The outlook for buying a flat in 2021

The ongoing pandemic is driving rapid changes in the property market. In 2020 a slight rise in flat prices could be observed, although it had been forecast that the market would collapse and prices would fall. That did not happen, however. Will the current trend continue in 2021, and is it worth investing in property now? You will find answers to these and other questions in the article.

Specialists predict that flat prices will continue to rise in 2021. This is mainly due to the very low interest rates set by the National Bank of Poland (NBP) and steady demand. Although the situation caused by the pandemic may seem uncertain, Poles are not giving up on buying property; on the contrary, they see it as a stable way to invest their money. The only thing the pandemic is shaping is our requirements for the flats we buy. Because we spend so much time in them, we stop treating them solely as a place to sleep and begin to pay attention to aspects that until now were not so important, such as having a home office of our own.

Buying property as a place to put cash

Buying a flat is growing in popularity nowadays, as we see it as an attractive way to invest larger sums of cash. Bank deposits currently pay little interest, and investing in other assets is not very safe. Owning property always guarantees that the flat you bought can be sold for more when the need arises. Market analyses show that Poles invest in property not only in larger cities such as Warsaw, Katowice or Poznań, but also choose tourist towns. Flats are increasingly being bought in Ustroń, Szczyrk, Wisła and Zakopane.

The growing popularity of flats outside the city

The pandemic is making us more flexible about a property's location. Being in or near the centre has stopped mattering so much since we started working from home and, as it turns out, we will be able to work this way even after the pandemic ends. This makes us more willing to choose flats or houses in the suburbs or completely outside the city. Properties surrounded by nature are very popular. Many people recharge their batteries in forests and parks after a whole day of working at home.

The growing appeal of flats with a garden

Ground-floor flats with a garden or terrace are also attracting a lot of interest. Until now, this type of property had usually been chosen by families with children or older people. Today the number of people choosing them is growing. They are an attractive home for those who spend whole days in front of a computer and need to stretch their legs from time to time. Stepping out into their own little garden is then an excellent alternative to longer walks.

In summary, although flat prices are still rising, the increasingly numerous advantages of cheaper options, such as properties outside the city or further from the centre, mean that demand for a place of your own is not falling. If you, too, are one of those who can work from home all the time, and the location of the flat is of secondary importance to you, then perhaps 2021 is the ideal time for you to buy a property of your own.