Center for singles, suburb for families? Apartment prices are changing the market
Apartment prices in major metropolitan areas of Poland, particularly Warsaw, are undergoing significant changes, affecting the market dynamics.
The apartment market in major metropolitan areas in Poland, including Warsaw, has started showing signs of change as rising prices and shifts in demand impact available housing options. According to Marek Wielgo, an expert from the property portal RynekPierwotny.pl, the Liberty Tower in Warsaw serves as a prime example, where over 40% of the apartments are studios. This trend indicates a growing preference for smaller living spaces among urban singles, reflecting broader lifestyle trends shaping the Warsaw real estate market.
As of January, the average price per square meter of new apartments in Warsaw's city center reached 40,800 PLN, a 5% increase from December. This rising trend is not limited to the central districts; it also extends to neighborhoods like Ursynów and Wola, which saw price increases of 10% and 1%, respectively. Notably, these shifts in pricing were driven by the introduction of expensive properties to the market, which lifted the overall average significantly, indicating a demand for luxury apartments even in less central locations.
In contrast, areas like Białołęka are experiencing much lower average listing prices, with rates hovering around 13,400 PLN per square meter, which suggests a disparity in the housing market based on location and property type. As urban dwellers increasingly seek affordable options while still wanting to live within city limits, this may lead to further changes in market dynamics, pushing developers to reconsider their strategies and offerings to meet the needs of both singles and families looking for housing solutions that fit their lifestyles and budgets.