Definition:
The real estate market refers to the transaction of properties, including residential properties (such as houses and apartments) and commercial properties, such as office buildings and industrial properties. Apart from property sales, this market includes leases and the value of real estate.Structure:
The real estate market comprises residential and commercial real estate. The residential real estate market covers real estate transactions and leases, and residential real estate leases are divided into apartment and house leases.Additional information:
The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and real estate renters as well.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Notes: Please note that this chart only covers the residential real estate market. Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Notes: Please note that this chart only covers the residential real estate market.
Most recent update: Jul 2024
Source: Statista Market Insights
The Real Estate market in Poland has been experiencing significant growth and development in recent years. Customer preferences in the market are shifting towards more modern and luxurious properties. With a growing middle class and increasing disposable incomes, Polish consumers are increasingly looking for high-quality homes with modern amenities and innovative designs. Additionally, there is a rising demand for properties in prime locations, such as city centers and popular tourist destinations. Trends in the market include the construction of new residential and commercial properties to meet the growing demand. Developers are focusing on creating mixed-use developments that combine residential, commercial, and recreational spaces in order to cater to the diverse needs of consumers. Another trend is the increasing popularity of green and sustainable buildings, as consumers become more environmentally conscious and seek energy-efficient homes. Local special circumstances in Poland also contribute to the development of the Real Estate market. The country's strategic location in Central Europe and its membership in the European Union make it an attractive destination for foreign investors. The government has implemented policies to encourage foreign investment in the Real Estate sector, such as tax incentives and simplified regulations. Additionally, the relatively low cost of living and affordable property prices in Poland compared to other European countries make it an appealing option for both domestic and international buyers. Underlying macroeconomic factors, such as a strong and stable economy, also play a role in the development of the Real Estate market in Poland. The country has experienced consistent economic growth in recent years, which has led to increased consumer confidence and spending power. Low interest rates and favorable mortgage conditions have also made it easier for individuals to purchase properties. Furthermore, the government's infrastructure development initiatives, such as the construction of new roads and railways, have improved accessibility and connectivity, making certain areas more attractive for real estate investment. Overall, the Real Estate market in Poland is thriving due to changing customer preferences, favorable local circumstances, and positive macroeconomic factors. The market is expected to continue growing in the coming years, driven by increasing demand for modern and luxurious properties, as well as continued foreign investment and government support.
Notes: Please note that this chart only covers residential real estate sales. Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights