Real Estate Market Report 20 Poland 12 - Ober-Haus

Real Estate Market Reports 2012- Gdańsk
GDAŃSK-SOPOT-GDYNIA
Residential
High supply pushes down rents and prices
Supply
In 2011, 5,617 �ats were delivered in Tricity mostly on
the city edges. Buyers have a wide choice among o�ers
from completed investments and projects still under
construction. More popular are turnkey �nished �ats.
The majority of projects are realized by local developers
like Invest-Komfort, Allcon, Hossa, Ekolan, Panorama
and Eurostyl but there are also new outside investors
like LC Corp.
Prices
Residential prices dropped 2% in 2011 to average
PLN 5,450 (EUR 1,363) per sqm. Prices for new flats
are PLN 3,700 – 12,000 (EUR 925 – 3,000) per sqm.
The highest prices were traditionally on the sea
coast strip (Sopot, Gdynia Orłowo, Gdańsk Brzeźno
and Jelitkowo) and in the Old Town in Gdańsk.
Apartments in these regions reached prices of PLN
8,000 - 16,000 (EUR 2,000 – 4,000) per sqm. The
highest prices were noted in Neptun Park, Osada
Rybacka, Szafarnia and Sea Towers. On the
secondary market, in the suburban districts, prices
were PLN 3,700 to 5,700 (EUR 925 - 1,425) per sqm,
while in the city centre they wave from PLN 5,000 to
10,500 (EUR 1,250 - 2,625) per sqm and in the
coastal districts, and in the Old Town, PLN 7,000 to
16,000 (EUR 1,750 - 4,000) per sqm.
Wzgórze Magellana,Castel Sp.z o.o
19
New Projects
To buy or rent in these or other residential
properties, call Ober-Haus on +48 58 520 40 99.
Kosakowo near Gdynia – Ekolan – a complex of
seven four storeyes buildings offering total 187 flats
from 35 to 80 sqm. Prices start below PLN 5,000
(EUR 1,250) per sqm. Completion date is 3Q 2012.
Gdańsk Przymorze, Albatros – Robyg – an
investment of five seventeen floor buildings offering
over 600 apartments. Project is located in the city
centre. Completions of I stage is planned for 4Q
2012.
Gdańsk Morena, Central Park – Hossa –acomplex of
two sixteen floor buildings offering in total 200 flats.
The investment is located in heart of Morena – one of
the most dynamic developing districts of Gdańsk,
very good communicating with the city centre. Prices
vary from PLN 4,800 (EUR 1,200) to PLN 6,542 (EUR
1,635) per sqm. Completion date 4Q 2012.
Gdynia Redłowo, Altus – Invest Komfort – seven
buildings from five to sixteen floors offering 250
apartments. Prices are from PLN 5,700 to 10,670
(EUR 1,425 – 2,667) per sqm. Investment is located
by the main road of Gdynia – Zwycięstwa Alley.
Completion date 4Q 2012.
Demand
In 2011, the most popular flats were two-room with
prices up to PLN 250,000 (EUR 62,500) and threeroom
ones below PLN 300,000 (EUR 75,000).
Thanks to the government's loan subsidy program
for young families the most popular were flats on the
primary market fitting its price limit requirements,
which in Gdańsk at the beginning of 2012 is PLN
5,092.50 per sqm (EUR 1,273).
Rents
www.ober-haus.pl
Thanks to an increasing supply of apartments for
rent, rents fell by 5% in 2011. The supply of
apartments for rent rose because the owners decide
to rent either then sell them in unattractive price. A
one-room apartment rents for PLN 700 - 1,200 (EUR