Record on the Warsaw residential market. For the first time, so much was paid per meter
An unprecedented sale in Warsaw's real estate market saw a record price paid per square meter for the luxury apartment at Orris Residence.
In January, a significant real estate transaction occurred in Warsaw, mediated by the agency Partners International, with real estate advisor Olga Fibak overseeing the deal. This transaction marks a milestone in the local housing market, as it reports the highest price per square meter ever recorded in the capital, demonstrating robust demand and investment in luxury properties.
The property in question is the Orris Residence, a contemporary six-story building situated in the very heart of Warsaw, at the intersection of Śródmieście and Powiśle. Notable for its modern design integrated among historical buildings, the residence houses five luxury apartments, each with impressive ceiling heights exceeding three meters. Its prime location is complemented by nearby cultural institutions, such as the Music University and the Frederic Chopin Museum, highlighting the property's allure for affluent buyers seeking both luxury and cultural significance.
The increase in property prices reflects broader trends within Warsaw's real estate market, shaped by a growing interest in urban living and premium amenities. According to Olga Fibak, the materials used in construction of the Orris Residence are of the highest quality, further underscoring the appeal to potential buyers. As Warsaw continues to evolve as a key player in the European real estate market, such transactions could set new standards and influence future developments in the area.