It's time to travel to Poland not for strawberries, but for relaxation. In order for your visit to this country to be comfortable, we have decided to analyze the two largest cities and real estate prices on the local market. Get acquainted with the statistics and choose a suitable option for yourself and your family.
How much is the antique life in Wroclaw?
The third most populous and by no means the least beautiful city in Poland is located on the Oder River. It is known for its Gothic churches and monumental paintings. Wroclaw is the capital of Silesia and the administrative center of the Lower Silesian Voivodeship. For its abundance of historical landmarks and ancient architecture, it was named the European Capital of Culture back in 2016, and it still maintains its position.
Let's start traditionally with rentals and with the most affordable segment of real estate - one-bedroom apartment
- In the center, you can rent such modest accommodation for 760 € per month.
- In the other districts, the prices are more moderate - only 600 € per month.
As for three-room apartments, then the price difference is approximately the same:
- In the center of a three-room apartment, the cost is 1,200 € per month.
- In other areas, you can find lower prices - 980 €/month.
Not many people would refuse to have their own apartment, no matter where it is. We are no exception. If you are considering buying a one-bedroom apartment, be prepared to pay at least €2,600 per square meter or up to €3,900 per square meter for properties in the city center. With an average salary of €1,390, it will not be the most pleasant price, so many are hopeful thinking about a mortgage. At the age of 20. People may think about it, but not many decide to formalize it because 6.8% will deter anyone. It will take about 25 years to return the invested capital, as the average rental yield is 4.09%.
Who can afford the metropolitan chic of Warsaw
Since 1596, Warsaw has been considered the cultural, business, political, and other capital of Poland. This is where the journey of every tourist begins and where the lives of 1.8 million Poles unfold. Further elaboration is unnecessary, so let's get straight to the point.
Renting a one-bedroom apartment is significantly higher compared to Wroclaw:
- You can't find a cheaper offer for less than 1,035 € per month.
- If you are willing to reconcile with some distance from the city center, you can find options for 780 € per month.
A three-room apartment is not affordable for many locals, so this option is often chosen by wealthy businessmen or wealthy tourists.
- In the center, you will have to pay a whole fortune for 30 days of carefree living - €1,835 per month.
- In the other districts, the prices are lower, but it's still hard to call them affordable - 1,335 €/month.
With an average salary after tax of €1,667, not every Polish family will decide to rent such housing, let alone buy it. The maximum that an average city dweller can afford is a one-bedroom apartment in a not very prestigious area with prices around €3,400/m². Dreaming about an apartment in the city center for €5,300/m² is the only option. Or agreeing to an inhumane 7.75% mortgage rate for 20 years. Rental income in the capital, the yield is slightly higher than in Wroclaw, at 4.82%, but it will still take almost 21 years to fully recoup the investment.