Poland: House Prices, Rents, and Rental Yields
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Last Updated: Apr 21, 2008
Warsaw yields moderate at 5.15%
| Last Updated: Apr 21, 2008 | |||||
| WARSAW - Sródmiescie - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 30 sq. m. | 103,800 | 512 | 5.92% | 3,460 | 17.06 |
| 60 sq. m. | 227,280 | 946 | 5.00% | 3,788 | 15.77 |
| 90 sq. m. | 359,100 | 1,413 | 4.72% | 3,990 | 15.70 |
| 120 sq. m. | 490,560 | 1,879 | 4.60% | 4,088 | 15.66 |
| 1820 sq. m. | 669,960 | 3,065 | 5.49% | 3,722 | 17.03 |
| Mokotów - Apartments | |||||
| 30 sq. m. | 82,470 | 445 | 6.48% | 2,749 | 14.84 |
| 60 sq. m. | 174,300 | 858 | 5.91% | 2,905 | 14.30 |
| 90 sq. m. | 296,010 | 1,341 | 5.44% | 3,289 | 14.90 |
| 120 sq. m. | 427,080 | 1,859 | 5.22% | 3,559 | 15.49 |
| 150 sq. m. | 562,500 | 2,363 | 5.04% | 3,750 | 15.75 |
| KRAKOW - Centre* | |||||
| 30 sq. m. | 91,770 | 405 | 5.30% | 3,059 | 13.51 |
| 50 sq. m. | 148,450 | 616 | 4.98% | 2,969 | 12.32 |
| 70 sq. m. | 221,130 | 874 | 4.74% | 3,159 | 12.48 |
| 90 sq. m. | 287,460 | 1,065 | 4.44% | 3,194 | 11.83 |
| 120 sq. m. | 405,720 | 1,386 | 4.10% | 3,381 | 11.55 |
| 150 sq. m. | 480,000 | n.a. | n.a. | 3,200 | n.a. |
|
* Grzegorzki, Kazimierz, Stare Miasto, Wola Justowska and Zwierzyniec Source: Global Property Guide |
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Warsaw yields are still dipping, albeit slowly. A 120-sq. m apartment in central Warsaw now generates a gross rental return of 4.6%. In Mokotów, an apartment with the same size generates a slightly higher yield of around 5.22%, but is cheaper at €3,559 per sq. m compared to €4,088 per sq. m in central Warsaw.
Yields on apartments in Krakow are lower at around 4.7%. Properties are cheaper as well with apartments selling for around €3,160 per sq. m.
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Your Comments
posted by Maggie Kaniewska | 2007-05-08
student, Poland
I would like to know how the figures given above have been collected and how reliable the source is, are those datas valid (the first quarter of 2007)
posted by Matthew Pollock | 2007-05-09
Editor, Global Property Guide
The Global Property Guide's data is based on upper-end apartments in prestigious areas, such as appeal to foreign renters. We draw our figures from an analysis of web advertisements selling and renting good (but not new) apartments. Possibly, there may be some upward bias in Global Property Guide yields figures. When one sells an apartment, one is arguably less likely to decorate it to perfect condition, than when renting. So the renting and selling categories may not be precisely comparable. But since we use the same method in all countries, the user can make comparisons across countries. The Poland data were collected in mid-March 2007, so they are current.