Rising rental rates in Poland. What drives prices?

Regina Pierce

Rising rental rates in Poland. What drives prices?

Rental market rates are breaking records. Even though the number of tenants is not increasing.

Since July, rental rates have been increasing – from 0.5 percent. in Katowice and more than 1 percent in Gdańsk to about 2 percent in Poznań, Warsaw and Wrocław and more than 3 percent. in Krakow. Annual changes are at the same level. Currently, the average rent starts from more than PLN 1.5 thousand. PLN in small towns (Włocławek, Bytom) and reaches more than PLN 3,000. PLN in Kraków, Gdańsk, Wrocław; or up to PLN 5.2 thousand, as it happened in Warsaw – according to Otodom Analytics data.

Nieruchomosci-online.pl data confirm that the average offer in provincial cities is higher than at the turn of 2021 and 2022 – that is, from the period before the war in Ukraine and the influx of people from this country – from 20 to even 50 percent. And as experts remind, this is the time of the bull market.

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