According to recent studies and reports, there is a significant shortage of housing in Poland. Housing demand has been continuously increasing as a result of the country’s robust economic growth, low unemployment rate, and growing population.
To meet the growing need for housing, it is thought that Poland needs to build between 200,000 and 300,000 new homes each year. But the country hasn’t been able to keep up with the demand because there aren’t enough skilled building workers, it’s hard to get money, and bureaucratic processes take a long time.
The lack of housing is worst in big towns like Warsaw, Krakow, and Gdansk, where prices have been rising quickly because there aren’t enough homes to go around. Since 2015, the average price of a new apartment in Warsaw has gone up by more than 50%. This makes it harder for middle-class families to buy a home.
The problem is made worse by the fact that many of Poland’s current homes are old and need to be fixed up or replaced. The Central Statistical Office says that about 40% of the country’s homes were built before 1970. Many of these older homes don’t meet current safety or energy efficiency standards.
”According to data from the Central Statistical Office, 40% of Poland's housing stock was built before 1970, and many of these homes do not meet modern safety or energy efficiency standards.
The shortage of housing in Poland presents both challenges and opportunities for real estate investors. On the one hand, there is a growing demand for new homes, which creates opportunities for developers and investors who can navigate the complex regulatory environment and secure financing for their projects.
On the other hand, the high demand for housing has also led to rising prices, making it increasingly difficult for middle-class families to afford to buy a home. This has prompted the government to implement various measures to address the issue, including the introduction of a new program to encourage the construction of affordable housing.
In conclusion, the shortage of housing in Poland is a pressing issue that will require significant investment and innovative solutions to address. However, the strong demand for new homes also presents significant opportunities for real estate investors who can navigate the complex regulatory environment and tap into the growing demand for modern, energy-efficient housing.
