5:46 5 February 2026
Record stock hits market
For the first time, Warsaw is facing a record backlog of newly built apartments, with 16,700 completed units still unsold after a wave of projects finished in late 2025. Ready-to-move-in homes now account for 19.6% of total listings, the highest share on record, giving buyers more choice even as prices climb.
Developers launched more than 4,000 units in the fourth quarter, up 8.5% quarter on quarter. Sales remained resilient: over 3,700 apartments changed hands, the second-strongest result in seven quarters. The average asking price rose 4.8% year on year to PLN 18,681 per sq m, while transaction prices increased 2.1%.
According to CBRE analyst Agnieszka Mikulska, interest rate cuts totaling 1.75 percentage points since May have supported demand. Further reductions in 2026 could improve mortgage affordability and sustain sales. Meanwhile, new price transparency rules have reshaped marketing, but not supply or pricing trends.
