Housing prices in Poland have remained largely stable in 2025. Compared to January, average prices across 17 surveyed cities fell by just 1%. However, early signs suggest the period of very low demand is ending. Interest rate cuts and, in turn, higher borrowing capacity are slowly reviving the real estate market. According to a report from Rankomat.pl and Rentier.io, mortgage eligibility for some borrowers has increased by more than PLN 200,000 since January.
Despite this improvement, newly issued mortgage loans in Poland still carry the second-highest interest rate in the EU, at 6.69%. By comparison, the rate stands at 4.68% in the Czech Republic, 3% in France, and just 1.76% in Malta. On a PLN 500,000 loan over 30 years, a Polish borrower pays a monthly installment of PLN 3,223. With French rates, that same installment would fall to PLN 2,108—52% lower.
Stable Prices with Local Variations
Like most of 2025, August was marked by price stability. The average price change across 17 cities from January to August was a 1% decline. Notable exceptions included Radom (-9.1%) and Sosnowiec (-8.6%). On the upside, Gdańsk (+7.5%) and Poznań (+5.4%) recorded price increases, with Poznań reaching a new record of PLN 12,100 per m².
Stagnation is unlikely to last. Falling supply and three interest rate cuts since January have boosted buyer sentiment. By July, banks had issued almost PLN 10 billion in new mortgages, close to the record set during the government’s “Safe Loan 2%” program. Both the value and number of loans were strong, with 22,400 loans granted that month.
Borrowing Capacity Up by PLN 200,000
Improved access to credit is a key driver of recovery. For example:
- A childless couple with a PLN 12,000 net monthly income can now borrow PLN 874,000, up PLN 115,000 since January.
- A family of four with PLN 20,000 net monthly income can access PLN 1.48 million, an increase of PLN 220,000 over the same period.
Mortgage Rates: Poland Near the Top of the EU Ranking
Even after rate cuts, Polish mortgages remain among the EU’s costliest. In July, the average mortgage interest rate stood at 6.69%, dropping slightly to around 6.4% in September. Only Hungary had higher rates (6.97%). Romania ranked third at 5.95%.
By contrast:
- Germany: 3.68%
- France: 3%
- Malta: 1.76% (lowest in the EU)
- Czech Republic: 4.68%
- Denmark: 3.53%
- Sweden: 2.84%
For a PLN 500,000, 30-year mortgage:
- Poland (6.69%): PLN 3,223 monthly
- Czech Republic (4.68%): PLN 2,584
- Germany (3.68%): PLN 2,296
- France (3%): PLN 2,108
- Malta (1.76%): PLN 1,789
Greater Transparency in the Primary Market
Another key development was the September 11 implementation of full price transparency in the primary housing market. Developers are now required to publish prices for all units, including previously launched projects. This pro-consumer reform has standardized access to pricing information, increased market transparency, and raised industry standards.
Previously, developers often avoided listing prices, using vague phrases such as “contact us for details,” forcing buyers into lengthy negotiations. The new rules allow prospective buyers to quickly compare offers, assess affordability, and negotiate on a stronger footing.
About Rankomat
Rankomat is one of Poland’s largest online financial and insurance comparison platforms, operating since 2008. It allows users to compare auto, property, travel, and health insurance, as well as financial products such as loans and leasing. Rankomat is part of the Nexus Capital Insurance Services Group (NCI), which operates comparison platforms across Europe.
About Rentier.io
Rentier.io is a Polish analytics and investment platform launched in 2018, supporting individuals and businesses in real estate decision-making. Using data from notarial deeds, listings, and public registers, it provides market analyses, trend tracking, and investment potential assessments. Operating on a subscription model, it serves private investors, developers, intermediaries, and financial institutions.
Source: CEO.com.pl
