Apartment Prices in Poland (first quarter 2007)

I took time to translate a report about real estate (apartments) prices in selected Polish cities. Maybe some of the readers and those who think about buying a property in Poland will find it useful.

Average prices per one square meter in the first quarter of 2007 in selected Polish cities

WROC£AW|KRAKÓW|WARSZAWA|GDAŃSK|POZNAŃ|KATOWICE
I ($2,262) ($2,677) ($2,799) ($1,840) ($1,727) ($1,109)
II ($2,287) ($2,665) ($2,829) ($2,007) ($1,791) ($1,061)
III ($2,438) ($2,756) ($2,961) ($2,123) ($2,054) ($1,194)

Source: szybko.pl; 1 USD=2,87 zl; 1sq meter = 10.8 sq feet

If I sold my 100 square meter apartment in Chicago area now (the market value is 180K), I wouldn't be able to afford a similar apartment in an average city (by US or EU standards) like Wroclaw. I'd have to pay 45+K more.

I stay in the US for now; only 6 years to pay off the mortgage :).

I would like to see a copy of the report hello - any chance of having a look?

mlody,

you live in chicago?

apartments in Poland in cities such as Krakow, Warsaw and Gdansk are still cheaper than ones in the US:)

if you sold in Chicago you would have approx $540,000 zloty

that is a lot of $$$ in Poland:) you can buy nice apartment for $300,000 zloty and still have $140,000 zloty or $46,000 USD left over :)

5400 zl per sqm is at the bottom end of average in 3M... I was quoted 16800 zl sqm for Sopot this week... thats a pretty big difference... whats the current rate in Manhatten...?

Sopot is expensive indeed:)

Am thinking of investing in property in Lodz has anyone got any advice on where to go or how much to expect to pay am looking for either 1 or 2 bed appt

look thru the property threads - i have posted loads of sites

Yup, do a search.....under word apartment.......several pages and lots of links....please let the board know how you get on!

Type Avg Price (PLN) Avg Price (PLN/sqm)
Apartments 521 846 7 231
Houses 1 156 193 3 559