|Last Updated: Apr 30, 2013|
|Mokotów - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|35 sq. m.||71,295||435||7.32%||2,037||12.42|
|60 sq. m.||133,980||654||5.86%||2,233||10.90|
|80 sq. m.||202,080||987||5.86%||2,526||12.34|
|120 sq. m.||345,600||1,542||5.35%||2,880||12.85|
|Śródmieście - Apartments|
|45 sq. m.||119,790||586||5.87%||2,662||13.03|
|80 sq. m.||225,440||998||5.31%||2,818||12.47|
|120 sq. m.||372,960||1,1711||5.51%||3,108||14.26|
|40 sq. m.||87,440||402||5.51%||2,186||10.04|
|75 sq. m.||153,750||747||5.83%||2,050||9.96|
|120 sq. m.||264,360||1,255||5.70%||2,203||10.46|
|35 sq. m.||85,470||396||5.56%||2,442||11.32|
|60 sq. m.||150,780||590||4.69%||2,513||9.83|
|80 sq. m.||215,120||775||4.32%||2,689||9.69|
|120 sq. m.||336,600||1,117||3.98%||2,805||9.31|
Warsaw: Mokotow, Srodmiescie, Ursynów, Wilanów, Żoliborz
Kraków : Kazimierz, Old Town/Stare Miasto
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
According to some indices residential prices are now rising once again in Warsaw. One reason – the data is confusing – may be that after a long period of price-declines, yields are now back to reasonable levels.
Apartments in Srodmiescie, which includes the historic neighborhoods of the Old Town (Stare Miasto) and the New Town (Nowe Miasto), are the most expensive in Warsaw.
Yet they are really not expensive, compared to the prime districts of other European cities. Srodmiescie apartment prices range from €2,662 to €3,108 per square metre (sq.m.), with gross rental yields ranging from 5.31% to 5.87%.
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 €2,037 to €2,880 per sq. m,.
Property investors can expect higher rental returns in Mokotow than in Srodmiescie on smaller apartments, whose rental yields average 7.32%.
Meanwhile, in the other popular Warsaw areas Ursynów, Wilanów, and Żoliborz, apartments are cheaper, ranging from €2,050 to €2,203. Property owners earn moderate rental returns, ranging from 5.51% to 5.83%.
In Krakow, average apartment prices range from €2,442 to €2,805 per sq. m. Apartment gross yields are a little less attractive year, ranging from 3.98% to 5.56%.
Be the first to comment on this article!
Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.
Fortnightly updates from the global property arena directly to your inbox.
Connect to professional advice in Poland
Which parts of the world are most attractive for property investment today?