How much do studio flats cost in Katowice?

Small flats enjoy unflagging popularity. The reason is simple – this type of small residential property is ideal for starting out. Just right for singles, and even for couples. What are the investment possibilities in studio flats in Katowice? We checked!

Floor area worth its weight in gold

Calculated per square metre, studio flats in Katowice come out relatively expensive. For properties with an area of up to 30 m2, the figure in May was almost five thousand (precisely PLN 4955). After narrowing the listings down to properties with an area of at most 25 m2, the figure is even higher and comes to 5068 per m2.

If you do not follow the property market in Upper Silesia on a regular basis, these figures may not tell you much. To illustrate what such studio flat prices mean, let us look at the average prices paid per square metre of flats when all listings are taken into account – all of them, that is, with no floor area limit. It turns out that these amounts are 10 per cent lower, and their average level in May was 4551 per m2.

A studio flat to rent – what are the prices in Katowice?

This is what the prices achieved by studio flats in Katowice look like when someone wants to buy them. But what about renting? We checked that too. In this case, the price achieved in May by each square metre rented out in properties of up to 30 square metres was PLN 44 per month.

We mentioned above that the difference between the sale prices of studio flats and the average of all flats is around ten per cent. In the case of renting, this difference is decidedly larger and reaches twenty per cent! When we disregard the floor area limit, the average cost of renting a flat in Katowice in May was PLN 36 per square metre per month.

Is a studio flat to let a good investment?

If we look at the above data, it quickly turns out that the answer to this question is decidedly yes. The fact that the premium achieved by studio flats to let in Katowice over larger flats is considerable is one thing. But the fact that in percentage terms it is greater than the premium on purchase shows that the investment has a good chance of paying for itself faster.