14:44 2 July 2024
Report: apartment prices in Poland increased 13% y/y
According to a Knight Frank report, housing prices in Poland increased by 13% over the past year, ranking third among 56 global markets. In Q1 2024, global housing markets saw a 3.6% annual price rise, improving from 2.2% in Q2 2023. Despite this, the annual growth rate remains below the 20-year average of 5.6%. Poland, along with five other countries, experienced double-digit price increases.
Real estate prices globally fell by 0.4% considering inflation. Notably, Turkey had a 9.9% real annual price rise. European markets like France and Germany saw price declines due to economic slowdowns and high inflation.
Knight Frank operates in 60 countries with over 25,000 employees.
(PAP)
