Real estate Residential
21:17 12 October 2021
Post by: WBJ

There are fewer and fewer new apartments in Warsaw

There are fewer and fewer new apartments in Warsaw
Source: Photo by Raul Petri on Unsplash

There are fewer and fewer new apartments in the capital. This is due to, inter alia, the fact that in recent months there has been a lot of demand for real estate, the last ones have sold out and developers have completed their projects. The Warsaw real estate market is important on a national scale – it is in the capital that 1/4 of all new apartments are sold out.

At the end of the second quarter of 2021, only 275 new development investments were available in Warsaw, although three months earlier there were 330 of them, according to the latest report of the RynekPierwotny.pl portal. 

Warsaw is the only one of the six large metropolises to experience such a large drop in the supply of new apartments in the first half of 2021.

At the same time, in the second quarter, the average Warsaw rate on the primary market increased by 3.9 percent and exceeded PLN 11,000 / sqm. A comparison of the average price of flats introduced to the primary market in Warsaw and sold in Q2 2021 suggests that the average prices of flats will also increase in the coming months.

(300gospodarka

warsaw
apartments
prices
rynekpierwotny.pl

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