New housing completions in Poland decline by 9% in March

The number of completed dwellings in Poland fell by 9% year-on-year in March 2025, totaling 15,722 units, according to preliminary data from the Central Statistical Office (GUS). Compared to February, the figure marks a monthly increase of 5.8%.

The number of apartments delivered for sale or rent reached 9,439 in March, down 13.2% from a year earlier, but up 5.9% from the previous month.

During the first quarter of 2025, a total of 46,100 dwellings were completed, representing a 4.6% year-on-year decline. Developers accounted for 27,700 units, 4.7% less than in the same period of 2024. Individual investors completed 17,100 homes, reflecting a 5.7% decrease. Together, these two groups were responsible for 97.2% of the new housing stock.

Other forms of construction accounted for 1,300 dwellings during the quarter.

The total usable floor area of newly completed homes reached 4.2 million square meters, down 4.1% year-on-year. The average size of a completed unit was 91.4 square meters.

The data suggest continued moderation in residential construction activity, reflecting the effects of high inflation, elevated building costs, and cautious investor sentiment. Analysts note that despite rising housing demand, construction activity remains constrained by material costs, labor shortages, and tighter credit conditions.