Poland housing market: rental regulations and credit shifts

The Polish housing and labor markets are experiencing several significant shifts. The government has adopted an amendment to regulate short-term rentals, granting housing communities and cooperatives the right to ban such activities in their buildings. Additionally, municipalities may establish zones where short-term rentals are restricted or prohibited. Violators could face administrative fines of up to 50,000 PLN.

In the rental market, August saw an increase in available properties, with approximately 85,500 listings available, up from 79,500 in July. While demand for secondary market housing rose by 9% year-on-year, potential buyers are facing challenges as mortgage credit capacity has dropped across all household groups, most notably for families with children.

On the investment side, Bank Gospodarstwa Krajowego (BGK) is funding the creation or modernization of over 3,000 student housing places through a 578 million PLN program, targeting cities like Warsaw, Wrocław, and Kraków.

Meanwhile, the labor market shows high competition for certain roles. Data from OLX Praca indicates that while job offers decreased by 2% year-on-year, candidate activity rose, leading to high competition in office roles, with some single listings receiving thousands of applications.