New apartments larger than 100 square meters represent a small but very interesting part of the market. Hence, it is worthwhile to take a closer look at this segment.
Customers of development companies most often look for apartments ranging from 40 square meters to 60 square meters. This situation has not changed for years. Those apartments, which due to their size (over 100 square meters) can actually be called apartments, constitute a small part of the developers’ market offer. But this is an interesting segment of the primary housing market. Experts from the RynekPierwotny.pl portal decided to take a closer look at it.
First, it is worth checking what part of the entire supply of new apartments are premises with a usable area exceeding 100 square meters. The share of the largest apartments in the entire developer’s offer according to BIG DATA RynekPierwotny.pl data from September was:
- Bydgoszcz – 2.8%
- Katowice – 4.7%
- Kraków – 2.2%
- Lublin – 0.8%
- Łódź – 1.3%
- Poznań – 2.9%
- Szczecin – 1.2%
- Trójmiasto – 2.6%
- Warszawa – 2.8%
- Wrocław – 2.3%
The result for Katowice may seem a bit surprising. However, a closer analysis of the data indicates that in the capital of Upper Silesia, developers offer quite a few premises measuring 100-120 square meters (3.3% of total supply). However, obviously Warsaw takes the lead in terms of the total number of available premises with an area over 100 square meters (almost 400 developer offers in September 2024).
The data on the average offer price per one square meter of new premises above 100 square meters is also interesting. The average September rate from developers’ offers was as follows:
- Bydgoszcz – PLN 12,627/square meter.
- Katowice – PLN 11,633/square meter.
- Kraków – PLN 15,705/square meter.
- Lublin – PLN 11,297/square meter.
- Łódź – PLN 12,181/square meter.
- Poznań – PLN 14,792/square meter.
- Szczecin – PLN 13,069/square meter.
- Trójmiasto – PLN 17,814/square meter.
- Warszawa – PLN 20,997/square meter.
- Wrocław – PLN 14,072/square meter.
The largest positive difference in presented prices per square meter compared to average rates across the entire market is seen in Bydgoszcz (+23%), Warsaw (+18%), and Trójmiasto (+15%). An interesting situation pertains to Katowice, Kraków, and Wrocław, where in September, the offer for the largest premises was clearly cheaper than the average calculated for the entire primary market.
Author: Andrzej Prajsnar, expert of the RynekPierwotny.pl portal.
Source: https://managerplus.pl/rynek-nowych-mieszkan-powyzej-100-mkw-niszowy-ale-dynamiczny-segment-z-rosnacymi-cenami-10546
