15:26 19 August 2023
The Polish rental market still relatively unprofessional
The Polish rental market is at a turning point. In a short time, the availability of mortgage loans has almost simultaneously decreased, property prices have sharply risen, hundreds of thousands of refugees have arrived, and commercial institutional rental operators have entered Poland.
“Experts rarely believe that the government will focus more on rental-related policies, spend more time refining housing policies to support tenants better and develop this market,” Przemysław Chimczak-Bratkowski, Managing Partner at ThinkCo, said.
In the coming years, municipalities will face a significant challenge, particularly in balancing demand with supply and stemming the outflow of residents.
The latest report, 'Rental 2030,' developed by ThinkCo in collaboration with Otodom, PFR Nieruchomości, and Simpl.rent, shows that this market is relatively underdeveloped in Poland. According to Eurostat data, only about 13 percent of Poles rented homes in 2022 (compared to the EU average of 31 percent). However, experts believe this percentage is underestimated due to the dispersed and relatively unprofessional nature of commercial rentals. However, this doesn't change the fact that renting is less common in Poland than in all Western European countries.
(Newseria)
