Tricity apartments become more premium, targeting affluent buyers

The Tricity area in Poland is experiencing a significant shift in its real estate market, with the average price of new apartments rising by 34.2% between the second quarter of 2023 and the second quarter of 2026. Data from Tabelaofert shows that prices have jumped from approximately 13,700 PLN to 18,300 PLN per square meter. While this might appear to be solely the result of aggressive pricing strategies, analysts point to a more nuanced change in the market's composition.

“

Data shows, however, that a change in the structure of the offer played a significant role – both in terms of the standard of the estates themselves and their location within Tricity.

Ewa Palus, lead analyst at Tabelaofert, explains that the structure of the housing offer has changed considerably. In Q2 2023, popular segment apartments constituted nearly 60% of Tricity's new housing supply, with higher-segment units and premium apartments making up about 40%. Three years later, these proportions have reversed, with higher-standard units now accounting for almost 52% of the offer and popular segment dwellings falling to 48%. This means the current average price is calculated based on a fundamentally different, more upscale, basket of properties.

“

This means that the current average is calculated based on a completely different basket of apartments.

Geographically, the offer has also become more concentrated in prime locations. In Q2 2023, apartments in central Gdańsk and Gdynia, considered the most prestigious areas, represented less than 18% of Tricity's total new housing stock. By Q2 2026, their share had grown to nearly 30%. Palus notes that these are attractive but expensive locations, largely due to high land prices and limited plot availability. The overall price increase, therefore, reflects not just higher developer charges for comparable units but also a strategic shift towards building more premium properties in sought-after areas.

“

These are attractive, but also expensive locations, primarily due to high land prices and limited plot availability.