Number of dwellings completed in Poland 2010-2020

In 2020, nearly 221 thousand housing units were completed in Poland, an increase of 6.5 percent compared to the previous year. On the other hand, there was an increase of 62.6 percent compared to 2010.

Prices on the real estate market in Poland

Prices in the real estate market are increasing year after year. In the second quarter of 2020, the annual price growth of apartments on the primary market in Poland was 5.3 percent, while on the secondary market, it was 15.4 percent. In 2019, an average of 326.6 thousand zloty was spent on purchasing an apartment on the primary market in Poland, while nearly 258 thousand zloty was spent on the secondary market. In contrast, the average price of a single commercial premise amounted to 590.3 thousand zloty in the same year, and office premises reached more than 516 thousand zloty.

Mortgage loans in Poland

Demand for mortgage loans has increased every year. In 2020, the market saw a decrease due to the coronavirus (COVID-19) pandemic. Already in April 2021, demand for mortgage loans increased by 94.3 percent compared to the previous year. In 2019, the share of housing loans in the total value of banks’ active receivables amounted to around 60.2 percent. Whereas, in the same year, the share of housing loans in zloty currency was 72.3 percent, increasing of more than 22 percentage points compared to 2013. In 2019, a much smaller percentage of housing loans were taken out in foreign currency. This data shows that Poles became more aware of the risks associated with the exchange rate.