Flats in Bytom among the cheapest in Silesia
Text from 2019. Laws, rates and prices may have changed since then. Ask an agent
Property in Bytom is among the cheapest in the region. The average price per square metre of a flat here is about 2,130 PLN, so a square metre of a flat in Katowice costs more than 2 times as much.
A low price sets alarm bells ringing for each of us – surely there must be something wrong with this flat? It should be remembered, however, that one of the factors behind the relatively lower flat prices in Bytom is that the city has a bad reputation for mining damage and unemployment, as well as for its large number of dilapidated and neglected tenement buildings. All this lowers interest among clients and causes sellers to cut their prices.
What are flat prices like in Bytom?
Browsing the listings of flats for sale in Bytom, we will notice that average flat prices differ depending on the district – the most expensive are in Stroszek, Szombierki and Miechowice, and the cheapest in the Śródmieście and Karb districts.
Average flat prices in the districts of Bytom
Source: ceny.szybko.pl – July 2015
In the Karb district the low price results mainly from mining damage. This district has become "famous" for its cracking tenement buildings, which causes a significant drop in interest in buying a flat there.
In turn, when analysing the low prices in the Śródmieście district, it should be remembered that over 50% of the listings are flats in tenement buildings with a larger floor area – often exceeding 100m2. As a result, the price per m2 is correspondingly lower. When looking for attractive listings in Bytom you can find real "gems" starting at 600-700 PLN per m2, which is practically unheard of in other cities.
Listings of the 5 flats in Bytom with the lowest price per m2
READ ALSO – WHAT TO LOOK OUT FOR WHEN BUYING A FLAT IN A TENEMENT BUILDING?
As you can see, if we look at individual listings, all the cheapest flats are in the city centre. Note that the attractive price results from the fact that all these flats are in old tenement buildings, have a larger floor area and require a thorough renovation. It is therefore worth estimating, before buying, the amount of investment needed to renovate and furnish such a flat, which can even exceed its value several times over.
Before buying any flat, remember to get to know the surroundings of the flat and the neighbours thoroughly and, above all, to check the legal ownership status of the flat, so as not to be cheated and not regret your choice.
We invite you to contact the agents of the REMAX estate agency in Katowice, who will help you choose the most suitable place to live
