Housing prices on the secondary market across Poland saw stabilization in September, with some cities experiencing slight declines, according to data from GetHome.pl. While prices remained stable in major cities such as Warsaw, Kraków, Wrocław, and Poznań, they fell in Łódź and cities within the Upper Silesian-Zagłębie Metropolis. Only the Tri-City region saw a notable price increase.
“Prices on the secondary market are behaving similarly to those on the primary market. We can say that the growth has stopped, though it’s too early to declare a trend of price decreases,” said Marek Wielgo, a GetHome.pl expert.
In Warsaw, the average price per square meter for second-hand apartments held steady at PLN 18,200, a trend that has persisted for the past five months on the primary market and four months on the secondary market. A similar price plateau was seen in Kraków, where prices have been stable since May at around PLN 17,500 per square meter.
In Wrocław and Poznań, prices also remained unchanged in September, with Wrocław at PLN 14,300 per square meter and Poznań exceeding PLN 12,000 per square meter. However, both cities had witnessed price increases in the previous month, indicating uncertainty in their respective markets.
Conversely, Łódź and the Upper Silesian-Zagłębie Metropolis saw price drops of 1% and 2%, respectively, with Łódź at PLN 8,600 per square meter and the Upper Silesian cities averaging PLN 8,400. These areas, where credit-driven buyers dominate the market, may continue to see price decreases due to limited access to affordable loans.
In contrast, the Tri-City experienced a second consecutive month of price increases, with the average price reaching PLN 15,800 per square meter. This marks the end of a three-month period without price hikes in the region.
Source: GetHome.pl and ISBnews
