Real Estate Market Report Poland - Q3 2026

Poland's economy continues to grow solidly, but inflation, public finances and the political backdrop are moving into focus. The investment market gained strong momentum in the first half of 2026. Where are the best entry opportunities now?

Key facts at a glance:

• Economy: GDP grew 3.9% year on year in Q2 2026, with investment up 8.4%.
• Investment market: Transaction volume reached around €3 billion in the first half of 2026, 77% to 78% above the prior year. It was the strongest first half since 2018.
• Yields: Prime yields range from 6.00% to 6.50%, depending on the segment. This is a clear premium over many Western European markets.
• New-build housing: Around 27,000 apartments were sold in the seven largest markets in the first half, 14.5% more than a year earlier. Building permits rose 18.8% to 145,400 apartments.
• Supply: Around 20,000 completed new-build apartments are now for sale in the largest cities. Their share of sales rose from 18% to 32%.
• Public finances: The draft budget for 2027 envisages a deficit of 7.1% of GDP.

How will inflation, public debt and the 2027 election affect the investment climate?

Which segments benefit as the housing supply in the cities gradually shrinks?

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