Residential investors can earn twice as much in Łódź as in Warsaw
21:58
The Łódź housing market is one of the most dynamic in Poland. There are over 100 projects in active sales. Last year, it was the only big city where the supply of new apartments increased and sales were even higher. Despite a dynamic price rise of 42 percent between 2019 and 2021, prices remain lower than in other cities. This attracts investors who want to invest their capital in real estate and earn, for example, through rent. The investment in Łódź may give twice as much returns as in the nearby capital.
"Łódź has huge potential from an investor's perspective. First of all, this is the third largest city in Poland, with a great location and still large access to land. The city authorities place the rapid process of administrative proceedings. So every developer who wants to start his adventure in Łódź will do it well and have the potential to increase. Łódź has been under-estimated for many years and has occupied the last seats in a similar size town rating. Only recent quarters have shown the potential of the city, and the resulting increases in sales and prices mean that catching up on top," Dawid Wrona, Head of Sales, Echo Investment, noted.
(Newseria)