Demand for flats rising

2010-02-22

The housing market in Poland exhibited signs of an upturn in 2010. Admittedly, no major upward trend in prices has taken place and the supply of new flats remains more or less the same. Nevertheless, demand from potential buyers is far more robust, according to a report compiled by the web service oferty.net and the consulting firm Open Finance.
According to analysts' estimates, 30% more buyers were interested in buying a new home than was the case during the same month of 2009. Prices of flats remained stable in relation to December 2009 – the biggest jump in property values was noted in Sopot, where the average price per square metre rose by almost PLN 200 (€50). Price fluctuations in other Polish cities did not exceed PLN 150 (€37.5). However, when prices are compared with 12 months' previously it turns out that they rose in the majority of urban centres, most notably in Opole (up PLN 304 or €76 per square metre, i.e. 7.6% higher than a year ago), Bialystok (PLN 238 or €59.5, 5.4%) and Wroclaw (PLN 232 or €58, 3.4%). On the other hand, prices slipped in Gdynia (down by PLN 499 or €124.8 per square metre, i.e. -7.1%) and Sopot (PLN 519 or €129.8, -4.9%).


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