News

• On October 25, 2023, PKO Bank Hipoteczny offered mortgage covered bonds with a total nominal value of PLN 750 million to institutional investors. This was the third issue of the national currency this year - the first one took place in February and the next one in June.

In 2022, the number of transactions on the undeveloped land real estate market (preliminary data from district statistics regarding notarial deeds registered in 2022) decreased significantly - by almost half. The largest decrease in transactions concerned land for residential development. At the same time, the average price per square meter of land intended for residential development increased significantly: in cities by a total of 19% y/y, and in areas outside cities by 12% y/y.

IOver the last 10 years 1.7 million apartments have been built in Poland. The share of new construction in the total stock is on average 11.3%, so there has been a noticeable renewal of the stock.

The holidays have begun - a harvest time for the accommodation industry, as well as for private investors in the short-term rental market. 

The year 2022, despite a generally strong decline in sales on the residential real estate market, was distinguished by a strong increase in the share of home purchases by foreigners.

After the shock of war, high prices remained on the rental market, even though the level of offer in most of the largest cities exceeds the one recorded before the war, and the demand side is clearly weaker.