The Polish secondary housing market saw a rise in supply at the year's start, with prices stabilising or slightly declining in major cities. As more apartments hit the market, sellers must adjust their pricing strategies to match current conditions.
Declining Property Prices in Key Polish Cities: What’s Happening in Warsaw, Kraków, and Wrocław?
Data from GetHome.pl indicates that in January, the average price per square meter for second-hand apartments fell in Warsaw, Kraków, Wrocław, and Poznań. The largest decline was recorded in Kraków, where prices dropped by approximately 2%, bringing the cost per square meter to around 17,000 PLN. In Warsaw, Wrocław, and Poznań, prices saw a 1% decrease, settling at 18,000 PLN, 14,400 PLN, and 11,500 PLN per square meter, respectively. Meanwhile, prices in the Tricity region remained stable at 15,900 PLN per square meter, and Łódź was the only city to experience a price increase of 1%, reaching 8,700 PLN per square meter.
Surge in Secondary Market Listings in Poland: What This Means for Buyers and Sellers
The beginning of the year also brought a substantial rise in the number of available listings. According to Adradar, Warsaw saw a 9% increase in unique apartment listings, reaching 19,600. Similar trends were observed in Kraków and Katowice, where listings grew by 9% to 10,200 and 2,400, respectively. Wrocław recorded a 6% rise (11,100 listings), while Tricity and Łódź saw a 10% increase (9,700 and 5,700 listings, respectively). Poznań experienced the most significant jump, with an 11% rise, bringing the total to 4,200 available apartments. Nationally, the total number of secondary market listings reached approximately 161,500 by the end of January, an 8% increase compared to December. In comparison to the previous year, this represents a significant 23% growth. At the same time, only 22,000 listings were withdrawn from the market, a one-third reduction from the previous month, suggesting a seasonal slowdown in demand for second-hand apartments. Additionally, 34,500 new listings entered the market, marking a 44% increase from December, a typical trend at the beginning of the year as more properties are put up for sale.
Yearly Trends in Polish Real Estate: Price Adjustments and Surging Listings in 2025
Over the past year, the price trajectory of second-hand apartments has varied across different cities. In Warsaw, Kraków, Wrocław, the Tricity region, and Poznań, price increases in the secondary market have lagged behind those in the primary market. However, Łódź and the Upper Silesian-Zagłębie Metropolis have seen stronger price growth in the second-hand segment. These cities have a significant share of older apartments, particularly those built in the Soviet era and pre-war buildings. The rising share of newer apartments built after 1989 has also contributed to price increases in these areas.
Looking Ahead: What the Future Holds for Poland’s Secondary Housing Market in 2025
With a record number of apartments available on the market and a relatively slow demand, sellers are likely to continue facing pressure to adjust their price expectations. The combination of high supply and moderate demand suggests that prices in the secondary market may continue to experience slight declines in the coming months. As buyers explore both new and second-hand options, market trends will depend largely on factors such as mortgage availability and economic conditions.
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