Record low housing prices. Experts indicate three cities

The analysis carried out by the “Money.pl” website shows that the last months of last year have brought significant declines on the secondary market. “In some metropolises, including in Warsaw, second -hand real estate has never been cheaper than new ones,” writes the website, citing the transaction prices updated by the National Bank of Poland recorded in notarial files. “In the 10 largest Polish cities, the prices of apartments on the secondary market decreased in the fourth quarter of 2024 by an average of over 1 percent. (The fourth quarter is defined here as the period from September to November, other quarters are also withdrawn for a month) – says the portal.

Secondary market with a record decline

According to “Money.pl”, the epicenter of the discount was Warsaw. “On the capital’s market square, the second -hand apartments got cheaper during the quarter by more than 6 percent, the most since the turn of 2012 and 2013 were still more expensive than a year earlier, but” only “by 11 %, and not by over 20 percent. , as in the previous two quarters. Of the 17 largest cities of the country, to a decrease in prices by over 5 percent. There was also only in Szczecin (by 7.2 percent) and Łódź (5.4 percent) ” – informs the website and indicates that drops were also recorded in five other cities.

The primary market records light declines

The average price per square meter of the apartment in Poland in January was PLN 14,475 – according to the data “Rynekpierwotny.pl”. It’s 8 percent more than last year. In turn, the average offer price in Poland is currently, as calculated by the website, PLN 764,851, which means eight -percent year on year. According to experts from “Rynekpiełodny.pl”, the situation on the apartment market is stabilized, and the dynamics of the average square meter growth growth decreases. As they notice, the offer of apartments is slowly rebuilding, and there are more and more attractive discounts and promotions on the market that save up to tens of thousands of zlotys.

Expert: “Real estate prices twitched and started to fall”

– Property prices twitched and began to fall. In the largest cities in Poland, the trend is already beginning to be noticeable and ranges from one to several percent – believes legal advisor Krzysztof Granat, a managing partner at the K&L Legal Granat and Wspólnicy law firm. It also indicates that such price dynamics was predictable

– Current changes were expected and appeared in the comments of experts, at least from mid -2024. Because how much can we have the advantage of supply over the demand without price movement? The question is rather whether anything will vibrate on the credit market. The maintained high interest rates of the NBP rather do not indicate a revolutionary increase in loan sales – the expert estimates and announces that in the coming months further, though slow, price drops should be expected.