Poland real estate market shows split between secondary and primary sectors

The Polish real estate market is experiencing divergent trends between the primary and secondary sectors. In the secondary market, the number of available properties has decreased, falling to approximately 134,500 units by the end of August. Despite this shrinking supply, prices have remained relatively stable in many areas, a phenomenon attributed to strong competition from developers offering new properties.

Conversely, the primary market is seeing a significant surge in activity. Sales of new apartments in seven major markets rose by nearly 50% compared to the previous year, with approximately 4,200 units sold in August. This growth in demand has also led to slight price increases in cities such as Łódź, Kraków, and the Tricity area.

Market analysts also note a growing geographic divide. While major metropolitan areas like Warsaw, Kraków, Wrocław, and the Tricity continue to see high demand due to job concentration and services, smaller and medium-sized towns may face a decline in buyers due to demographic shifts. In some regions, such as the outskirts of Poznań and Wrocław, residential demand is expected to shift from city centers to surrounding counties.