- The leading cities with the highest increase in home prices on the primary market were Białystok (32%), Szczecin (28%), Zielona Góra (27%) and Gdynia (27%).
- The highest prices of apartments on the primary market were recorded in Gdynia (12.5 thousand per 1 sq m), and on the secondary market – in Warsaw (11.8 thousand per 1 sq m).
- “The first quarter of this year brought a marked slowdown in the upward trend in real estate prices in Warsaw and accelerated growth in Gdynia” – assess PIE analysts
- More such information can be found on the Onet homepage
The second quarter of 2022 brought double-digit increases in housing prices in most large Polish cities. “In the 10 largest cities, compared to last year, the price of 1 sq m of a flat increased by an average of 19 percent on the primary market and by 17 percent on the secondary market” – calculated analysts from the Polish Economic Institute.
According to the analysis, the leading cities with the highest increase in home prices in the primary market are Białystok (32 percent), Szczecin (28 percent), green Mountain (27%) and Gdynia (27 percent).
In turn, lower than expected price increases were recorded in transactions on the secondary market in in Warsaw (increase by 5%) and in Poznan (8 percent).
On the other hand, in terms of the nominal value, the highest prices of flats in the primary market were recorded in Gdynia (12.5 thousand for 1 sq m)and on the secondary market – in Warsaw (11.8 thousand for 1 sq m).
“The first quarter of this year brought a marked slowdown in the upward trend in real estate prices in Warsaw and accelerated growth in Gdynia,” indicated the analysis published in the latest issue of “Tygodnik Gospodarczy PIE”.
As noted, in the long term, increases in real estate prices in Gdynia, in particular on the primary market, are much higher than those observed in Warsaw. “Compared to the first quarter of 2022, the average price of 1 square meter of an apartment sold on the primary market in Warsaw has not changed” – it was noted.
Housing prices. Primary and secondary market
According to experts, the increases in real estate prices in the second quarter of this year. compared to the previous year, it was driven mainly by the primary market. In the secondary market they ranged from 5 percent. yoy (increase in the price per square meter in Warsaw) to 23 percent rdr (in Szczecin).
Increases in prices per square meter were more diversified on the primary market – ranged from 6 percent y / y in Gdańsk to 32 percent rdr in Białystok.
Among all the cities, Białystok, Szczecin and Zielona Góra stand out above all. In the opinion of analysts, this may be partly due to the low base effect – nominal prices in these cities were relatively low compared to other cities.