Report: number of apartments available for institutions increased by 40%

In 2023, Poland's institutional rental housing market, known as BTR (Build-to-Rent), increased by 40% y/y, with over 5,100 new apartments added, according to data from a Knight Frank and Dentons report. Despite this growth, institutional rental housing accounted for only 1.4% of the total rental supply in Poland's major cities, with over 98% privately owned.

The report highlights that 41% of BTR apartments are in Warsaw, with over 6,600 available and another 4,400 under construction. Challenges for market development include high financing costs, limited land availability, and unclear tax regulations.

The introduction of REIT regulations and more predictable tax laws could further boost BTR growth, making it an attractive investment sector. Knight Frank provides real estate advisory services globally, while Dentons is a leading international law firm.

Source: PAP