After the entry into force of the program, a safe loan 2 percent. The real estate market in Poland has practically gone mad. Bank employees are inundated with mortgage applications, developers are raising prices, and sellers are holding casting calls for buyers on a “who will give more” basis.
12.5 thousand applications
The real estate market reacted with revival to the introduction of a safe 2 percent loan. According to government data, until July 26 this year about 12.5 thousand applications.
Due to the fact that some people interested in second-hand apartments are waiting for the abolition of the tax on civil law transactions, a large number of people go to the primary market.
Meanwhile, the offer of new premises is very poor. In Warsaw, at the beginning of July, it was the lowest in over a decade and amounted to just over 11,000. – according to data from CBRE and Rednet Property Group.
Prices gone up in most Polish cities
The graphic below shows the median prices of apartments from the secondary market available on adresowo.pl. In voivodeship cities, the downward trend is not visible, although there are exceptions, such as Białystok (1.33% less), Szczecin (0.16% less) and Zielona Góra (-0.11% per 1m2). In all other cities, apartment prices increased over the year.
From minimal jumps where it was already expensive (Warsaw +1.67 per cent and Gdańsk +0.17 per cent) to significant increases, as in Wrocław and Poznań (over 7 per cent), which are just behind the price podium so to speak.
The price per 1m2 of a flat in voivodeship cities, considered moderate in terms of price, has increased even more. In Rzeszów, prices increased by 9.88% year on year, and by as much as 11.98% in Opole.
In the rest of the voivodeship cities, the prices of flats increased at the rate of 3-5%. per year – according to the experts of the multi-comparison website rankomat.pl.