In Warsaw, Wrocław, the Tri-City, and Poznań, the average price per square meter of apartments offered by developers in June remained practically unchanged. However, in Kraków, Łódź, and the Upper Silesian Metropolitan Area, it increased by 1% — according to preliminary data from BIG DATA RynekPierwotny.pl.
“The first half of this year in most metropolitan areas was marked by stability in the average price per square meter of new apartments. Of course, there were some fluctuations. It’s important to remember that this effect does not only happen when developers raise prices. It can also result from the appearance of more expensive apartments on the market, the clearance of the cheapest units, or a combination of both factors. In June, such a situation occurred, for example, in Łódź,” says Marek Wielgo, an expert from the RynekPierwotny.pl portal.
Preliminary BIG DATA RynekPierwotny.pl data shows that in June, a large batch of new apartments appeared in Łódź with an average price per square meter of over 13,800 PLN. This is quite high for this market. Additionally, buyers more often chose lower-priced units — averaging about 10,800 PLN per square meter. Therefore, the average price per square meter of all apartments offered by developers in Łódź rose by 1% (to nearly 11,600 PLN/m²).
A similar situation was observed in Kraków (around 16,800 PLN/m²). Meanwhile, the 1% increase in the Upper Silesian Metropolitan Area (approximately 11,400 PLN/m²) was more influenced by the second factor — the clearance of relatively cheap apartments.
Interestingly, in Poznań (13,400 PLN/m²) and Wrocław (around 14,700 PLN/m²), the average asking price per square meter for sold apartments was higher than for those newly offered. Nonetheless, the overall average price in these metropolitan areas remained at the May level. It also stayed unchanged in Warsaw and the Tri-City, although in the latter case, final data will reveal whether stability returned after a 2% increase in May.
Comparing the average prices per square meter of new apartments in June this year to the same period last year, it is worth noting that this was another month in which the price gap narrowed in most metropolitan areas. For example, in Wrocław, the difference was still 12% in January but dropped to 5% in June. At the other end is the Tri-City, where the average price per square meter was 10% higher in June than a year ago, compared to 8% in January.
After six months, Warsaw still has the best chance to be the most price-stable metropolitan area in 2025. The change in the average price per square meter of new apartments over 12 months was only 2% in June. In Kraków, Łódź, and Poznań, it was 3%, and in the Upper Silesian Metropolitan Area — 5%.
“Thanks to the May interest rate cut, the borrowing capacity of potential apartment buyers improved. However, it seems many are still holding off on purchasing, waiting to see how things develop. Prices are high enough, and the supply is large enough that there is no need to make a purchase decision under time pressure,” evaluates Marek Wielgo.
It is important to note that just a month ago, the market expected another interest rate cut in July. However, due to political unrest in the Middle East among other reasons, the Monetary Policy Council will likely maintain rates at the current level at its upcoming Wednesday meeting. The rate cut cycle could resume at the earliest in September. Under these circumstances, no significant rebound in new apartment sales is expected. Instead, supply may begin to shrink, and the average price per square meter might rise slightly. Nevertheless, buyers could still count on price concessions from developers.
