An apartment from a developer is a luxury item today. Buyers are waiting for government programs to facilitate the purchase of real estate

The cost of buying an apartment from an investor exceeded the symbolic limit of PLN 10,000. PLN/m2 in another city, according to Business Insider. Today, buyers on the primary market are mostly investors, and credit buyers openly admit that they are waiting to buy until programs like “First Apartment” are launched.


  • An apartment from a developer is becoming more and more expensive in Poznan. In some cities, there is a slight drop in prices
  • Credit buyers are waiting for the program “Prvi Stan”. Did they forget about “Apartment without own contribution”?

According to BusinessInsider.com.pl, in February 2022, Poznań joined the growing group of cities where the average price of a new apartment with investors exceeds PLN 10,000. PLN/m² With a price per square meter at the level of PLN 10.3 thousand. PLN, the capital of Wielkopolska was at a similar price level as Warsaw, Kraków, Wrocław, Gdańsk and Katowice. Łódź is also approaching a symbolic border with average prices of PLN 9.8 thousand. PLN/m2

At the same time, housing prices fell in some cities. According to the website RynekPierwotny.pl, significant the monthly price drop was recorded in:

  • Szczecin (by 9.5%),
  • Łódź (by 6.6%),
  • Third place (by 3.4%).

Very slight declines could also be observed in Kraków, Katowice and Olsztyn. But during the year only slightly cheaper apartments in Rzeszów and Szczecin. Overall, year-on-year housing prices in Poland increased by 8.2 percent.

– We are dealing with a serious slowdown in the real estate market. The price per square meter is frozen. There are also not many new investments. The priority for entrepreneurs is to complete the projects completed so far. The traffic that exists now is largely the effect of the momentum we could see a year ago – says Bożena Licht, vice president of the Construction Cluster at the Northern Chamber of Commerce in Szczecin.

High housing prices and difficulties in obtaining a mortgage are causing many lenders to postpone their plans to buy a property. This has been the case since last year, and although there has been a shift for the better in terms of creditworthiness, credit is still out of reach many households.

– In the fourth quarter of 2022, 18,932 housing loans were approved, i.e. 10.77 percent more than the previous year. less compared to the previous quarter, according to the latest AMRON-SARFiN report. – In 2022, banks secured 126,000 new housing loans, which means a reduction of as much as 50.75 percent. compared to the record results for 2021.

It’s not a big problem for developers, because they can count on cash buyers – according to the RynekPierwotny.pl portal, the sale of apartments in February 2022 was 7.5 percent higher than in February 2022, better than last year. Residential premises are also bought by investment funds, which are becoming more and more bold on the Polish market. Only people whose only chance to buy is a mortgage loan today count every zloty.

– The real estate market was almost frozen at the end of the year. We are currently experiencing a slight recovery. There are more and more questions, and more and more people are interested in seeing the apartments. The problem is still the financing of investments and difficulties in obtaining loans. Buyers directly say that they are waiting for government programs that will help them get a loan or buy an apartment – says Mirosław Król, an expert on the real estate market.

At the moment, the most awaited program is the “First Apartment” program, which starts on July 1. The program will enable the so-called Safe loan 2%, to which the state will contribute for 10 years. The maximum loan amount will be PLN 600,000. zloty. All persons under the age of 45 who do not own real estate will be able to apply for a loan (with the exception of multi-member families).

In this context, it may be surprising that more people did not take advantage of another Government program – “Apartments without own contribution”. It was launched on May 27, 2022 and allows you to take out a mortgage in the absence of savings for your own contribution, and additionally offers the so-called family repayment, i.e. redemption of part of the obligation if the debtor’s family grows. Here, too, one of the conditions is not owning real estate (exceptions). People looking for a way to finance the purchase of an apartment should be interested in this program, especially since from March 1, 2023, more attractive rules are in force, which, among other things, conditions of participation.

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