Secondary housing market stable - report

Prices of apartments on the secondary market in Poland were stable in January, according to a report published by Morizon.pl, a real estate portal. Prices increased significantly year-on-year in such cities as: Gdańsk, Katowice and Gorzów Wielkopolski. They recorded the biggest drop in Kielce. In the remaining 14 cities analyzed by the website, prices remained mostly unchanged over the past year, increasing by up to 2.6 percent in some locations and falling by no more than 1.4 percent y/y in other markets. Throughout the past five years, prices on the secondary housing market declined by almost 8 percent.