Homebuyers in Poland have fewer reasons to postpone their property purchases. As a result, in the third quarter of this year, Warsaw developers sold more apartments than they introduced to the market. Compared to the previous quarter, sales increased by 43.3%, according to the latest data from CBRE and Tabelaofert.pl. While the availability of new homes declined slightly, prices remained stable. The future of the housing market in the coming months will largely depend on Monetary Policy Council (RPP) decisions, although the new Real Estate Price Transparency Act could also have an indirect impact.
“The increase in apartment sales in Warsaw was driven by a combination of factors that stimulated demand. One key factor was the decline in mortgage interest rates—since May 2025, the Monetary Policy Council has been systematically lowering interest rates. In June, it was announced that government subsidies for mortgages and other forms of housing support would be excluded from the upcoming national housing program. Those who could afford to buy without aid but had postponed their decision, hoping to qualify for subsidies, returned to the market. Soon after, the Price Transparency Act came into force, which some buyers had also been waiting for,”
said Agnieszka Mikulska, residential market expert at CBRE.
Buyers regain confidence as supply shrinks slightly
The housing market conditions are becoming increasingly favorable for buyers. In Warsaw, developers sold 4,150 new apartments in the third quarter—43.3% more than in the previous one. Meanwhile, the number of units launched onto the market fell by 3% to 3,738. Despite the modest decline in supply, finding a suitable development is still not difficult: there are currently 16,442 new apartments available, only 3.3% fewer than in June 2025.
Prices remain stable, rising slower than inflation
Despite the stronger demand, prices have remained relatively stable. By the end of Q3 2025, the average price of a new apartment in Warsaw stood at PLN 18,290 per square meter—up 0.8% quarter-on-quarter and 1.9% year-on-year, compared to a 2.9% annual inflation rate recorded in September 2025.
“Further rate cuts by the Monetary Policy Council will have the biggest influence on the market in the months ahead. They are still possible later in 2025 or early 2026. Any further improvement in financing conditions would stimulate demand, especially since housing availability remains relatively high. Although the Real Estate Price Transparency Act does not directly affect pricing or supply levels, the requirement for developers to publish prices may lead to adjustments in their sales strategies,”
added Mikulska.
Source: CEO.com.pl – “W stolicy sprzedano więcej mieszkań niż wprowadzono na rynek”
