Sales up, supply down

In the first quarter of 2026, the Polish housing market recorded a significant increase in sales. A total of 12,900 apartments were sold across the country's seven largest cities (an increase of 11.1 pct quarter-on-quarter and 35.2 pct year-on-year). It is worth noting that this increase occurred despite the long holiday break in January and February, and additionally, buyer sentiment in the last weeks of March was impacted by the Iran War. The largest quarter-on-quarter sales increase was seen in Katowice (+51 pct), which, however, translated into only around 170 more transactions. In Warsaw and Łódź, sales increased by 16.7 pct and 17.5 pct quarter-on-quarter, respectively, while a further increase in demand was also seen in Kraków and Poznań. Sales outpaced new supply in six of the seven metropolitan areas – Kraków was the exception, where 13 pct more apartments were launched than in the previous quarter. A total of 10,300 apartments were put on sale. New apartments sol