Industry revenue of »rental and operating of own or leased real estate« in Poland 2011-2023

The House price index in Poland is amongst the least in the EU. This has augured well not only for the rental market, but the entire real estate market as a whole, with revenues projected to grow from 18.8 billion U.S. dollars in 2011 to over 27.8 billion U.S. dollars by 2023. Additionally, the sector has also benefited from the growing disposable income of consumers along with increased business activity and enhanced consumer confidence. Unsurprisingly, the country has a high rate of home ownership, ranking fifth in the EU.

Covid-19 pandemic to bring disruptions

2019 was a record shattering year with respect to housing construction activity in the country. According to data from constructionmarketexperts.com, 237,300 new build homes were started, 207,200 dwellings were completed and building permits were issued for 268,500 new homes. However, the industry is expected to suffer a slow-down in the medium to long term, owing to the outbreak of the corona virus, as consumers are expected to curtail their discretionary spending. Office real estate is also likely to be impacted as many companies would prefer operating from home.

Industry revenue of »rental and operating of own or leased real estate« in Poland from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Poland. The industry “rental and operating of own or leased real estate“ has the code “L682“.

Details on the methodology can be found here.

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