Studio flat in Katowice – buy or rent
Text from 2021. Laws, rates and prices may have changed since then. Ask an agent
Katowice, in Silesia, is one of the largest and most attractive property markets in Poland. The city's appeal means that more and more people want to live in the centre of Katowice, even if only in a studio flat. A flat of up to 35 square metres is becoming a real find for singles as well as for larger households.
Prices on the primary market in Katowice have been stable for many months. This can be explained by the relatively low supply of newly built developments. The number of new flats is a relatively small share compared with the high supply of flats on the secondary market. The large disproportion in supply is also linked to the large difference between the prices of flats on the primary and secondary markets.
Katowice Śródmieście – the very centre of Katowice
Properties on the secondary market are decidedly cheaper in central Katowice, even in the very heart of the city. This trend is particularly noticeable for flats with the largest floor areas. Prices of new large flats are often as much as twice as high as those of similar flats on the secondary market.
If you compare flat prices in Katowice with those in other Polish cities of a similar size, you will find that they are much lower. The situation is different, however, on the rental market, since in Katowice it is still poorly developed. That is why finding a flat to rent, and especially a studio flat, takes quite some effort.
Studio flat to rent in Katowice – why so popular?
In Katowice we have a very attractive ratio of price per square metre to the price of renting a flat. Average flat prices are the lowest in the whole country, and interest in renting is growing every year. The small number of affordable flats to let is becoming an ever greater problem in Katowice.
Regular market research shows that only a small share of respondents, around 9%, are interested in buying a studio flat or a multi-room flat. When it comes to renting flats in Katowice, however, the situation is quite different from buying. Half of those surveyed are interested in a studio or two-room flat to rent.
The cheapest studio flats in Katowice can be bought from as little as 47,000 PLN. These are flats of around 35-38 m2, located mainly on ul. Gliwicka, ul. Krakowska (minimum 60,000 PLN) or in Załęże (from around 65,000 PLN), and their price depends on the location and condition of the property.
If the price of a studio flat exceeds 125,000 PLN, we can expect the property to be in relatively good condition, with no need for renovation. The largest and most expensive studio flats on the Katowice market can have an area of up to 137 m2. Apartments of this type are located mainly in areas such as Załęska Hałda – Brynów, Osiedle Ptasie and Śródmieście.
As for the cheapest flats in Katowice, they can be found for as little as 54,000-65,000 PLN in locations such as Szopienice, Załęże and even Śródmieście. However, it is well known that a flat at such a low price will need a thorough and costly renovation. These are mainly flats of 32 – 37 m2 in old buildings.
You can also buy a flat in shell condition for around 70,000 PLN in Szopienice. A similar price will have to be paid for a flat needing renovation in that area.
When looking for a studio flat that will not need renovating, we must be prepared to spend around 200,000 PLN on the secondary market, while in new blocks the minimum prices are as high as 230,000 PLN, and to invest in our own four walls on ul. Zamkowa we need at least 125,000 PLN.
The centre of Katowice – the ideal place to own a flat
Buy a studio flat or rent one – an age-old dilemma. It all depends on how deep our pockets are, our creditworthiness, and our professional and family plans for the future. Buying a flat in the centre of Katowice is a long-term investment – we do not have to live in it. We can let it out and, after paying off the mortgage, pass it on to our children or sell it.
Because so many people are looking, flats to let in Katowice are a very promising investment. We will gladly help you live in the very centre of Katowice – we will help you find, sell or rent a flat, whether it has 1 room or 5.
