Województwo mazowieckie residential real estate market report for September 2026. Nationally, house prices in Poland were moving higher, up 5.9% from a year earlier in Q1 2026 (+2.3% quarter on quarter). The pace of annual growth is accelerating. The National Bank of Poland’s policy rate stood at 3.75% in August 2026, down from 5.00% a year earlier.
September 2026 at a Glance
House Prices and Trends
City-level transaction prices for Województwo mazowieckie are not released as open data, so the national index for Poland serves as the benchmark here. Read local listings against that backdrop.
The national house price index for Poland rose 5.9% year on year in Q1 2026 and was +2.3% against the previous quarter, according to Eurostat, House price index (prc_hpi_q). A year earlier the annual rate was +6.6%, so growth has held broadly steady over twelve months. Recent quarters show the pace building rather than fading.
| Quarter | Prices YoY | Prices QoQ |
|---|---|---|
| Q4 2024 | +10.4% | +1.2% |
| 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% |
House price index, % change year on yearQ2 2024+17.7%Q3 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%
Financing and Interest Rates
The National Bank of Poland’s policy rate was 3.75% in August 2026 (BIS, Central bank policy rates). Rates have come down 1.25 points over the past year, easing mortgage costs and widening the pool of buyers who qualify for financing.
Reading the Trend
Steady, mid-single-digit price growth points to a healthy but not overheated market in Województwo mazowieckie. 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 (Q1 2026 is the latest) — whether annual growth keeps accelerating.
- 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
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.
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