Record-breaking offer of apartments, developers counting on good earnings

The Polish housing market is cooling, with slowing demand and stabilizing property prices. Experts predict annual price growth will not exceed 5% by late 2024 or early 2025, following high increases in 2023. Despite this, no significant price drops are expected, as developers continue to adjust through promotions and discounts.

Developer housing supply has surged over 40% since early 2024, but sales have dropped nearly 25% y/y. Key players like Dom Development report solid cash-buyer activity, sustaining sales amid weaker market conditions.

Stock-listed developers remain resilient, with the WIG-Nieruchomości index up 23% this year. Optimism is driven by potential interest rate cuts, expected GDP growth, and low unemployment, which could boost demand in 2025-2026.

(wnp.pl)