Who are developers building for in the city center
The article discusses the high costs and scarcity of large apartments in Warsaw, Poland, highlighting the differences in prices between the city center and its outskirts.
In Warsaw, acquiring a large, at least four-room apartment from developers presents a significant financial challenge, with prices averaging around 1.9 million PLN for units that are not finished. In the strict city center, costs soar to between 3 to 4 million PLN, with some exceptional cases surpassing 10 million PLN. Conversely, outside the center, particularly in central districts, larger apartments can sometimes be found for under 2 million PLN, albeit often at the expense of available living space.
The article continues to explain that the lower prices outside the center are not solely due to reduced costs per square meter but also stem from limited living space in these cheaper apartments. The least expensive four-room apartments are around 60 square meters, with those measuring 80 to 90 square meters often costing between 900,000 PLN and 1 million PLN. This emphasizes the challenge for families seeking spacious accommodations as they navigate the difficult real estate market.
Ultimately, the availability of large apartments in Warsaw is quite limited, with four-room units or larger making up less than 13% of the housing stock. This scarcity, paired with the high prices, raises questions about who can afford such housing and what demographic the developers are targeting in their construction projects, especially in the face of rising living costs and urban housing demands.