PRS sector becomes a natural choice for investors.
The Build-to-Rent (BTR) in Poland has experienced remarkable growth in recent years, reflecting a dynamic shift in the country’s housing landscape. Traditionally, Poland has had a strong culture of home ownership. However, changing demographics, economic trends, a growing population of young professionals, and an influx of 1.2 million Ukrainian refugees have contributed to the increasing importance and expansion of the rental market. This resulted in over 16,000 BTR apartments being available for rent from institutional investors by the end of 2023, with nearly 32% being completed in the calendar year. It’s important to note however that BTR amenities constituted just 1.4% of the overall rental housing inventory in major Polish cities, while the privately owned rental housing stock is estimated at over 1.2 million units. The dynamic real estate market and prevailing socio-economic conditions are presenting new opportunities for further expansion of the living sector in Poland.
The latest edition of the report on the BTR market in Poland prepared by Knight Frank and Dentons analyses the macroeconomic situation, the real estate market, and the legal and tax environment. In addition, it sets out the results of a survey conducted among investors and developers active in the BTR sector and banks financing these investments. As a whole, it paints a clear picture and reveals the potential of this market in Poland – a market whose attractiveness will only continue to grow.
of surveyed investors considers residential and commercial zoning for future BTR projects.
75%
100%
of surveyed respondents plans to acquire new BTR projects in 2024.
1,6%
Vacancy rate in stabilized projects that have been operating for more than 12 months.
1,4%
BTR amenities constituted just 1.4% of the overall rental housing inventory in major Polish cities.
40%
In 2023, the BTR stock increased by 40%.
5,100
new BTR apartments were delivered to the market in 2023.
BUILD-TO-RENT IN POLAND
BTR SECTOR - BUSINESS ENVIRONMENT & RATIONALE FOR FURTHER DEVELOPMENT
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RESIDENTIAL VS COMMERCIAL ZONING
INVESTMENT IN THE LIVING SECTOR
THE BAROMETER OF SENTIMENT
BTR FROM INVESTORS’ PERSPECTIVE
ZONING CONSIDERATIONS
TAX ASPECTS OF PURCHASING RESIDENTIAL REAL ESTATE IN POLAND
RESIDENTIAL RENTAL AGREEMENTS
TRANSACTIONS ON THE BTR MARKET
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Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 25,000 people operating from 600 offices across 60 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants.
Dentons is the world's largest law firm, connecting top-tier talent to the world's challenges and opportunities with 20,000 professionals including 12,000 lawyers, in more than 200 locations, in more than 80 countries. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and award-winning client service challenge the status quo to advance client interests.
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