Warsaw residential real estate market report for October 2026. Nationally, house prices in Poland were climbing, up 6.3% from a year earlier in Q2 2026 (+1.5% quarter on quarter). The pace of annual growth is steady. The National Bank of Poland’s policy rate stood at 3.75% in September 2026, down from 4.75% a year earlier.
October 2026 at a Glance
House Prices and Trends
No free, official monthly price series is published for Warsaw specifically, so this section uses the national index for Poland as the reference; local asking-price movements typically follow the national direction with a lag of one to two quarters.
The national house price index for Poland rose 6.3% year on year in Q2 2026 and was +1.5% against the previous quarter, according to Eurostat, House price index (prc_hpi_q). A year earlier the annual rate was +4.7%, so growth has picked up over twelve months.
| Quarter | Prices YoY | Prices QoQ |
|---|---|---|
| Q1 2025 | +6.6% | +0.7% |
| Q2 2025 | +4.7% | +1.1% |
| Q3 2025 | +4.0% | +0.9% |
| Q4 2025 | +4.3% | +1.5% |
| Q1 2026 | +5.9% | +2.3% |
| Q2 2026 | +6.3% | +1.5% |
House price index, % change year on yearQ3 2024+14.4%Q4 2024+10.4%Q1 2025+6.6%Q2 2025+4.7%Q3 2025+4.0%Q4 2025+4.3%Q1 2026+5.9%Q2 2026+6.3%
Financing and Interest Rates
The National Bank of Poland’s policy rate was 3.75% in September 2026 (BIS, Central bank policy rates). Rates have come down 1.00 points over the past year, easing mortgage costs and widening the pool of buyers who qualify for financing.
Warsaw in the News
- Appeninn Eyes A Warsaw Listing After A €100 Million Poland Deal – Finimize (Finimize, 6 Aug 2026)
- Addleshaw Goddard (AG) advises AKIPIA on its investment in Roma Tower in Warsaw – Addleshaw Goddard LLP (Addleshaw Goddard LLP, 5 Oct 2026)
- Real estate investment company Appeninn weighs Warsaw stock exchange listing after Poland expansion – Prop News Time (Prop News Time, 10 Aug 2026)
- Poland says it thwarted a Russian plot to kill an American citizen in Warsaw – The Boston Globe (The Boston Globe, 13 Aug 2026)
- Warsaw now a landlord’s market – EurobuildCEE (EurobuildCEE, 13 Aug 2026)
- Ghelamco Poland will sell Chopin Tower project in Warsaw for €54.4 mln net – Warsaw Business Journal (Warsaw Business Journal, 30 Sep 2026)
Reading the Trend
Steady, mid-single-digit price growth points to a healthy but not overheated market in Warsaw. Well-priced property is moving; overpriced stock is not.
What to watch next month
- The next quarterly release of the house price index for Poland (Q2 2026 is the latest) — whether annual growth holds near +6.3%.
- Upcoming decisions by the National Bank of Poland — any move from 3.75% feeds through to mortgage pricing within weeks.
What This Means for Buyers, Sellers and Investors
The market is moving but not running away; there is time for due diligence, and properties that have sat unsold for months are where discounts appear.
Well-presented property at a realistic price attracts multiple viewings; unrealistic asking prices are being ignored.
Falling financing costs improve leveraged returns and widen the gap between yield and mortgage rate.
Sources
- Eurostat, House price index (prc_hpi_q)
- BIS, Central bank policy rates
- Headlines via Google News RSS; content belongs to the linked publishers.
Previous edition: Warsaw Real Estate Market Report — September 2026
Cover photo: Aleja Niepdleglosci Warsaw 2022 aerial (cropped) by Emptywords via Wikimedia Commons, CC BY-SA 4.0.
Methodology: all figures are taken directly from the free public statistical sources linked above, for the periods stated; official statistics are published with a lag, so the latest available release is used. Commentary is generated from those figures by rule and reviewed before publication. Nothing here is financial advice.
Povezani članci
UK Housing Tax Reform: Abolishing Stamp Duty and Council Tax
Oxford academic John Muellbauer calls for sweeping UK property tax reform, proposing the abolition…
Pročitajte višeSpain’s Residential Property Market Faces Price Moderation
Spain’s housing sector enters a recalibration phase as third-quarter data points to slowing price…
Pročitajte višeAustralia Healthcare Real Estate Investment Trends
Strategic capital shifts are reshaping Australia's healthcare real estate sector as demographic pressures and…
Pročitajte višePoland’s Rural Property and Agricultural Land Market
Examining Poland's rural property sector against a backdrop of fluctuating agricultural commodity prices and…
Pročitajte više