It’s natural that apartment prices in Poland will vary greatly between small towns and large cities. However, there is also noteworthy variation between the transactional costs of apartments in the country’s largest cities.
In order to offer a fair assessment of apartment prices and the general state of the Polish property market, this post will consider data pertaining to the average transaction cost of buying an apartment throughout 2024 and the first quarter of 2025. I will compare this data with the average asking price for apartments in certain cities. To do this, I will analyse offers on Otodom – the leading Polish property portal.
My Experience Purchasing Apartments in Poland
Before I begin to analyse the date I have at my disposal, allow me to share my experiences of purchasing apartments in Poland.
First of all, I bought a 75,2 m2 apartment on the Słoneczna Morena housing estate in Gdańsk back in May 2019. I sold the apartment for around 13,000 zł per square metre in January 2025. Moreover, I also sold two parking spaces and a storage unit in the underground garage. Frankly, I was delighted with the final outcome because the apartment required a substantial renovation. Moreover, the building dates back to 2013 so it’s not exactly a new-build.
In September 2020, I purchased a 42 m2 flat on the same estate, together with a storage unit on the sixth floor of the building and parking space in the underground garage. This was my first, and presume last, buy-to-let purchase in Poland.
If current asking prices for flats on this estate are anything to go by, I wouldn’t be able to entertain the idea of purchasing a buy-to-let apartment there now. However, I tend to believe the data suggesting that there’s a huge discrepancy between asking prices and transaction prices in Gdańsk. There does appear to be reasonable room for negotiation with sellers given the oversaturated state of the market.
Transaction costs on the primary and secondary real estate markets in major Polish cities in the first quarter of 2025
The graphics below reveal a great deal about the state of play with apartment prices in Poland. The first graphic relates to the change in the average transaction costs on the primary and secondary real estate markets in the “Big 6” Polish cities between the final quarter of 2024 and the first quarter of 2025. As for the table, you can compare transaction costs in the “Big 6” as well as Katowice in the first quarter of 2024, the last quarter of 2024 and the first quarter of 2025.
Percentage change of transaction costs on the primary real estate market in six major Polish cities
Percentage change of transaction costs on the secondary real estate market in six major Polish cities
Of course, I will update this post on a regular basis as new figures are released by the National Bank of Poland (NBP).
Comparing average asking prices for apartments in Poland with average transaction prices
I’ve just shared the average transaction prices of apartments in Poland. I’d now like to share data pertaining to the average asking prices in major Polish cities with the help of zametr.pl.
The state of play in the “Big 6”
First of all, allow me to reveal the state of play regarding the average asking prices of apartments in Poland’s “Big 6” cities – Warsaw, Kraków, Wrocław, Gdańsk, Poznań and Łódź. Data concerning the asking prices for apartments is collected by zametr.pl. I have set the data comparison option to miesięcznie, which means ‘monthly’.
Studying the graphs, you can get a feel for how asking prices have changed in recent years. The percentage changes in the top left hand corner refer to the change in the average asking prices for apartments from May 2025 up to June 2, 2005. Pierwotny refers to the primary real estate market, while Wtórny refers to the secondary real estate market. Let’s begin with Warsaw:
Apartment prices in Poland – The Housing Market has Stabilised
Overall, the data in this post regarding apartment prices in Poland reveals that there is significant room for negotiation when it comes to purchasing a property on either the primary or secondary real estate markets. Looking at offers on Poland’s leading property portal, Otodom, it’s fair to say that there are far too many apartments for sale in Poland’s major cities. Furthermore, the majority of property owners have seriously inflated the prices of their properties.
I could have easily asked for 15,000 zł per m2 for my flat in Gdańsk. However, I would never have sold it. The average transaction prices in Gdańsk during the first quarter of 2025 paint a realistic picture of the current state of real estate prices in the city. Newer apartments in prime locations may go for upwards 16,000 zł per m2, while older apartments on the outskirts may sell for around 11,000 zł per m2.