Huge increases in rental prices for apartments in Poland
As is commonly known, the turn of September and October is a period when real estate brokers have a lot of work – at that time a lot of students are looking for their dream apartments for rent. This year, unfortunately, the situation may be a bit complicated due to the problem with the availability of housing in Poland and the influx of immigrants in connection with the current situation in Ukraine.
In view of the low availability of apartments for rent in Poland connected also with inflation , you need to be prepared for new rental prices in Poland. Of course, it all depends on the city, but in some cases the rates have increased by as much as 50%.
How much more will I have to pay in the largest cities in Poland?
- Warsaw, Krakow, Wrocław, Poznan and Gdansk – average bid rates increased by an average of 35% over the last year.
- If we take into account studio flats in Warsaw, the rent increased by as much as 50% over a year.
- The cost of renting a flat in Kraków has increased by an average of 47%, in Poznań by 23.6%, and in Wrocław and Gdańsk by approx. 37%.
Let’s take a closer look at it
Warsaw:
Type of apartment | July 2021 | July 2022 | Percentage change |
Studio apartment in Warsaw | 1860 PLN | 2800 PLN | 50,5% |
One bedroom flat in Warsaw | 2700 PLN | 3500 PLN | 29,6% |
Two bedroom flat in Warsaw | 3700 PLN | 4600 PLN | 22,02% |
Gdansk:
Type of apartment | July 2021 | July 2022 | Percentage change |
Studio apartment in Gdansk | 1850PLN | 2400 PLN | 29,7% |
One bedroom flat in Gdansk | 2400 PLN | 3300 PLN | 37,5% |
Two bedroom flat in Gdansk | 3150 PLN | 4600 PLN | 46% |
Wroclaw:
Type of apartment | July 2021 | July 2022 | Percentage change |
Studio apartment in Wroclaw | 1700PLN | 2300 PLN | 35,3% |
One bedroom flat in Wroclaw | 2250 PLN | 3100 PLN | 37,8% |
Two bedroom flat in Wroclaw | 2700 PLN | 3900 PLN | 44,4% |
As can be seen in the tables attached above, rental prices in Gdansk, Warsaw and Wroclaw increased significantly compared to last year.
Will apartment rental prices in Poland fall?
Unfortunately, the cuts are unlikely to happen. Before the situation in Ukraine, there was a problem with the availability of flats for rent. It seems that due to the influx of immigrants from Ukraine, the situation has worsened, which has resulted in an increase in rental prices. Galloping inflation is also important here. Additional monthly charges such as electricity, heating and maintenance of common areas are also increasing.
The number of loans granted for the purchase of a flat in Poland also fell record-breaking, due to the increase in interest rates. Loan installments are getting higher and fewer people can afford to buy their own apartment, which in turn translates into an increase in demand on the rental market.
How to find a suitable apartment these days?
At the moment, it will be difficult to find an attractive apartment at a relatively good price. If you manage to find something nice and at an acceptable price, first of all, you should decide to rent it quickly. Also remember that apartment owners have started to look more closely at potential tenants. They often want to see if a potential tenant has an employment contract in order to avoid unpleasant surprises with monthly payments.
There are fewer and fewer apartments on the rental market in Poland, so if you move to Poland, regardless of whether you will study or work here, it is worth getting interested in apartments in advance.
