Autumn in Warsaw: Why is now the best time to buy your dream property?
Autumn is the perfect time to buy a property in Warsaw.
An analysis of local market data for Warsaw reveals that this season is not a time of stagnation, but a unique, strategic window of opportunity for buyers.
Unlike the dynamic price increases of recent years, which were triggered in 2023 by, among other things, the “Bezpieczny Kredyt 2%” (Safe 2% Loan) program, apartment prices have stabilized and are even showing slight stagnation. Combined with a significant increase in supply, this creates ideal conditions for buying.
Autumn brings market stabilization
- After years of rapid growth, the average price per square meter in Warsaw has stabilized at around PLN 17,000 for apartments and PLN 11,000 for houses on the secondary market, with prices stagnating annually after dynamic increases between 2021 and 2024.
- Moreover, while the average remains stable, significant price corrections of up to several percent can be seen at the level of individual offers. Over the last 30 days, for instance, there have been numerous instances of price adjustments, including a 7% reduction on a 38 m² apartment and a 4% reduction on a 35 m² apartment.
- This signals an increase in sellers’ motivation to finalize transactions quickly. After the summer peak, owners who have not sold their properties are often willing to make concessions and are more open to negotiation.
- This translates into real savings for buyers, as favourable terms or discounts are more easily obtained.
Greater choice and less competition are key factors that give buyers an advantage.
- The most notable difference this autumn in Warsaw compared to previous years is the substantial 28% year-on-year increase in the number of available apartments.
- This sharp increase in supply is directly linked to the slowdown in demand, meaning that this imbalance is the main reason why the market has shifted in favour of buyers. Fewer buyers and more available properties mean that competition is significantly lower.
- In the fall, the real estate market favours buyers. They have more time to make decisions, can compare more offers, and conduct more favourable negotiations. This advantage is real, not seasonal, so it’s worth actively looking for your place right now!
Don’t wait for spring – overcoming the “wait and see” mentality
- The current market situation is also dominated by the “wait-and-see” phenomenon, i.e., people postponing purchasing decisions in anticipation of further price declines.
- However, banking experts predict a ‘slight upward trend’ in prices in the last months of the year (PKO BP bank report).
- This is an argument against a passive attitude. Waiting for further price reductions may prove to be a strategic mistake, leading to the loss of a unique opportunity.
Autumn is the perfect time to move
- For many years now, the weather in Poland has remained mild in autumn, making it ideal for moving. You are not moving in the heat of summer or the cold of winter.
- The autumn period also provides an opportunity to verify the condition of the property more effectively.
- When temperatures drop, certain flaws that were ‘masked’ in the summer become more noticeable, such as leaks, moisture, poor window insulation, and heating problems. This gives you an advantage in negotiations and time for possible renovations and preparation of the apartment before the holiday season.
The current stabilization and large selection of apartments is a unique opportunity that may soon end. It is the perfect time to act. Take advantage of the fall to calmly analyze the market, review offers, compare neighborhoods, and calculate costs.
Contact us and we will help you take advantage of this strategic moment in the market. We will analyze specific offers and check whether the price, location, and condition of the apartment are worth the value.
Don’t hesitate to get in touch—we’re always happy to help!
Based on data: GUS, Otodom, PKOBP, rynekpierwotny.pl, zametr.pl