What will 2025 bring us in real estate? Analysis of trends and forecasts for the future
2024: A summary of current trends
The year 2024 brings dynamic development in the real estate market. Both the primary and secondary markets have seen significant activity, with developers bringing thousands of new listings to market. Large cities such as Warsaw, Wroclaw and Krakow particularly stand out, but smaller emerging markets such as Lublin and Bydgoszcz are beginning to gain ground.
The average number of houses built per 1,000 residents in provincial capitals shows strong investment activity. Wroclaw and Gdansk are the leaders, but emerging cities are also accelerating their pace of development:
Housing prices in 2024 and projections for 2025
Real estate prices are one of the most interesting topics for buyers and investors. 2024 brings increases nationwide, both in the primary and secondary markets:
- Warsaw: PLN 18,500/m² (+6%)
- Krakow: PLN 16,600/m² (+5.5%)
- Katowice: PLN 9,600/m² (+12.5%)
Projections for 2025 show further price increases. As many as 68% of those surveyed by Kantar in September 2024 believe that housing prices will continue to rise. Only 8% of respondents expect declines.
Major trends for 2025
1. development of emerging markets
Cities such as Lublin, Bydgoszcz and Rzeszow are gaining ground. Data for January-November 2024 show a large increase in apartment sales in these locations:
- Lublin: 2165 apartments sold
- Bydgoszcz: 1558
- Rzeszow: 1157
2. increase in the number of announcements on the primary market
The primary market is seeing an increasing number of announcements, while the rental market remains stable. The increase in the number of announcements is indicative of the growing supply of apartments coming onto the market:
3. landlord preferences
The rental market is dominated by 40 m² apartments with 2 rooms, which meets the most common needs of tenants.
4. changes in rents
Rental prices will continue to rise, especially in apartments with an average area of 40-60 sqm, where a 5.5% year-on-year increase was recorded:
Summary: What awaits us in 2025?
- Further increasein housing prices – Demand growth with limited supply will continue, especially in large cities.
- Growth of emerging markets – Investors and developers will turn to less popular but booming locations.
- Stabilization of the rental market – Landlord preferences will remain steady, with an emphasis on compact apartments.
- More announcements in the primary market – An increase in development investments will translate into fresh offers.
Source:
Data is from Otodom Analytics and Kantar survey, September 2024. All graphics and charts provided by Otodom.
