Apartment prices in Poland are rising rapidly, but buying a property is just a part of the costs that a future owner will have to bear. Let's consider how much it takes to finish a three-room apartment from scratch.

Calculation example:

Apartment area: 60 m² Condition: Developer standard Renovation: Does not include electrical and plumbing alterations Cost:

• Bathroom: 8,000 zł (only equipment, i.e. bathtub, tiles, washing machine, etc. Labor costs were not included)

• Kitchen: 15,000 zł (only equipment)

• Bedroom and living room (depending on needs):

  • Table, chairs, TV: 5,000 zł

  • Wardrobe: 15,000 zł

  • Bed with mattress: 3,000 zł

• Building materials for renovation: 10,000 zł

• Workers: 30,000 zł

Total: 105,000 zł

Thus, the renovation and equipment of a 60 m² apartment will cost the owner about 105,000 zł.

Additional information:

• Prices: Are approximate and may vary depending on the region, materials, quality of work, etc.

• Renovation: Does not include finishing the balcony, storage room, and other premises.

• Options: You can save money by using cheaper materials, doing some of the work yourself, or hiring a team directly.

Conclusions:

• Apartment renovation is a significant expense that should be considered when buying a property.

Additional information:

• Apartment prices in Poland are rising. In 2023, they increased by:

  • Warsaw: +25% over the year (+3,200 zł/m²)

  • Tri-City: +2,000 zł/m²

  • Wrocław: +900 zł/m²

  • Krakow: +1,800 zł/m²

• Forecast for 2024:

  • Real estate prices will increase by an average of 11%.

• Reason:

  • In 2023, fewer apartments were put into use in Poland in all forms of construction than a year earlier (by 7.6%).

  • The number of apartments for which permits were issued or a building project was submitted also decreased (by 19.1%), as well as the number of apartments for which construction began (by 5.6%).

Note:

• The above information is for informational purposes only and may change.

• It is recommended to carefully research the prices of materials and renovation services before starting work.

• It is also worth considering using the services of an experienced interior designer who will help create a functional and aesthetic interior.