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Apr 22, 2016

Yields are moderately good in Warsaw, Poland, at from 5.5% to 6.5%


Last Updated: Apr 22, 2016
Mokotów - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
90 sq. m. 159,930 812 6.09% 1,777 9.02
120 sq. m. 244,440 1,314 6.45% 2,037 10.95
Śródmieście - Apartments
90 sq. m. 192,870 937 5.83% 2,143 10.41
120 sq. m. 259,080 1,178 5.46% 2,159 9.82
Warsaw-
Other Areas
apartments
90 sq. m. 157,320 849 6.47% 1,748 9.43
120 sq. m. 210,120 1,112 6.35% 1,751 9.27
Krakow apartments
90 sq. m. 159,030 897 6.77% 1,767 9.97
120 sq. m. 312,720 1,235 4.74% 2,606 10.29
Warsaw: Mokotow, Srodmiescie, Ursynów, Wilanów, Żoliborz
Kraków : Kazimierz, Old Town/Stare Miasto
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

House prices in Poland have been rising gently since Q4 2013.  For reasons which are not entirely clear to us, this year we found somewhat lower gross rental yields than last year, in the Polish cities we cover.

The Warsaw distict of Mokotow, located just below Srodmiescie, houses many foreign embassies and companies. It ranks second in terms of property prices, after Srodmiescie. Prices for apartments here range from €1,800 to €2,050 per sq. m,.

In Mokotow 120 sq. m. apartments have rental yields averaging 6.45%. For a 120 sq. m. apartment you will pay €244,000 and earn maybe €1,300 per month.

Apartments in Srodmiescie, which includes the historic neighborhoods of the Old Town (Stare Miasto) and the New Town (Nowe Miasto), are now similarly priced.

Yet they are really not expensive, compared to the prime districts of other European cities. Srodmiescie apartment prices are at about from €2,150 per square metre (sq.m.), with gross rental yields ranging from 5.5% to 5.8%.

In the other popular Warsaw areas Ursynów, Wilanów, and Żoliborz, apartments cost around €1,750. Property owners earn good rental returns here of around 6.4%.

In Krakow, average apartment prices range from €1,750 to €2,600 per sq. m. Apartment gross yields here range from 4.7% to 6.7%.

The big downside is that round trip transaction costs are high in Poland. See our Poland transaction costs analysis and our Transaction costs in Poland compared to other countries.

 





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