Flat prices in Katowice (second quarter of 2017)
Text from 2017. Laws, rates and prices may have changed since then. Ask an agent
In the second quarter, thanks to the MdM programme, demand for flats remains high and average flat prices in Katowice are higher. This applies to both the primary and secondary markets. Here is another analysis by the National Bank of Poland, based on surveys of the housing market in the Real Estate Market Database (Baza Rynku Nieruchomości).
Higher flat prices in Katowice on the primary market
In the second quarter of 2017, average asking and transaction prices of flats on the primary market in Katowice increased compared with prices a year earlier. The difference is most visible in the prices of the smallest flats, with an area of up to 40 m2. According to the survey, prices of flats in this range rose by 9.1%.
The median transaction price on the primary market in Katowice stood at 5,094 PLN/m2 and was close to the average transaction price.
Average asking and transaction prices of flats on the primary market in Katowice (PLN/m2)
*) the number of m2 that can be bought with the average salary in the enterprise sector in Katowice at the average transaction price
Source: Information bulletin of the National Bank of Poland, Regional Branch in Katowice, Statistics and Foreign Exchange Department, Information bulletin – the residential real estate market in Katowice and selected cities of the Silesian agglomeration – Q2 2017.
More expensive popular-segment flats in Katowice on the secondary market
A similar situation was observed on the secondary market in Katowice. The survey shows that both average asking prices and average transaction prices are higher than the year before. On average we pay considerably more for flats with an area above 80 m2, as well as for the popular segment of 40-60 m2. The median transaction price on the secondary market was 3,390 PLN/m2. It is worth noting that the median was lower than the average transaction price. This in turn shows that most flats on the secondary market were sold below the average transaction price.
Average asking and transaction prices of flats on the secondary market in Katowice (PLN/m2)
*) the number of m2 that can be bought with the average salary in the enterprise sector in Katowice at the average transaction price
Source: Information bulletin of the National Bank of Poland, Regional Branch in Katowice, Statistics and Foreign Exchange Department, Information bulletin – the residential real estate market in Katowice and selected cities of the Silesian agglomeration – Q2 2017.
Popular flats in Katowice
The survey shows that on both the primary and the secondary market the best-selling flats were those with an area of up to 40 m2 and those in the 40-60 m2 range. These segments accounted for approx. 72% of sales volume on the primary market in Katowice and 74% on the secondary market.
Flat prices in selected cities of the Silesian agglomeration
In the cities of the Silesian agglomeration, the highest transaction prices on the secondary market were found in Tychy and Katowice, followed by Gliwice, Mikołów and Jaworzno. The lowest flat prices were consistently recorded in Bytom, as well as in Piekary Śląskie, Ruda Śląska and Czeladź. Importantly, average asking prices in the analysed cities of the Silesian agglomeration were, in most cases, within the price limits of the "Mieszkanie dla Młodych" (Flat for the Young) programme. However, it should be noted that this did not apply to Gliwice, Tychy, Katowice and Dąbrowa Górnicza, where average asking prices of flats exceeded the MdM limits.
It is also significant that a greater price spread was observed between the cities with the highest and the lowest flat prices. In Q1 2017 it was 1,436 PLN/m2, and in Q2 2017 it was already 1,531 PLN/m2.
Average asking and transaction prices of flats on the secondary market in Katowice and selected cities of the Silesian agglomeration (PLN/m2)
Source: Information bulletin of the National Bank of Poland, Regional Branch in Katowice, Statistics and Foreign Exchange Department, Information bulletin – the residential real estate market in Katowice and selected cities of the Silesian agglomeration – Q2 2017.
