Anyone considering buying an apartment in 2024 is asking themselves two key questions: how much will they cost, and is there a chance prices might drop? – Much will depend among other factors on interest rates, the availability of mortgage loans, and the overall market situation in the country – says Radosław Borek, Sales and Marketing Director at D.Dom. The recently announced new government program will also play a significant role in this matter.
Thousands of Poles are planning to buy an apartment in 2024. They are not only pondering the size of the property to choose, but the main question is: will housing prices drop this year, and what would need to happen to curb the rising costs?
Will housing prices increase this year?
– Price increases in 2024 will largely depend on interest rates, the availability of mortgage loans, government support programs, inflation, wage growth, and the overall market situation in Poland – assesses Radosław Borek, Sales and Marketing Director at D.Dom.
He adds that, in his opinion, we can expect further increases in property prices this year. – Both land prices and construction costs are not decreasing, and the supply of apartments on the market is not significantly increasing, which could lead to further price hikes – he states.
