Yesterday we showed two identical apartments in the same tenement on Dietla street. Identical size, same layout, same condition. The difference? One on second floor for 650 thousand, another on fourth for 750 thousand. That 100 thousand is the price of Wawel view.
The client stood long by the window, looking at the castle in setting sun. “It’s beautiful, but is it worth 100 thousand?” he asked. We hear this question regularly. And the answer isn’t simple.
From purely financial perspective, view is luxury. For that 100 thousand you could renovate entire apartment, buy parking space or… have 100 thousand in pocket. But market shows apartments with views sell faster and won’t get cheaper.
We checked our data from last 5 years. Apartments with “wow view” (Wawel, Vistula, city panorama) gain value on average 2-3% yearly more than those without view. After 10 years this difference might pay off.
But there’s something else. Client who bought apartment with view of Planty two years ago told us recently: “Every morning when I drink coffee looking at greenery, I know it was worth it. You can’t price this”.
On other hand, young couple chose apartment without view but 15m² larger for same price. “I prefer extra room for child than view” – husband argued. And they were right too.
Our advice? If you plan to live long, view might be worth extra payment. Daily communion with beauty has its value. If it’s investment for 3-5 years, better bet on size and location.
And yesterday’s client? Chose the view. “All my life I dreamed of apartment with Wawel view. Now or never”. Sometimes dreams are more important than calculations.
Eternel – Agencja Nieruchomości
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