Rental market for apartments stabilizing
Poland’s autumn rental season brought neither sharp rent increases nor competition for apartments, as ample supply shifted bargaining power toward tenants. Growing institutional rental housing and private dormitories are adding competition for individual landlords. Studios and one-bedroom apartments account for about 70% of demand, according to Morizon-Gratka. Higher average asking rents in early October partly reflected cheaper properties being rented first, leaving more expensive listings available.
Expert Marcin Drogomirecki expects weak demand through year-end, potentially forcing landlords to cut asking rents. Studios and one-bedroom apartments could see declines ranging from several percent to the low teens, depending on location and condition, returning rents to late-June or early-July levels.
(pb.pl)