Rental prices again. It is the worst in these cities

The end of 2024 brought further increases on the apartment rental market. According to data Otodom Analyticsto which Bankier.pl appoints, prices for the most popular Metroes increased in many cities, but in most cases the growth rate was lower than CPI inflation.

Where did the lease prices increase the most?

The largest increases were recorded in Szczecin and Bydgoszczwhere the monthly rates for rent increased by over 3 percent in a month. In an annual basis, the increases raised there accordingly 6.6 percent and 8.7 percent

Average prices for renting the most sought after apartments (40-59 m²) in December 2024 were as follows:

• Warsaw – PLN 3951 ( +0.5% m/m, +1.7% y/y)
• Cracow -PLN 3120 (-0.1% m/m, +2.1% y/y)
• Wrocław -PLN 3010 (-0.4% m/m, +2.0% y/y)
• Poznań -PLN 2611 (-0.5% m/m, +4.7% y/y)
• Gdańsk – PLN 3104 ( +0.3% m/m, +4.0% y/y)

Less number of offers, greater demand

At the same time, the number of offers available in Poland has dropped significantly on the largest lease markets in Poland. In seven key cities (Warsaw, Kraków, Wrocław, Łódź, Poznań, Tri -City, Katowice) was the number of ads in December 14,000which means decrease by 10 % within a month.

Which cities were the most stable?

The smallest price changes were recorded in Lublin and Warsawwhere prices have increased accordingly 1.6% and 1.7% y/y. In the capital, average price for rent did not exceed PLN 4,000.

For comparison, in Krakow and Wrocław The increases were slightly higher, but they still did not exceed 2 percent per year.

Will the rental prices continue to increase?

Experts indicate that The rate of rental price increases is getting lower. After violent increases in 2022-2023 related to the influx of refugees from Ukraine, the market stabilizes.

In some cities, like Wrocław and Łódźprices dropped slightly compared to the previous year. IN Warsawdespite the monthly growth, the average offer price for a studio fell on an annual basis 0.7 percent