Poland

Poland’s property market has been recovering, but yields are still not very good.

In the upmarket central Warsaw district of Śródmieście, buying prices are generally over €3,100 per square metre. Gross rental yields in Śródmieście vary between 4.9% and 5.4%, depending on size (smaller units yield more).

In other areas of Warsaw researched (Mokotów, Ursynów, Wilanów, and Żoliborz) there is a considerable range of prices, from about €2,400 per square metre to €2,800 per square metre. Average yields here are lower in these districts than last year, ranging from 5.1% to 6.2%.

Apartments in the charming historic and student city of Krakow range from around cost an average about €2,700 per square metre to €3.000 per square metre, higher this year than last. Yields in Krakow range from 3.4% to 5.1%.

“Residential units are probably overvalued to some degree,” says REAS, Poland’s leading research-oriented real estate agency. We agree. However the overvaluation is not serious, Poland’s economy is improving, and the country’s mood is upbeat.

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