Flat prices in Katowice (third quarter of 2016)
Text from 2017. Laws, rates and prices may have changed since then. Ask an agent
Although 2016 is behind us, it is worth checking what happened in recent quarters on the property market in the Silesian agglomeration. I am sure that for many of you the data prepared by the National Bank of Poland will prove valuable. I also hope it will help you make the best investments on the Katowice property market and in the Silesian agglomeration.
The primary market in Katowice in Q3
In the third quarter, average asking prices on the primary market in Katowice fell. However, this had no effect on average transaction prices, which rose compared with previous quarters. These changes most strongly affected flats of up to 40 m2 and those in the most popular segment: 40-60 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 – the residential property market in Katowice and selected cities of the Silesian agglomeration – Q3 2016.
The secondary market in Katowice in Q3
On the Katowice secondary market, average asking prices were close to those of the earlier period. It is worth noting, however, that last year they were at a lower level.
It is also significant that, according to the National Bank of Poland report, in Q3 2016 the average transaction prices of the smallest flats (up to 40 m2) and the largest (over 80 m2) increased. Flats of 40-60 m2, on the other hand, sold best.
Average asking and transaction prices of flats on the secondary 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 – the residential property market in Katowice and selected cities of the Silesian agglomeration – Q3 2016.
Average flat prices in Katowice in Q3
On the primary market the median transaction price was 5,199 PLN/m2, while on the secondary market it was 3,481 PLN/m2. In addition, the NBP report shows that most flats on the primary market in Katowice were sold above the average transaction price (5,173 PLN/m2). The picture was different on the secondary market, however, where most flats were bought below the average transaction price (3,636 PLN/m2).
| Median transaction price in Katowice in Q3 | |
| Primary market | Secondary market |
| 5,199 PLN/m2 | 3,481 PLN/m2 |
| Average transaction price in Katowice in Q3 | |
| Primary market | Secondary market |
| 5,199 PLN/m2 | 3,481 PLN/m2 |
Where in the Silesian agglomeration can you buy the cheapest flats?
So far, the cheapest flats in the Silesian agglomeration could be bought in Bytom. Their average cost did not exceed 2,000 PLN/m2. It is also no surprise which towns of the Silesian agglomeration have the most expensive flats. They are Katowice, Tychy and Gliwice, where the price exceeds 3,000 PLN/m2.
