Flat prices in Silesian cities compared with the most important cities in Poland

In recent years the character of the Silesian Voivodeship has changed considerably. Constantly developing cities keep attracting new investors and residents. Silesia, long associated with heavy industry, is becoming a modern region that takes top positions in many rankings.

Silesia is one of the economically and demographically strongest regions in Poland. The voivodeship accounts for a significant share of Poland's gross domestic product – about 12.7% – and its population is almost 4.6 million. Silesia also remains a leader in investment attractiveness – the development of its economic, social and road infrastructure is rated positively, as are its sales market and the high number of skilled workers.

According to a ranking drawn up by the bankier.pl portal (2014; based on data from the Central Statistical Office, GUS), Silesia takes second place (right after Masovia) among the most attractive voivodeships. The comparison took into account the average salary, the unemployment rate, employment in the enterprise sector and the average price per square metre of a flat on the primary market.

Comparison of flat prices in the largest cities of Poland

Silesia is one of the voivodeships where the cost of living is lowest. Property prices are also relatively low. The average cost per square metre of a flat in Katowice is 4,286 PLN, decidedly less than in the other largest voivodeship cities.

Comparison of flat prices in the largest Polish cities

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Comparison of flat prices in the largest cities of the Silesian Agglomeration

Property costs in other Silesian cities are not among the highest either and are decidedly lower than in Katowice. Taking Bytom as an example, a square metre of a flat costs more than 2 times as much in Katowice, more than 3 times as much in Kraków and almost 3.5 times as much in Warsaw.

Average flat prices in the largest cities of the Silesian agglomeration

Source: ceny.szybko.pl – July 2015

Of course, when analysing the chart above, remember that these are only average flat prices and, depending on many factors, including location, number of rooms and floor area, they may differ. That is why a flat in a good location in Bytom may be more expensive than a flat in a worse district of Katowice.