Over 60 thousand apartments waiting for buyers. Sales from developers have gone up

According to preliminary data in October this year. 4,000 were sold on the seven largest markets in Poland. development apartments; that's 27 percent more than in October 2024 – according to the Otodom report. As added, there are currently 62.1 thousand available for sale in these cities. premises.

In October, sales of developer apartments were lower compared to the “exceptionally good sales, compared to the previous months” of September. Despite this, it was 27 percent better than the one in October 2024 – indicated the authors of the report. They added that preliminary data indicate 4,000. apartments sold on the seven largest markets in Poland.

“For the first time this year, data from monitoring the housing market negatively verified the thesis that a reduction in interest rates causes a sharp increase in the number of apartments sold compared to the previous month. However, it is worth noting that for the first time this year we were dealing with reductions occurring month after month and the October decision of the Monetary Policy Council was part of the cycle of reductions already recognized by the market. Therefore, the surprise effect, which after previous reductions stimulated potential buyers to finalize the purchase of an apartment, no longer had such a strong impact,” she said. in the publication Katarzyna Kuniewicz from Otodom.

The October data – as explained – are part of the trend of “a gradual increase in buyers' willingness to finalize purchase decisions” observed for several months by the company's analysts. This trend is strengthening, among others: due to growing creditworthiness and stabilization of housing prices.

According to the study, the number of apartments put on sale in October was lower than in September. Developers started selling by 1%. fewer apartments than a month earlier, which translates into several dozen fewer new premises. In the case of demand, the difference between the results from October and September (before the correction) was larger and reached -9%. As a result, the current demand over supply was smaller than in September.

The authors of the report also indicated that the number of available apartments in the seven largest markets in Poland is 62.1 thousand. premises, and after adding apartments reserved by buyers – over 68.5 thousand.

According to Otodom's calculations, in all the analyzed cities, in October there were slight corrections in average apartment prices compared to September, but none of them exceeded 2%. In the capital, an average square meter of a new apartment cost PLN 17,400. PLN/sq m, which puts Warsaw in first place among the analyzed cities.

In Tricity, the average price was PLN 17.3 thousand. PLN, and in Krakow it was PLN 16.5 thousand. zloty. In other large cities, prices were slightly lower. In Wrocław they amounted to 14.4 thousand on average. PLN/sq m, in Poznań 13.5 thousand PLN/sq m, and in Katowice 12.7 thousand. PLN/sq m Łódź remains the most affordable, where the average price per square meter of a developer's apartment in October was PLN 11,200. PLN/sq m

The authors of the study also pointed out that there is more anxiety and uncertainty than optimism on the part of those putting apartments on the market.

“The November decision of the Monetary Policy Council will certainly strengthen the current trends on the sales side, but the strength of its impact on the market will certainly be smaller than the reductions in May and July. The surprise effect that accompanied these first reductions and the belief that there will be no more reductions this year were an impulse for many buyers to end their search and finalize the transaction. The current reductions, especially the last three occurring month after month, may have the opposite effect on the demand side – interested parties will refrain from purchasing an apartment until stabilization credit conditions,” Katarzyna Kuniewicz pointed out. (PAP)

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