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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

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.

 

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.

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