July 2025 brings breakthrough changes. After years of crazy growth, the market enters a stabilization phase. Prices in Kraków reached PLN 20,139/m² – 25% year-on-year growth, but new apartment sales dropped 27.78% in Q1 2025. This isn’t a crisis, it’s normalization!
NBP cut rates to 5.00% (from 5.25% in May), and analysts predict another 150 basis points cut by year-end. Great news for borrowers – average mortgage rates currently at 7.57%, but expected to fall below 6% by December.
“Key to the Apartment” program launches in H2 2025 with PLN 500 million budget for 50,000 people. Interest subsidies from 1.5% for singles to 0% for families of 5+. An opportunity for those waiting for better conditions.
Inflation dropped to 4.1% in June (from 4.7% in December 2024). GDP to grow 3.3% in 2025 and 3.0% in 2026. Unemployment at 2.8% – lowest in Europe! Wages growing 6.2% annually. Economic fundamentals are strong.
Foreign investors are back! Q1 2025 global transactions reached $185 billion (+34% YoY). Poland attracts 52% of CEE region investments. In 2024, foreigners bought over 14,300 apartments – Ukrainians lead with 380,000 m².
PropTech revolutionizes the market – $615 million invested in Q1 2025. AI in property management is now standard. 82% of tenants demand smart technology. Agencies without digital transformation will be left behind.
Forecast? Price growth will slow to 3-5% annually after 2025. That’s a healthy level. Rentals will maintain 6%+ profitability. Kraków will remain a leader thanks to tourism (9+ million visitors) and students (150,000+). Time to act strategically, not emotionally!
📍 Eternel – Real Estate Agency
al. Jana Pawła II 58, unit 2.1, Kraków
📞 +48 577 707 032 (WhatsApp, Telegram)
📲 Telegram: @Eterneladmin