Exactly 28 thousand 781 apartments in Warsaw were put up for sale on OLX and OTODOM on Tuesday, April 8 – according to the summary that online sales websites do. This is a new record in the capital.
To understand how large this number is, it is enough to state that before 2025 the record was 26 thousand. 374 offers of July 19, 2022, and that in This year, 3,500 arrived offers, and in the year – 8.7 thousand
Number of apartments sale offers in Warsaw
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OLX / OLX
Since the sale offers are coming, it means that the demand at current prices does not cover the emerging new offer. Is there any price effect of supply growth? The Zamer service, which summarizes prices from offers, states that the average price on the secondary market in Warsaw has dropped to 18.3 thousand. PLN per sq m from 18.9 thousand in December, i.e. about PLN 600. The primary market is more resistant to reduction, because here the price has gone down at the same time, but only by about PLN 100 to PLN 18.2 thousand. zloty.
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Comparing on a 12 -month scale, The offer in Warsaw on the secondary market struck on average by 3.1 percent. and on the primary market it increased by 4.4 percent. It seems that individual apartment owners than developers are more likely to break off offers and succumb to emotions, but everything comes out at the end of the transaction after price negotiations. And you always have to consider what the offer is, i.e. in what location. It could have been that there were offers in cheaper locations, so naturally, the average at the developers went up during the year. On the secondary market, however, the inheritance trend is already clear.
Average offers in Warsaw
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Zamet.pl / Fumper.pl
According to data from the offers of developers, which are independently entered by potential buyers on the Developer website, the highest prices developers expect from buyers a flat on the border of Wola and Śródmieście on ul. Żelazna, and prices reach 39 thousand. PLN per sq m, apartments on the right bank of the Vistula are cheaper. In the northeast of the city, in Białołęka, there are about 11 thousand. PLN per sq m right near Warsaw in Marki, prices are already below 10,000. zloty.
Prices proposed by developers in Warsaw
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Developeruch.pl / Developeruch.pl
After the reduction of the apartment, they sell
However, this is only Warsaw, a slice of what is happening all over Poland, although a special fragment, because it is the largest housing market. In the country, the offer has already slightly decreased to 234.9 thousand. apartments. At the record of March 26 this year. There were 237.6 thous. This is mainly the result of a decrease in the number of advertisements in Krakow to 17.4 thousand. With almost 18 thousand At a record moment and in Wrocław, up to 16.7 thousand Currently from records of 19.2 thousand In December last year
Changing the offer of apartments throughout Poland on OLX and OTODOM websites
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OLX / OLX
Interestingly, a decrease in the number of advertisements is associated with a discounting prices, So you can conclude from this that the customer was found thanks to the price reduction. In Krakow this year the average price has dropped by 2.5 percent. Both on the primary and secondary market, and in a scale 12 months from 3.7 and 2.2 percent respectively. In Wrocław, this year, a decline on the secondary market was as much as 3 percent, and on the original 2.8 percent.
At least 100 apartments were falling in April in: Gdańsk, Łódź, Lublin, Bydgoszcz, Kielce and Olsztyn. In addition to Warsaw, supply increases can be observed in: Poznań, Szczecin and Bialystok.
The offer will grow
One should be aware that the offer will grow, because although the inhabitants are decreasing – and in last year. The number of Poles decreased by 157 thousand. For natural reasons – this is a lot of new apartments are being built. In February, we exceeded the number of 16 million apartments in Polandi.e. 427 per thousand inhabitants. In the first two months of the year, 30.3 thousand were started, and according to the recent estimates of the Central Statistical Office There are almost 838 thousand under construction. premises. For comparison, there are only 1.7 thousand under construction in Denmark.
This year, in the first two months, developers began building 23.5 thousand. apartments, by 10.2 percent Less year on year. If all currently built apartments in Poland are already being built and the keys will go to buyers, we will have 451 apartments per thousand inhabitants. This would be more than according to the latest available information in: Austria (447), USA (438) and Ireland (414)although less than in the Czech Republic (473) and Hungary (478). With this amendment that both countries look better in a tourist resident, i.e. proportionally more tourists visiting them, so the natural market is greater there.
If we have already mentioned renting, then returning to Warsaw, the increase in the number of sale offers of apartments does not involve a decrease in rental offers. There are no records here, because they were in 2020, when in pandemic, among others Students threw renting and returned home, and there were practically no tourists, but the level of 13.2 thousand. ads can be considered high. It is similar in Poland, which only confirms the thesis that The supply grows much faster than demand. And such a thing heralds price drops. Unless the government comes up with a new program for the support of buyers or demand will not stimulate interest rates, we can get ready for this scenario.
Author: Jacek Frączyk, Business Insider Polska editor
