Poland’s housing market slows, with the steepest sales drop in Katowice, while price growth stabilizes in key cities.
Poland’s housing market is experiencing a notable sales slowdown, especially in Katowice, where sales plunged by 50% year-over-year in October. According to Otodom Analytics, while Katowice faced the sharpest decline among seven major cities, Krakow, Poznan, Warsaw, and Wroclaw showed smaller drops between 20-25%.
Moderate Demand with Increased Supply
Despite this downward trend, October saw a slight improvement from September, with a 6% rise in total apartment sales across the major markets. Developers introduced more new units than were purchased, pushing available inventory past 53,000 units.
Stable Prices Across Key Markets
Average prices stabilized, with a moderate 9% year-over-year increase—marking the first time in 15 months that price growth stayed under 10%. Cities like Lodz, Wroclaw, and Warsaw led with higher price growth, while Gdansk and Poznan saw only minimal changes.
While supply grows, the cooling demand and slower price increases reflect a market in adjustment, particularly as the impact of previous buyer incentives fades.