Poland’s housing market - outlook strongly positive
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With record-low interest rates, constrained supply, and new housing programs stimulating demand, Poland´s housing market is gaining momentum.
The average price of existing flats in Poland’s 7 big cities (Warsaw, Gdańsk, Gdynia, Kraków, Łódź, Poznań, and Wrocław) rose by 3% (4.3% inflation-adjusted) during the year to Q1 2015, according to the Polish central bank, Narodowy Bank Polski (NBP). During the latest quarter, house prices were up by 0.7% (1.2% inflation-adjusted).
Until recently house prices in Poland had been in a slump, dating back to mid-2008.
Compared to pre-crisis peaks:
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