Ukrainians to be biggest foreign investors in Polish real estate
23:28
Foreigners bought 8,500 apartments in Poland in 2019, and Ukrainians bought the biggest part, nearly 3,200 apartments (37.6 percent of the total), as reported by the real estate portal Gethhome.pl, based on data from the Polish Ministry of the Interior and Administration.
Market experts say that foreigners most often buy housing in big cities, such as Warsaw, Kraków, Wrocław, Poznań, and Gdańsk. The total area of housing purchased by citizens of other states is 204,000 sqm. Given that a square meter of housing costs on average PLN 9,000 (€2,000), foreigners paid over PLN 1.8 billion (about €400 million) last year.
Ukrainians most often buy housing in Poland to meet their housing needs, while Western Europeans, such as Germans, see it as an investment.
In addition, in 2019, the Ministry of the Interior and Administration issued 270 permits to Ukrainians to purchase 53.3 hectares of land.
According to the Polish Press Agency (PAP), also Russians and Belarusians are actively buying housing in Poland.
