Imagine that there would be no price labels in stores. We would gotta ask the seller each time, he could give us any number (e.g. inflated, counting on our ignorance), and we would gotta take his word for it, due to the fact that we would not be able to compare them properly, for example, with competition.
This is more or little what the housing marketplace is now. People looking for their own "M" usually do not know about the valuation of the property, nor do they have any thought what the actual average price per metre is in a given location. This makes them sometimes gotta decide "in the dark" to buy an flat for the amount offered by the seller.
But that will shortly change. "The Sejm adopted at its gathering on Wednesday amendments to the Senate's amendment to the bill that would oblige developers and home sellers to complete transparency of prices. The bill will now be signed by the President" – he announced on Wednesday (May 21) the portal money.pl.
What are the real prices for apartments and houses? There is presently no specified place on the Internet
Today (23 May) on the agenda of the Standing Committee of the Council of Ministers there was another project, but on the same issue: "The bill to amend the law on the protection of the rights of the buyer of a residential or single-family premises and the Developer warrant Fund and any another laws" (UD110).
"Currently there is no public access to current information about real (transaction) prices of residential and single-family houses traded," we read in the introduction of the task description.
This does not mean that there is no data in general, but that it does not apply to the prices of actual transactions (the offer is one, but for what the second was sold). These frequently appear after the fact.
"The available data refers to either the offer prices (as reported, among others, by advertising portals) or the prices published only for the largest housing markets (data of the National Bank of Poland), or prices published at a advanced delay, made available on commercial terms (including data collected by the Association of Polish Banks – Amron-Sarfin system). This makes it hard for economical operators, including developers, to plan and parametrize housing investments, and for purchasers to focus on real marketplace prices" - said the author,
Krzysztof Paszyk, Minister of improvement and Technology.
Thus, changes are intended to make life easier not only for average customers but besides for ruling developers (no transparent statistic "allows state authorities to precisely parameterise support instruments, in peculiar instruments aimed at people purchasing their own housing utilizing housing credits"). How?
Home portal with real prices of apartments and houses will be established. Data will be transmitted, among others, by developers
The intent of this task is to make a Data Portal on Housing Trading (called the DOM portal). The website will print statistic on the transactional prices of residential property (primary and secondary markets) in various lists (depending on the attributes of the property, specified as meters, location, etc.).
The transaction price is the 1 for which the property was actually sold. The tender price does not reflect the actual marketplace value. This is intended to aid buyers to measure their offers rationally and to enable public authorities to better prepare housing support programmes. Where will this data be obtained? From developers themselves, among others. The Act provides for 3 sources:
It will besides usage data already collected by public authorities. DOM portal will be addressed by the Insurance warrant Fund (UFG), which already runs the registry of the Developer warrant Fund.
"The compilation of these data in 1 place and the publication of the statistic generated on the basis of these data are intended to guarantee greater transparency of the housing marketplace and the anticipation of correct parameterisation of housing support instruments and monitoring of their impact on local housing markets", the summary concludes.
When does this portal start? The planned date of adoption of the bill by the Council of Ministers is the second 4th of 2025. However, it must go through the full legislative process (the Sejm, the Senate, the President's signature) and be published to enter into force. Only then can work on the method launch of the DOM portal begin.
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