Flat prices in Katowice (third quarter of 2015)
Text from 2015. Laws, rates and prices may have changed since then. Ask an agent
The latest summary from the National Bank of Poland is out, covering the real estate market in Katowice and some cities of the Silesian agglomeration. How have flat prices in Katowice developed over the last few months? Has the government's MdM programme boosted demand on the housing market in the Silesian agglomeration?
Trends on the primary and secondary markets in Katowice
On the primary market, average asking prices in Katowice fell compared with the previous quarter. It should be noted, however, that last year they were much lower than they are now. The opposite is true of average transaction prices in Katowice, which are higher than in the previous quarter, but still lower than last year.
What lies behind this trend? Flats in the 40 to 60 m2 segment, and those up to 40 m2, are growing ever more popular. Note that purchases in both segments can be supported by the "Mieszkanie dla młodych" programme, which I have already mentioned. Hence average transaction prices could not exceed the centrally imposed limit, which on the primary market was 4773.45 PLN/m2.
Average asking and transaction prices of flats on the primary market in Katowice (PLN/m2)
Source: Flash report of the National Bank of Poland Regional Branch in Katowice, Statistics and Foreign Exchange Department, Flash report – residential real estate market in Katowice and in some cities of the Silesian agglomeration – third quarter of 2015.
What is the situation on Katowice's secondary market? Average asking prices fell compared with the previous quarter and with last year. The only exception is the transaction prices of flats of 40-60 m2, which rose. Let us recall that from 1 September secondary-market flats could be covered by the MdM programme. On the secondary market, the limit for determining the maximum purchase price of a flat and the amount of the subsidy was 3905.55 PLN.
Average asking and transaction prices of flats on the secondary market in Katowice (PLN per m2)
Source: Flash report of the National Bank of Poland Regional Branch in Katowice, Statistics and Foreign Exchange Department, Flash report – residential real estate market in Katowice and in some cities of the Silesian agglomeration – third quarter of 2015.
Trends on the housing market in the cities of the Silesian agglomeration
If we consider the larger cities of the Silesian agglomeration, the highest transaction prices are consistently recorded in Katowice, Tychy and Gliwice. Their level exceeds 3,000 PLN/m2. By contrast, we still pay the least for a flat in Bytom, at most 2,000 PLN/m2. Alternatives may be Piekary Śląskie, Czeladź, Świętochłowice and Ruda Śląska.
Average asking and transaction prices of flats on the secondary market in Katowice and some cities of the Silesian agglomeration (PLN/m2)
Source: Flash report of the National Bank of Poland Regional Branch in Katowice, Statistics and Foreign Exchange Department, Flash report – residential real estate market in Katowice and in some cities of the Silesian agglomeration – third quarter of 2015.
"Mieszkanie dla Młodych"
The government programme has been supporting demand on the housing market for some time now. According to research by the National Bank of Poland, by September 2015, 1470 MdM loan applications had been submitted in the Silesian Voivodeship. The value of the subsidies at that time was approximately 30.6 million PLN.
