Flat prices in Katowice (4th quarter of 2016)
Text from 2017. Laws, rates and prices may have changed since then. Ask an agent
The new year is well under way. So it is a good time to sum up
the situation on the housing market in Katowice in the last quarter of 2016. Were
flat prices in Katowice really lower than in
previous quarters? Where could you buy the cheapest flat in the Silesian
conurbation?
Lower flat prices in Katowice
First of all, it is worth noting that average asking and transaction prices in
Katowice on the primary market were lower than in the previous quarter,
and also compared with the same period in 2015. The largest fall affected
flats of up to 40 m 2 , as well as the 40-60 m2 bracket.
Average asking and transaction prices of flats on the primary market
in Katowice (PLN/m2).
Source: Flash report of the National Bank of Poland, Katowice Regional Branch,
Statistics and Foreign Exchange Department, Flash report – residential property market in Katowice and in
selected cities of the Silesian conurbation – Q4 2016.
An almost identical change was observed on the secondary market in Katowice, where
average asking and transaction prices turned out to be lower compared with Q3
2016. This applied particularly to flats in the segment above 80 m2 and up to 40
m2. As for the floor-area brackets of 40-60 m2 and 60-80 m2, the
transaction prices of these flats turned out to be stable.
Average asking and transaction prices of flats on the secondary market in Katowice (PLN/m2).
Source: Flash report of the National Bank of Poland, Katowice Regional Branch,
Statistics and Foreign Exchange Department, Flash report – residential property market in Katowice and in
selected cities of the Silesian conurbation – Q4 2016.
Median and average flat prices in Katowice
The average price of a flat on the primary market was 5,
38 PLN/m2, and on the secondary market 3,584 PLN/m2. Incidentally, the median in Q4
turned out to be lower. On the primary market it was 4,850 PLN/m2, and on the
secondary market 3,430 PLN/m2. This means that most flats in Katowice were
sold below the average transaction price.
Where to buy the cheapest flat in the Silesian conurbation?
In Q4 2016 the cheapest flats on the secondary market could be bought in
Bytom. It is worth noting that the average transaction price there was, for the first time in two
years, above 2,000 PLN/m2. Cheap flats could also be found in
Świętochłowice and Ruda Śląska.
Average asking and transaction prices of flats on the secondary market in Katowice and selected cities of the Silesian conurbation (PLN/m2).</p>
Source: Flash report of the National Bank of Poland, Katowice Regional Branch,
Statistics and Foreign Exchange Department, Flash report – residential property market in Katowice and in
selected cities of the Silesian conurbation – Q4 2016.
