🏗️ Poland’s new-build housing market is showing clear signs of recovery. In May, developers across the country’s seven largest markets sold around 4500 apartments, which is 12% more than in April and 21% more than a year earlier. Another important signal is the number of reserved units, which rose to 7100 apartments. This is the highest level since the Safe 2% Mortgage programme, which sharply boosted housing demand in 2023.

📊 Buyers are effectively returning to sales offices, even though the market is no longer supported by cheap subsidised mortgages. This makes the current recovery particularly significant: demand for new-build housing is improving despite high prices, expensive financing and continued caution among developers.

The key figures for May are as follows:

— around 4500 apartments were sold across the seven largest markets;
— 7100 apartments were under reservation;
— more than 8300 apartments were sold in April and May, compared with 6,200 a year earlier.

🏙️ The data covers Poland’s largest residential markets: Warsaw, Kraków, Wrocław, Tricity, Poznań, Łódź and Katowice. In May, the market almost returned to balance, with developers launching roughly as many apartments as they sold. At the same time, total supply approached 60,000 units. This does not point to an overall housing shortage, but rather to a more complex demand structure: buyers have become more active, yet they remain highly selective when it comes to projects, locations and pricing.

💡 The main paradox of the Polish market today is that demand is rising, but prices are not falling. According to Otodom, new-build prices increased year-on-year in six of the seven largest markets. Warsaw stands out in particular: the average asking price on the primary market has already exceeded PLN 20,000 per sq. m, while annual price growth reached 14% in May.

The reasons behind this growth are not limited to returning buyer activity. New projects are becoming more expensive due to higher land prices, construction materials, stricter acoustic standards and new technical requirements for residential developments. As a result, even with a wider supply base, developers find it increasingly difficult to bring more affordable apartments to the market.

📍 The situation also differs significantly from city to city. In May, demand exceeded new supply in Wrocław, Łódź and Katowice. In Warsaw, Kraków and Tricity, by contrast, supply was higher than current sales. Poznań was closest to market equilibrium.

🏡 If this momentum continues, the second quarter of 2026 could become one of the strongest periods for Poland’s new-build housing market in recent years. This is not yet a repeat of the Safe 2% Mortgage boom, but it is already a visible demand turnaround that developers and buyers cannot ignore.

🔍On Realting, you can compare current new-build listings in Warsaw, Kraków, Wrocław and other Polish cities.