The real estate market in Poland in 2026 – forecasts, apartment prices, and mortgages

Apartment prices in 2026 – stabilization instead of sharp increases

What will the real estate market in Poland look like in 2026?

In the largest cities (Warsaw, Krakow, Wrocław, Gdańsk, Poznań), we are seeing a slowdown in apartment price increases. Developers are more flexible in negotiations, and buyers are analyzing location, standard, and maintenance costs more carefully.

However, there are no signs of a significant price reduction. The housing shortage in Poland, high land and construction costs, and population influx into urban areas limit the scope for significant price reductions. In practice, this means longer sales times and more selective demand.

Mortgages in 2026—a cautious return of demand

The stabilization of interest rates has improved the predictability of installments, and some households have regained their creditworthiness. At the same time, banks maintain restrictive risk assessment criteria.

In 2026, the following factors will be key for buyers:

• actual creditworthiness and down payment,
• choice between fixed and variable interest

Mortgage loans in 2026 no longer drive speculative demand, which promotes a more balanced market.

Short-term rentals and PRS – a change in investor strategy

Is short-term rental still profitable?

Short-term rentals in 2026 remain attractive in tourist cities, but are subject to greater regulation and administrative pressure. Some owners are switching to medium- and long-term models in search of more stable cash flows.

At the same time, the private rented sector (PRS) is growing. Institutional investors are increasing the supply of rental apartments, which is professionalizing the market and raising service standards. For individual investors, this means greater competition and the need to calculate profitability precisely.

Building a house in 2026 – costs and formalities

The most common problems faced by individual investors

Building a house in 2026 still involves high material and labor costs. The challenges are:

volatility of raw material prices,

availability of contractors,

time-consuming administrative procedures.

At the same time, energy-efficient projects are becoming increasingly important, as they reduce operating costs and increase property value in the long term.

Are we facing a correction in real estate prices?

A scenario of a sharp correction seems unlikely without a strong macroeconomic shock. A model of “soft stabilization” is more realistic:

• greater price negotiability,
• decline in transaction dynamics,
• selective demand in the Premium segment.

Market fundamentals—urbanization, limited land supply, and housing needs—continue to support prices in the long term.

What does this mean for buyers and investors?

Investment risk in 2026

For buyers, 2026 means more time for analysis and less pressure to make decisions. For investors, the following remain key:

location and standard,

realistic rate of return after financing costs,

long-term strategy instead of short-term speculation.

The real estate market in Poland in 2026 will be in a stage of maturity – less emotion, more calculation.