16:40 22 July 2025
Record-breaking housing offers, but buyers waiting for cheaper mortgages
In June 2025, housing starts in Poland dropped sharply—developers began work on 8,800 units vs. 11,200 in May. Demand is low, with June sales down 18% m/m, prompting developers to delay new projects despite holding expiring permits. Supply has surged, with available flats up over 50% y/y in major cities like Warsaw and Kraków. Buyers are waiting for expected interest rate cuts, while developers adjust supply cautiously. Despite weak demand, average prices continue rising due to high land and labor costs and a shift toward premium offerings.
Trójmiasto saw the steepest price increase (+3% q/q, +10% y/y). Analysts expect a gradual market recovery driven by cheaper loans as rates potentially fall to 3.5% by end-2026.
(pb.pl)
