Cushman & Wakefield has analysed the findings of a survey carried out by SW Research on a representative sample of the inhabitants of the largest Polish cities. Polish people are increasingly choosing to rent instead of buy, as home prices have reached sky-high levels; additionally, they favour renting for its flexibility and convenience.

The survey commissioned by Cushman & Wakefield has clearly revealed that the home rental market is far larger and more active than official figures would suggest. The survey carried out on a representative sample of the inhabitants of Poland’s six largest cities shows that 18% of the respondents are renting a flat or a house (567 out of 3,078).

Karolina Furmańska, senior residential analyst, consulting & research and capital markets at Cushman & Wakefield, said: “The residential market is red hot and homes on the new-build market are selling out almost as soon as a building permit is secured, with prices rising by the quarter. Buyer activity is gathering pace, driven by low interest rates and cheap lending.

“Spiralling prices are, however, benefiting the home rental market, which has become tenant-friendly on account of the pandemic. Rents have fallen almost across the board and there are real bargains to be found. Poland continues to lag behind its western neighbours, but the number of home renters has been rising by the year and looks set to grow.”