Polish housing market regaining momentum
This content is archived.
The Polish housing market is regaining momentum. A declining supply of new homes, interest rates at record lows, and new government programs aimed at stimulating demand, are all causing Polish house price falls to decelerate.
The average price of apartments in Warsaw, decreased by 0.9% year-on-year (y-o-y) to end-May 2014, to PLN 7,785 (€1,880) per square metre (sq. m.), according to Ober Haus, lower than the declines in April 2014 (-1.3%) and in May 2013 (-3.5%). When adjusted for inflation, property prices in Warsaw fell by just 1.2% y-o-y.
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