Katowice Poland Real Estate
In Katowice, Poland, TriGranit has laid the foundations for the development of the world's largest residential development in the region, which, according to the company, will provide more than 2,000 square meters of residential and commercial space by the fourth quarter of 2021.
The building will be an integral part of the city of Katowice, near which one of the largest shopping centres in the region is located. In addition to the city centre, the nearby Bogucice and Koszutka districts are also a popular destination for expats and students who want to rent a room in KatOWice. A single room for less than 150 euros a month is available here, while the prices for larger rooms, which are more sought after in this area, rise to 400 euros. That figure is about 1,500 euros a week, or about $2,000 a year for the same area.
One might expect that the owner of a property in Warsaw would set the price of renting an apartment in Katowice in the same way as he would in any other city in Poland.
The market has great potential and attracts many domestic and foreign investors, many of whom appreciate the favourable market conditions. Since the real estate market is the second largest in the world after the US and the third largest in Europe, this is an attractive investment.
The cost of living and renting an apartment in Katowice are impressively low and an attractive option for those who are moving with their families. Those looking for accommodation can rent it as long as they are under 18 and can live in the city for just $1,000 a month. The reason why so many people are moving there from other countries, and the potential we see for the country, continues to make it one of the most attractive property markets in Europe and makes it a perfect investment location for Revetas, as we tend to focus on living in cities like London, New York, Paris, Berlin, London and Paris.
Apartments in Katowice are at the beginning of 35 m2 and can be up to 63 m2 in size, although the size may vary depending on the choice of bedrooms. When you rent a room, you have access to a variety of amenities such as a kitchen, bathroom and living room, which allows you to connect with your roommates and meet new people more easily. Nestpick also offers apartment sharing and there are a large number of apartments that can be rented in the city for less than $1,000 a month. Can KatowICE maintain and support large projects in its current development and development potential?
So it is not surprising that 40% of the apartments on the primary market for 2017-2018 were bought for rent, according to JLL. Remember that you need to buy with a bank or home loan, so this is not always possible.
This is particularly evident in the six major cities where demand for housing is highest: Warsaw, Krakow, Gdansk, Poznan, Wroclaw, Lodz, Warsaw and Warsaw. The high visible growth took place in all mentioned cities and the capital of Poland. The market grew by 7% compared to the previous year and by 6% in the first half of the year.
In Katowice, we see that new real estate prices have risen by about 30.14%, which, according to the Central Bank, is in line with wage growth over the same period. This is the highest rate of growth in the city and the second highest in Poland after Warsaw.
There are four indicators of bubbles to watch out for: prices above 11,000 PLN per square metre, average prices per apartment equivalent to 10,412 PLP, median prices of 1,500 - 2,400 PLN and average prices of 3,200 - 4,300 PLN N. In Katowice, prices for an apartment range from 1.5 to 3.8, while prices at the upper end of the range range are between 2.4 and 4.7, with prices above 184.108.40.206.6.
We have therefore decided to look at Poland, and Katowice in particular, and to use the same criteria for comparison. Unfortunately, the free Bloomberg Economics article did not guide us through all of these topics, but we still recommend you invest in some of the others.
Poland tops the list as one of the top ten countries in the world for real estate investment, based on its ranking. Overall, Poland has the highest growth rate of all leading countries in Europe and the second highest in Asia. Poland has grown three times faster than the EU average and is the only country within the European Union to record this growth in every year since accession.
For example, if house prices rise faster than rents, it would increase the size and risk of a bubble. Polish real estate is heading for a similar bubble, as other developing countries have crashed in recent years and prices have risen sharply. The average price of houses on the secondary market has reached an all-time high of around $1.5 million, depending on the city, and more than a dozen major Polish cities have seen prices rise by more than 50% in recent years.