Poland’s real estate market has long attracted investors and homebuyers alike. In 2025, however, signals suggest that price growth is slowing down. Does this indicate a potential housing bubble burst? Let’s analyze the situation in major Polish cities and examine expert forecasts.

Housing Prices Still Rising, but Slower

Both primary (newly built) and secondary (resale) markets in Poland continue to see rising apartment prices. However, the pace of growth has noticeably slowed, offering cautious optimism for buyers and investors. In some regions, slight drops in price per square meter have been observed, while in others, prices remain high but increase at a slower rate.

Primary Market Shows Signs of Cooling

New-build apartments have started to experience more moderate price increases. Developers, facing high competition and an increasing number of unsold units, are introducing promotions and incentives to attract buyers. These can include temporary discounts on apartments, reduced prices for parking spaces, upgraded finishes, or favorable contract terms.

Open house events and bundled offers have become common strategies for developers, making this an advantageous time for prospective buyers interested in new apartments.

Secondary Market Still Strong

Resale apartments continue to command high prices, largely influenced by private sellers’ expectations rather than strict market averages. As a result, asking prices often differ significantly from final transaction prices, requiring buyers to carefully negotiate.

Current Price Examples

Warsaw – Primary Market:

• 59.5 m² apartment at 15,684 PLN/m² → 933,500 PLN
• 36 m² apartment at 17,584 PLN/m² → 629,325 PLN
• 37.5 m² apartment at 23,165 PLN/m² → 869,854 PLN
• 34.5 m² apartment at 26,707 PLN/m² → 920,056 PLN

Gdańsk – Primary Market:

• 63 m² apartment at 9,048 PLN/m² → 570,000 PLN
• 68 m² apartment at 9,881 PLN/m² → 669,257 PLN
• 39 m² apartment at 19,487 PLN/m² → 760,000 PLN
• 36 m² apartment at 22,263 PLN/m² → 807,483 PLN

Warsaw – Secondary Market:

• 63 m² apartment at 12,524 PLN/m² → 789,000 PLN
• 55 m² apartment at 13,279 PLN/m² → 729,000 PLN
• 39 m² apartment at 15,387 PLN/m² → 599,000 PLN
• 51.5 m² apartment at 19,171 PLN/m² → 990,000 PLN

Gdańsk – Secondary Market:

• 59.5 m² apartment at 6,717 PLN/m² → 399,000 PLN
• 83.5 m² apartment at 9,999 PLN/m² → 834,900 PLN
• 63 m² apartment at 19,032 PLN/m² → 1,199,000 PLN
• 24 m² apartment at 19,125 PLN/m² → 459,000 PLN

Will Prices Drop Further?

Some experts believe that the beginning of 2025 provided favorable conditions for buyers, with temporary price slowdowns or even minor reductions. However, this trend may not last throughout the year. By late 2025 or into 2026, we could see prices rebound, especially in major urban areas.

Regional differences make it difficult to predict a uniform trend across the country, but monitoring price dynamics in key cities is crucial for buyers and investors.