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Dynamic development of Łódź housing market

Over the last few years the residential demand in Łódź has significantly increased. The number of real estate sold in 2018 was twice as high as in 2015. So far, despite that in terms of the population Łódź is one of the leading Polish cities, in terms of trading in real estate it has been lagging behind.

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The number of real estate sold in 2018 was twice as high as in 2015

The development of the housing market in Łódź has occurred along the development of other real estate sectors. This notably concerns the development of office spaces influenced by numerous initiatives led by the local authorities such as revitalisation programs, infrastructure development, and promotion of the city (also in the international arena). Logistics and warehouse sectors have also developed. This is the reason why the housing market in Łódź has recorded it dynamic growth. Apart from buyers looking for an apartment for themselves, the market has gained interest from customers buying apartments in order to rent them later. In 2018 alone, 4.6 thousand apartments have appeared on the market for sale – it’s 2.5 times more than 3 years earlier.

In the opinion of REAS, JLL Residential Advisory – expert on the real estate market, there are more apartments in Łódź thanks to the flexibility of developers and their quick reaction to the growing demand.

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