Poland Promising Polish PRS
Residentialschedule 23 March 2023
About 40 pct of all existing PRS premises are located in Warsaw
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According to the latest Avison Young report, at the end of 2022, there were over 9.4 thousand units in the pool of apartments for institutional rent in Poland, and another 13 thousand flats were under construction. The prolonging conflict in Ukraine and the significantly reduced credit scores increase the demand for renting apartments and thus, affect the development of the PRS market in Poland.
The institutional rental sector will also grow due to the changing perception of homeownership by young people, who value mobility and do not necessarily need to own a home. Among the factors creating a good background for the development of the PRS, Avison Young also mentions the supply gap in Poland. About 35 pct people live in the overcrowded apartments, while in the EU this figure is estimated at 17 pct (Eurostat 2021). It is confirmed by investors' statements that PRS is to develop in Polan
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