Apartment prices. Finally, good news for buyers

The website latkaofert.pl analyzed the prices of new apartments from developers in the largest Polish cities. It turns out that newly introduced properties on the market are cheaper than the average for a given city. This is the result of high competition and high supply. According to the website, developers are today fighting not only for customers, but also to obtain bank financing. They must demonstrate an appropriate level of pre-sales and the sooner they achieve it, the sooner the financing entity will release funds for construction. Hence the attractive, lower than average, prices of apartments in the newest projects.

Where have housing prices fallen?

Data quoted by Business Insider Polska show that in December, compared to November, higher prices were recorded in cities such as Gdańsk, Łódź, Poznań and Wrocław. However, there was a decline in the current and former capital. However, the website points out that data on average prices per square meter should be treated with caution. Although in Krakow the average price per square meter dropped by 1.4%. (is PLN 16,236), then “price lists have increased prices in as many as twice as many apartments as were lowered.” The mentioned decline results from the fact that more new investments with lower prices have appeared in cheaper locations. It was similar in Warsaw (average price PLN 17,206).

The opposite trend was observed in Szczecin, where prices were not increased, but the new, more expensive offer meant that the average price per square meter did not drop (it is PLN 13,200), although many price lists were reduced.

The developer sentiment index published by the website at the end of last year (over 200 development companies from all over the country took part in the survey) shows that there are more and more developers expecting housing prices to decline.

Almost every fourth developer expects price reductions. The percentage of companies that see the possibility of pay increases is only 3.3%.