Rental Market Sees Surge in Offers, Prices Stabilize Amidst Shifting Demand

The Polish rental market is experiencing a significant increase in available apartments, with the total supply reaching around 86,000 units in May. This represents a 13% year-on-year increase, driven by a surge in new listings. In May alone, approximately 46,000 new offers entered the market, a notable rise from April.

This growing supply, coupled with a slight decrease in demand, has led to a stabilization of rental prices across most major Polish cities. In Warsaw, the median rent remained around 4,200 PLN, a 7% decrease compared to the previous year. Krakow's median rent held steady at 3,000 PLN, while Wroclaw saw a 4% drop to approximately 2,700 PLN. Poznan also experienced a slight decrease, with median rents at about 2,500 PLN.

However, the market in Gdańsk presents a unique scenario. While the overall supply has increased significantly year-on-year, there has been a month-on-month decrease in available long-term rentals for three consecutive months. This trend is attributed to the city's strong reliance on the tourism season. As warmer months arrive, many property owners shift their apartments from long-term leases to short-term rentals catering to tourists, a strategy that proves more profitable during peak season.

Experts note that Gdańsk's rental market is heavily influenced by seasonal demand, with tourists dominating in the summer and students returning in the fall. This dynamic creates a competitive environment where short-term rentals directly vie with traditional long-term leases for the same properties. The data indicates that May was another month where new rental supply outpaced demand, with approximately 43,000 apartments being rented or withdrawn from the market.

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W efekcie całkowita oferta zwiększyła się do ok. 86 tys. lokali, co oznacza wzrost o 13 proc. rok do roku.