The Polish rental marketplace is experiencing unprecedented storms, becoming the arena of fierce conflict for all free apartment. As “Rzeczpospolita” reports, in the largest cities specified as Warsaw and Kraków, even a twelve volunteers compete for 1 studio or two-room apartment. These are students starting the academic year, young workers from abroad and graduates taking the first steps in their careers, who are massively seeking accommodation. As a result, property owners can choose in offers, and rental prices soar up, frequently reaching evidence levels. This situation puts thousands of people against the wall, forcing them to act rapidly and fiscal flexibility to find a roof before late autumn, erstwhile a slight slowdown is expected. The lease marketplace has now become the owner's market, where request importantly exceeds supply and attractive offers vanish in a flash.
Record request Drives Prices in large Cities
August 2024 proved to be a period of evidence acceleration in the rental market. Analysis of the Morizon-Gratka group reveals that request was as advanced as 15.7 percent more than a year earlier, indicating a dynamic change. In Warsaw this is traditionally a highest period, but this year request was exceptional. Kinga Arceus of Freedom Warsaw-Śródmieście emphasizes that the competition for attractive housing was mainly turned on by students coming from another cities and young workers from abroad, especially from Ukraine, Belarus and countries of Asia. The fastest thing to do was to disappear. studios and two-room apartments, especially those located in well-connected settlements that offer easy access to universities and jobs. This increased request straight translates into rising rental rates, making uncovering an affordable place a real challenge.
Fight for Apartment: It's about velocity and Price
The current situation on the rental marketplace makes the owners of the most attractive properties have no reason to lower prices. On the contrary, it frequently happens that possible tenants bid rates to outrun competition and increase their chances of signing a contract. Michał Grzelaska, manager of the Freedom Łódź-Wierzbów branch, notes that request is driven not only by students, but besides by young people entering the labour market, who frequently postpone the decision to buy their own apartment. Renting a decent place at a good price was much harder in August than a year ago, especially close the university. The offer was somewhat more available on the outskirts of cities, especially in the construction of a large plate, but there is usually little interest. It's a applicable clue for searchers: be ready for fast decision and possible price negotiations up.
How much does it cost to rent? Current Rates in August 2024
‘Rzeczpospolita’ reported circumstantial average rental rates for August 2024, which clearly show the scale of growth. W Warsaw for two-bedroom flat paid on average PLN 4524And for a condo PLN 2967. W Krakow, respectively, it was PLN 3204 and PLN 2421. W Katowice average rates were PLN 2280 for two-room flat and PLN 1619 for a studio while in Boat – PLN 2162 and PLN 1666. It is worth remembering that these are average values, and in the case of the most desired locations and standards, prices can be much higher, especially in the face of bidding. This data is crucial for anyone who plans to rent as it allows to estimation the essential budget and marketplace realities.
What's next on the rental market? Perspectives for Autumn 2024
Although August was a period of evidence demand, experts foretell that any slowdown in the lease marketplace may only happen late autumn. This is simply a natural cycle erstwhile most students and employees already find their place. However, given the continuing influx of young people into the labour marketplace and the inactive advanced inflation which discourages buying their own homes, no drastic price cuts are expected. The marketplace will stay competitive and attractive offers will proceed to vanish quickly. For possible tenants this means a necessity Continuous monitoring of offers and fast response. Housing owners can number on unchangeable request and advanced cost-effectiveness in the coming months, which will keep price pressure.
The situation on the Polish rental marketplace is now highly dynamic and demanding. The increasing demand, driven by students and young workers, combined with a limited supply, leads to a fast increase in prices and fierce competition for all available apartment. For those seeking accommodation, it is crucial to prepare for fast decision-making, budgetary flexibility and willingness to act. The marketplace favors owners who can choose from many willing. The expected slowdown in late autumn may bring temporary relief, but long-term force on rental prices is likely to continue, making this section of the marketplace 1 of the most demanding in Poland.
Continued here:
The rental marketplace on fire. There's a couple of people fighting for a condo, prices are going up.
