Wartime mood affecting housing market

Growing geopolitical tensions—especially the ongoing war in Ukraine—are increasingly shaping Poland’s public debate and housing market. Analysts from RynekPierwotny.pl warn that rising fear and uncertainty may weaken demand among homebuyers and investors. After a decade-long boom, Poland’s housing cycle is slowing: sales and prices have stabilized, and new construction permits are falling. Developers face higher costs due to new defense-related regulations and possible tax hikes. Meanwhile, some investors are selling properties or moving capital abroad.
Experts caution that if fear escalates, even a minor military incident could trigger a property sell-off. The market’s future now depends heavily on the geopolitical outlook—peace could stabilize demand, but escalation may cause a major downturn.