Number of dwellings completed in Poland 2010-2023

In 2023, nearly 221.3 thousand housing units were completed in Poland, a decrease of seven percent compared to the previous year.

Prices on the real estate market in Poland

Prices in the real estate market are increasing year after year. In the second quarter of 2023, the annual price growth of apartments on the primary market in Poland was 10.4 percent, while on the secondary market, it was 4.1 percent. In 2022, an average of 426.4 thousand zloty was spent on purchasing an apartment on the primary market in Poland, while 364 thousand zloty was spent on the secondary market. In contrast, the average price of a single commercial premise amounted to 1,059 thousand zloty in the same year, and office premises reached more than 840 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. However, inflation and rising bank interest rates caused a decline in loan demand in April 2022. In 2023, the share of housing loans in the total value of banks’ active receivables amounted to around 61.6 percent. Whereas, in the same year, the share of housing loans in zloty currency was 90.3 percent, increasing of more than 40 percentage points compared to 2013. In 2023, 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.