Poland residential market enters stabilization phase

The Polish residential real estate market has entered a phase of stabilization, according to data from JLL. In the third quarter of 2026, sales across seven major markets—Warsaw, Kraków, Wrocław, Tricity, Poznań, Łódź, and Katowice—rose by 5.7% year-on-year to 12,500 units.

While the market shows overall balance, significant regional disparities exist. In Warsaw and Tricity, supply is well-aligned with demand. Conversely, markets like Łódź and Katowice face a surplus, with current sales rates suggesting it could take over two to three years to clear existing inventory. The share of ready-to-move-in apartments has increased, reaching 25% of total supply in September, up from 16% the previous year.

Total sales for the first three quarters of 2026 reached 37,200 units, making an annual target of 50,000 transactions a realistic goal. Market stability is being influenced by buyer optimism, interest rate concerns, and construction costs. Experts note that while Poland maintains a strong position in European construction scales, future stability faces risks from geopolitical uncertainty and energy costs.