Nearly 60,300 transactions were conducted on Poland’s primary and secondary markets in the first half of the year, marking a significant increase of 10,000 deals compared with the same period last year, according to the Cenatarium market monitor. “The figures from the first two quarters of the year show that prices of flats has been raising in most Polish cities, both on the primary and secondary market, following a two-year stagnation,” Mariusz Kurzac, general director of Cenatarium, told the daily Puls Biznesu.
The number of transactions on Poland’s high-end apartment market also rose in the first half of the year, hitting 600 deals of more than PLN 1m each. Warsaw remains the fastest growing high-end market, making up 20 percent of the total transaction volume for H1, followed by TriCity (10 percent) and Kraków, Wrocław and Poznań (below 10 percent). “Poland’s high-end apartment market is now exiting stagnation that started back in 2012, when more than 570 transactions were concluded,” says Kurzac, adding that apartment prices rose from PLN 13,900 per sqm in 2012 to PLN 14 per sqm in 2014.
