Property prices on the rise

Reports have shown that property prices have started to rise in Poland – with tourist-friendly cities Krakow and Wroclaw leading the way.

According to research by Szybko.pl, Metrohouse and Expander, the average prices in Krakow have increased by as much as four percent (around PLN 6,263 per square meter) and in Wroclaw by approximately 3.2 percent (PLN 5,179 per square metre).

Marta Kosinska of Szybko.pl stated that autumn is generally the best time to look at buying. “Compared with August 2013, the prices are on average 4.3 percent higher. If this trend continues to the end of this year, then we are forecasting about 5.5 – 6 percent,” she said.

“For a buyer in Lodz, you would be looking at around 10 percent deposit,” says Marcin Janczuk of real estate agency Metrohouse. “But for someone wanting to purchase a property in the capital, it would be around twice that much.”

In contrast, prices at the Baltic coast have dipped, with Gdansk dropping by 7.4 percent per square metre and neighbouring Gdynia by a much less PLN 0.2 percent.

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