19:12 18 September 2023
Value of apartments equivalent to 211% of GDP
The National Bank of Poland has released a report on the country's real estate market in 2022, revealing significant growth. The total value of residential properties in Poland now stands at PLN 6.5 trillion, a 12% increase from the previous year. This growth is attributed to rising property prices, particularly in smaller towns where they surged by 13%, and an expansion in the number and size of available apartments.
Additionally, the report highlights that there are now 413 apartments available per thousand people. While the growth rate has slowed compared to 2021, when it was 15%, the real estate market remains robust, with the property's value equivalent to about 211% of Poland's GDP.
Source: 300gospodarka.pl
