Polish real estate market shows unexpected summer resilience

The Polish real estate market is experiencing a notable resurgence, defying the typical summer slowdown. Data from Otodom indicates that developers in seven major markets, including Warsaw, Kraków, and Wrocław, sold over 4,400 new apartments in July. This activity follows a strong first half of the year, with some companies like Atal reporting over 100% year-on-year growth in contracts.

Market analysts suggest that buyers are moving away from waiting for lower interest rates, as financing conditions have stabilized. While demand is rising, the supply of secondary market properties has decreased in major cities such as Warsaw, Wrocław, and Łódź. This tightening of supply has contributed to a slight increase in average prices for existing homes in most metropolitan areas.

Developers such as Develia and Grupo Lar Polska remain open to price negotiations and promotional offers to maintain momentum. In specific regions like Piotrków Trybunalski, a significant price gap exists between new developments and the secondary market, with new apartments costing approximately 38% more than used ones.