The situation in the Warsaw real estate market is slowly returning to its pre-pandemic state, at least when it comes to the average price per square meter, which is now over 12,000 Polish zlotys in 2022. While the peak of overall demand for apartments may be behind us, the luxury real estate sector is facing insufficient supply compared to demand. If you are looking for high-end accommodations, it’s better not to delay your decision—such properties are currently selling quite rapidly. Below, you will find everything you need to know about the luxury real estate market in Warsaw.
When is a property considered luxury?
The Warsaw real estate market is full of offers for apartments of various standards, with the latest research in 2022 showing as many as 12,000 of them. However, only a small portion of these are classified as luxury. What criteria must an apartment meet to earn such a designation?
The first condition is related to the size and the number of rooms. The luxury real estate market includes apartments with an area of over 100 square meters, with at least four rooms. The appropriate size significantly affects the comfort of using the apartment, which is why it’s not surprising that this is one of the most important requirements set by the most demanding clients. Additional space also allows for the expansion of the apartment with various attractions and amenities, such as a game room, sauna, walk-in closet, or a home theater.
An essential factor is also the refined architectural style, high-quality carpentry, and the quality of materials used—in short, the overall visual impression. While purely utilitarian aspects play a significant role in the comfort of residents, the appearance largely sells properties in this market segment. Wooden or steel finishing elements, modern and striking shapes, and the unique touch of the designer—all these areas are of particular concern to clients.
Location is also a crucial matter. Naturally, the more prestigious, the better. The desirable place for luxury properties is, of course, the center of Warsaw, and districts like Ochota and Żoliborz are also very popular. The immediate proximity of theaters, shopping centers, and other cultural hubs is essential here.
The price of luxury properties in the Warsaw real estate market
How much does a premium segment apartment cost in Warsaw? The average price of luxury real estate in the capital is significantly higher than that of standard properties, which comes as no surprise. For a square meter of such properties, you can pay up to 40,000 Polish zlotys, and according to forecasts, this cost is expected to increase by as much as 7% over the course of this year. This is a direct result of the nature of this market—there is simply less space for new development projects, and those located on the outskirts are no longer as attractive in the eyes of discerning customers.
Types of Luxury Properties — A Wealth of Choices
What types of luxury properties can you find on the Warsaw market? The first and foremost are apartments—typically located in well-secured buildings with their own concierge, parking, and recreational space. Lofts, which are spacious and high-standard apartments in adapted industrial buildings, are also an intriguing option. Penthouses, on the other hand, are usually located on the top floors of the most prestigious buildings, often occupying an entire floor or more.
If you’re considering purchasing a high-end property, it’s a good idea to act quickly. In the face of decreasing availability and rising prices for such properties, any delay may cost you a significant amount. We encourage you to explore our selection of verified offers for apartments and luxury properties available on the Warsaw market. If you have any questions or doubts, don’t wait any longer — reach out to our advisors for the necessary information.
Picture from Freepik
