No Złota 44. The most expensive property in Poland has been sold. Price? Buckle up

ByValeska
Willa (zdjęcie poglądowe)

It is not known what its area is and what street it is located on. All we know is that the residence is located in Żoliborz, has five floors, an underground garage for eight cars – and was sold for PLN 50 million. This is a record on the real estate market.

A sales record has just been broken on the Polish real estate market: a residence in Żoliborz in Warsaw was sold for nearly PLN 50 million. This is twice as much as the previous record from 2023, which concerned a villa in Saska Kępa.

The most expensive house sold in Poland

It wasn’t a quick transaction. It is known that the Warsaw agency The Leader’s has been looking for a suitable property for its client for several years. The company does not want to reveal too many details about the residence. We do not know its exact location or size, but we know that it is equipped with:

  • five floors,

  • elevator,

  • ten bedrooms (each with its own bathroom and dressing room),

  • underground garage for eight cars,

  • gym with sauna.

  • inside: marble floors and glass walls.

Currently, the average price for 1 m² of an apartment in the capital is around PLN 17,798. It is most expensive in Śródmieście: the RynekPierwotny.pl portal indicates that the average price in this district slightly exceeds PLN 40,000. PLN per 1 m². In Żoliborz, where the record transaction was concluded, the average price is PLN 25,000. zloty. The cheapest districts have long remained Białołęka, Rembertów, Wesoła and Wawer, where average prices range from PLN 13,000 to PLN 14,000. PLN per 1 m².

Statistics and differences in housing prices

And what does it look like across the country? Data from the National Bank of Poland show that within two years – from the second quarter of 2022 to the second quarter of 2024 – apartment prices increased by 17%. At the same time, the average salary increased by 15%. In the longer term, the difference is even more noticeable. Since 2019, apartment prices on the primary market have increased by 76% and on the secondary market by 71%, while the increase in net wages was 69% during that time.

Deputy Prime Minister Władysław Kosiniak-Kamysz announced changes in the housing policy. The introduction of a program with the working name “Mieszkanie dla Młodych 2.0” is being considered. The program is to be based on three pillars: ownership, shared and social. The key assumption will be to support people buying apartments, especially those financing the purchase with a loan.

The government has not officially withdrawn its intention to introduce subsidies for loans in a formula similar to last year’s “Safe 2% loan”, but the topic has once again “stuck” and if it returns, it is only as a loose announcement by some politicians.

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