Analysis of the residential property market in Sosnowiec in 2015

Home to more than 700,000 people, the Dąbrowa Basin (Zagłębie Dąbrowskie) has long been an important centre of culture and business. Sosnowiec, which neighbours Katowice and is one of the largest cities in the region, is an important place on the property market map.

Comparison of asking prices of flats, houses and single-family building plots in PLN/sq m

Source: data from the Morizon.pl portal – 24.08.2015

The flat market in Sosnowiec

An analysis based on data from the morizon.pl service, which presents information on property in Sosnowiec, makes it possible to identify the districts with the highest concentration of flats for sale. The largest share of all flat listings comes from the district known as Sosnowiec's "dormitory suburb", namely Zagórze – as much as 25.6% of all listings. Next come Śródmieście – 20.1% and Pogoń – 15%. Taking only these 3 districts, their flat listings make up more than 60% of all listings in the whole of Sosnowiec

Percentage breakdown of the number of listings among the 6 most popular districts of the city of Sosnowiec

It is worth noting that more than 46% of the market in Sosnowiec consists of flats with an area of 40 to 60 sq m, followed by those of 60-80 sq m – 29%, while the smallest flats – up to 40 sq m – make up just over 19%. The average size of a flat for rent in Sosnowiec is almost 55 sq m, and the asking price is around 156 thousand PLN, which gives 2,841 PLN per sq m. Compared with the capital of the agglomeration, where the average asking price per sq m is 4,242 PLN, the prices of flats in Sosnowiec turn out to be more than 33% lower.

Houses in Sosnowiec

As for houses for sale, the districts with the most listings are Pogoń, with more than 26% of listings, and Klimontów, with almost 10% of all listings. According to morizon.pl, across the whole market of houses in Sosnowiec the cheapest listings start at just 85,500 PLN, at 1,221 PLN per sq m, for a 70 sq m house in the Środula district, and end at almost 2 million PLN for houses and more than 4 million if we consider whole tenement buildings for sale. In terms of floor area, listings range from the smallest houses of 40-50 sq m to tenement buildings exceeding 1300 sq m. The average floor area of houses in Sosnowiec is 196 sq m, and the average price per sq m is around 2,930 PLN.

If we compare the price per sq m of a house in Sosnowiec with those in nearby cities, it turns out to be more than 26% lower than in Katowice. Compared with the neighbouring cities of the Dąbrowa Basin such as Będzin, Mysłowice or Jaworzno, prices in Sosnowiec are in the middle of the range.

It is also worth noting that secondary-market house listings dominate in Sosnowiec, making up as much as 93% of all listings.

Building plots – single-family

As a city neighbouring Katowice, Sosnowiec is an extremely attractive place for those looking for a plot on which to build a house. This stems from its short distance from the centre of the Silesian Agglomeration, good transport links and lower plot prices. On average a square metre of land costs 192 PLN, nearly 35% less than in Katowice, but because of Sosnowiec's good location plots here are considerably more expensive than in the surrounding towns.

The most plots for sale are in the Zagórze district, accounting for almost 21% of all listings. Next come, respectively: Milowice (12%), Ostrowy Górnicze (11%), Porąbka (10%) and Klimontów (7%). It is worth noting that 4 of the 5 districts lie in the eastern part of Sosnowiec, of which Zagórze and Klimontów are more urbanised, while Ostrowy Górnicze, Porąbka and Milowice, the only one at the western edge, are suburban areas where low-rise buildings clearly predominate.

Comment – Marta Kulawik, expert on the Silesian property market and Manager of the REMAX Gold estate agency in Katowice

"In the second quarter of 2015 the average asking prices of property on the primary and secondary markets have stabilised. The picture is different for the average transaction price, which continues to rise, although compared with last year it is slightly lower. It is forecast that the last months of the year will be marked by increased activity from buyers who had put off purchasing a property. Because of the changes at the end of the year to the deposit required when buying a property with a mortgage, and the change from September in the financing conditions of the government's "Flat for the Young" (Mieszkanie dla Młodych) programme, we can expect an increase in demand on the Sosnowiec property market, which will mean that property prices will continue to rise."