Wrocław becoming city of lucrative investments
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The current phase of the coronavirus pandemic is not having much of an impact on housing markets, investors and deals. How does the housing market in Poland look compared to the rest of Europe? Catella analyzed residential real estate markets in 61 cities and 19 countries in Europe. The survey shows that the demand for apartments, especially in the context of low-interest rates, remains at a very high level. Average purchase prices of apartments are rising; Fears of rising inflation appear to be keeping investors from buying real estate.
According to the report, the most attractive rates of return on home purchases from among 61 analyzed markets are found in the Baltic cities of Riga and Vilnius (5.35 percent each) and in Wrocław – 5.3 percent.
The research shows that the average monthly cost of renting a flat, out of 61 analyzed cities, is currently €15.46 per sqm. This means a decrease of 0.9 percent compared to last year's analysis from the third quarter of 2020.
The residents of Liège in Belgium will pay the least for rent (€9.30 per sqm), then in Malaga, Spain – on average €9.40 per sqm, and in Brno in the Czech Republic (€9.50 per sqm).
The most expensive rental market is in Geneva, Switzerland, and costs €30.10 per sqm. In Luxembourg, prices have increased by a total of 16 percent to €29 per sqm. Popular cities such as Paris and Dublin are still among the most expensive locations housing in Europe.
