Investment Land Market Warsaw 2021

Publication 31.03.2021

Investment Land Market Warsaw 2021

INWI’s comprehensive report indicates that the value of transactions in the Warsaw real estate market has increased by 14% year-over-year. The contracted land area also increased. In 2021, land transactions covered 1.2 million square meters of land, which is a 17% increase compared to 2020, where transactions pertaining to over 1 million square meters were recorded.

The average price of land in Warsaw was PLN 1585 per square meter. Expressed in apartment usable area, the prices fluctuated by approximately PLN 1600 per square meter, which translates to an increase of more than 16% year-over-year. In 2021, transactions conducted based on local development plans were predominant, making up almost 68% of all transactions. A majority of contracts covered more than one plot. Most plots were sold within six to eight kilometers from the center of Warsaw. “It doesn’t come as a surprise to us that investors have less and less choice. There is hardly any land available anymore in the central locations, so suburbs are becoming the natural direction. INWI, as an investor, also seeks such land that has potential and we are often able to find the way to put a given location to optimal use” – says Mariusz Urbański, INWI Development Manager.

 

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