5:44 4 September 2025
Warsaw, Kraków reach Rome prices
Poland is at the forefront of Europe’s housing inflation, with Kraków posting the steepest year-on-year price growth among major cities in 2024, according to Deloitte. The city’s average cost per square meter rose 28.1% to €3,800 (approx. 16,180 PLN). Nationwide, housing prices climbed over 19%, marking the sharpest rise of all countries surveyed.
In Warsaw, the average reached €3,849 (approx. 16,390 PLN) per square meter, aligning Poland’s capital with cities like Rome. A 70 m² flat now costs nearly ten times the average annual salary, though both Warsaw and Kraków remain more affordable than Budapest, Bratislava, or Prague. Katowice remains the most accessible, at just over seven times average income.
Luxembourg remains Europe’s priciest housing market (€8,760 ≈ 37,330 PLN/m²), while Turkey (€949 ≈ 4,040 PLN), Bosnia (€1,482 ≈ 6,310 PLN), and Albania (€1,620 ≈ 6,900 PLN) present the most affordable options; Ankara is the cheapest city at around €905 ≈ 3,850 PLN/m².
Deloitte attributes the surge to dwindling housing supply, regulatory burdens, and broader cost pressures, cautioning that interest-rate cuts may not ease affordability.
