Poland's Residential Property Market in 2026: A Forecast for Buyers and Investors

What you should know as a foreign buyer, tenant or investor. Figures verified against official sources (NBP, GUS) as of June 2026.

What will apartment prices do in 2026?

After several years of rapid growth, Poland's property market has entered a phase of stabilisation. According to the National Bank of Poland (NBP), average transaction prices stopped rising sharply in the first quarter of 2026, and in some cities they even edged down. The forecast for 2026 is price growth in line with inflation — roughly 2–3% a year — rather than the double-digit jumps of previous years.

The key factors are the state of the economy, inflation and the central bank's credit policy. Increased supply in both the primary and secondary markets is curbing further sharp price rises, while persistently high demand keeps prices from falling significantly.

Will apartments get cheaper in 2026?

There is no clear-cut answer. Declines are possible in less attractive locations and for low-liquidity apartments. In Kraków and Wrocław, average transaction prices fell for three consecutive quarters — by about 1.7% and 2.5% year-on-year respectively. In Warsaw and other large centres with steady demand, however, no significant drop should be expected.

Interest rates and mortgages — the decisive factor

Credit availability is decisive. An important correction to a common belief: interest rates in Poland are not rising — they are falling. In 2025 the NBP cut rates by a combined 1.75 percentage points, and in March 2026 the reference rate fell to 3.75%. The forecast for end-2026 is further cautious cuts to 3.25–3.50%.

Average mortgage rates in spring 2026 are in the 6.5–7.5% range, with promotional offers below 6%. Falling rates are gradually improving lending conditions and supporting demand. Foreigners can also obtain a mortgage from a Polish bank — requirements are stricter than for residents, but it is achievable; we help select a mortgage broker and a bank that works with expats.

Government support

The “Bezpieczny kredyt 2%” (Safe Loan 2%) programme has ended. A new subsidy programme, “Klucz do mieszkania” / “Pierwsze Klucze,” was planned, but its mortgage-subsidy component was suspended in June 2025 and is not in force as of mid-2026. The Family Housing Loan (with a BGK guarantee) and the Housing Account (systematic saving with a bonus) remain available.

Main market trends in 2026

•     More developer projects. Developers are launching new schemes in response to demand, increasing supply.

•     Green and energy-efficient construction. The sustainability trend is shaping design ever more strongly.

•     A growing role for the rental market. Because of borrowing costs, many choose to rent rather than buy. The rental market is stabilising, though: in Warsaw the average rent is around 4,880 zł and is edging down (−0.8% year-on-year).

•     Digitalisation. Buying, selling and renting are increasingly automated — from online viewings to remote transactions.

•     The weight of location. Attractive districts hold high prices, while areas with poor transport and infrastructure stagnate.

The most expensive cities in 2026

The most expensive property remains in Warsaw, Kraków, Wrocław, the Tricity (Gdańsk/Gdynia) and Poznań. Large urban centres attract investors and new residents, which sustains prices. Warsaw is the most expensive market thanks to its developed labour market and high standard of living.

Source: NBP data and market services, June 2026. Prices are indicative and vary strongly by district, condition and market (primary/secondary).

Why 2026 is a good time to buy and invest

Stabilising prices, falling rates and rising supply give buyers more comfortable conditions to choose from than during the boom years. For investors, steady rental demand in large cities keeps yields attractive. Foreigners can freely buy apartments in Poland without a permit (a Ministry of the Interior permit is needed only for a detached house or a plot of land), and a transaction can even be completed remotely, by power of attorney.