With rising rental prices, the option of acquiring ownership becomes more important

Poles more often than residents of the European Union prefer to live in their apartment than to rent. In 2020, almost 86 percent of us owned an apartment and 14 percent decided to rent, according to Eurostat data. PDD experts indicate that the current situation related to, inter alia, with rising housing prices and falling creditworthiness, generates a boom in the rental market. It is also influenced by the war in Ukraine and the influx of refugees to Poland. Strengthening the rental market will develop this segment. There will also be more and more rental offers with ownership.

"Even before the outbreak of the war, we saw a growing demand for apartments for rent in Ukraine. This was favored by inflation, rising interest rates, and falling creditworthiness. Fewer people can afford to buy their apartment, therefore they are looking for a flat to rent. In addition, there is a large influx of refugees from Ukraine, who are also potential clients for renting apartments. However, it can be assumed that the dream of having your own four walls will not slow you down. Therefore, we expect an increase in interest in renting with the ownership option. This is a proposal that we offer in our investments, where the amount necessary to collect the own contribution is part of the rent paid for the rental each month," Tomasz Szlązak, President of the PDD Management Board, said.

(WBJ)