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Home » Invest » Rynek mieszkaniowy » Housing market

Housing market

Rodzina

There has been recent intensive development of the Szczecin housing market, including increased interest from local, domestic and foreign investors.

282 building permits for the construction of houses and apartment buildings were issued in 2006, whereas 171 were issued during the first half of 2007.

 

Number of building permits issued in 2005, 2006 and the 1st half 2007 

Details 2005 2006 1st half 2007
Houses
Number of building permits  248  236  147
Aggregate usable surface area (m2)  42 316  56 823  41 908
Apartment buildings
Number of building permits  42  46  24
Aggregate usable surface area (m2)  103 684  147 421  89 998
Number of flats  1 820  2 108  1 345

Source: Building Administration and Urban Development Department of Szczecin City Council

 

The number of occupancy permits issued for apartments increased significantly in 2006. Szczecin residents are interested in purchasing apartments with increasingly larger surface areas. Occupancy permits for 923 apartments, with a total a usable surface area of 88 012 sq. m., were issued in 2006, whereas 1,842 occupancy permits for apartments with a total usable surface area of 147,411 sq. m., were issued by November 2007.
 


Number of occupancy permits for apartments issued in 2005, 2006 and up to November 2007 

Szczecin 2005 2006 November 2007
Total number of occupancy permits for apartments issued 1 571 923 1 842
Aggregate usable surface area of apartments for which occupancy permits were issued 129 176 88 012 147 441

Source: District Building Supervision Inspectorate in Szczecin

 

 

In 2006, 40.9% of apartments were designated for resale or rent. Housing cooperative apartments amounted to 30.9%, with 28.2% for individual investors.

 

Due to the limited resources of land available for housing in the centre of Szczecin, investors are becoming interested in locations beyond the city centre, i.e., the northern districts, and the western areas of Bezrzecze, Osowo.

The northern part of Szczecin is becoming an attractive district. Prices in this part of town are approximately PLN 330 (excl. VAT) per sq. m. for land designated for multi-family housing and PLN 160 (excl. VAT) for land for single family housing.

The prices of apartments on the primary market are approximately PLN 4,500 to PLN 6,000 per sq. m., depending on the location and the finish. Compared to the beginning of 2006, housing prices on the primary market have increased by approximately 70%.

Newly-built housing developments include MODEHPOLMO, Tomaszewicz Development and SGI KOMFORT-Park Pogodno.

Developers active on the Szczecin market include MODEHPOLMO, TOMASZEWICZ DEVELOPMENT, SKARBIEC NIERUCHOMOŚCI 6, SGI Komfort, MAK DOM, Coliseum, STATUS DOM, VASTBOUW, GENFER HOMES, FORAS INVEST, GRYF Developer, ORCO PROPERTY GROUP.