# Polish Real Estate Market Shows Signs of Price Stabilization Transaction price growth slows as buyers gain leverage in major Polish cities. - **Source:** [Bankier.pl](https://www.bankier.pl) - **Published:** 2026-11-11 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/8b747cc8-6c71-474e-a61e-3fd253dc884e ## Market Growth Deceleration The third quarter of 2026 marked a shift in the Polish secondary real estate market. Transaction price growth has noticeably slowed compared to previous periods. This cooling trend stems from sellers adjusting their initial asking prices, which were previously overestimated, leading to a more balanced environment for potential property buyers. ## Regional Price Variations Average transaction prices for secondary market homes varied significantly across major cities. Łódź recorded the lowest average at 7,342 PLN per square meter, while Warsaw remained the most expensive at 16,823 PLN. Notably, Łódź saw price declines both quarterly and annually, contrasting with the continued upward trend observed in the capital city. ## Warsaw's Unique Market Dynamics Warsaw defied the national stabilization trend with a 6.3 percent quarterly price increase. This rise is attributed to a shift in transaction structures, specifically a 33 percent annual increase in sales of luxury units exceeding 20,000 PLN per square meter and a 20 percent decrease in available lower-cost housing options. ## Impact of Small Apartments Nearly one-third of all apartments sold in Warsaw during the third quarter were smaller than 35 square meters. These compact units command higher prices per square meter, significantly influencing the city's average transaction cost. This structural change explains why Warsaw's market metrics differ so sharply from other major Polish urban centers. ## Extended Sales Cycles Buyer urgency has diminished as the market offers approximately 20,000 ready-to-move-in developer units. In Warsaw, the average time required to find a buyer reached 129 days. This duration represents an increase of over three and a half weeks compared to the previous year, reflecting a cooling demand and more cautious buyer behavior. ## Negotiation Power Shifts Negotiation conditions remain challenging, particularly in Warsaw, where buyers achieved an average discount of only 1.2 percent. Conversely, other major cities saw improvements, with buyers successfully negotiating between 2 and 3 percent off asking prices. Wrocław, Kraków, and Gdańsk showed a notable 1 percentage point improvement in negotiation success compared to Q2. ## Seller Price Overestimation Sellers in Łódź increased their initial listing price gap to 5 percent, a 2.4 percentage point rise from the previous quarter. Similar trends were observed in Wrocław and Gdańsk, where the difference between initial and final prices fluctuated between 4 and 5 percent, indicating a persistent gap between seller expectations and reality. ## Future Market Outlook The current market environment suggests that while prices are stabilizing, sellers are still adjusting to a less aggressive demand landscape. Buyers now possess more leverage than they did in late 2025. Future trends will likely depend on whether sellers continue to lower their initial expectations to match the current buyer-friendly market reality. ## Sources covering this story - https://www.bankier.pl/wiadomosc/Ile-negocjowac-kupujac-mieszkanie-9226772.html?utm_source=RSS&utm_medium=RSS&utm_campaign=Wiadomosci — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._