The FINANCIAL -- April 2011 saw a real-term drop of 6.5% in transaction prices on housing
markets in major cities across Poland, which was accompanied by a large
number of transactions (over 3,300).
The increase in transactions was 8.4% relative to March 2011 and 27.9% on a year-on-year basis, according to data compiled by Open Finance (OF).
Based on OF data, in April 2011 the largest month-on-month rises in the average transaction prices were registered in Gdynia (5.8%), Lublin (4%) and Gdansk (3%). The most substantial declines were in Katowice (-3.6%), Lodz (-2.9%) and Szczecin (-2.8%).
Over the past 12 months the average transaction prices seen on the housing market rose in several cities, including Bialystok (2.5%), Gdansk (1.5%) and Lodz (0.5%). However, in most cases transactions prices were reported to have fallen, with Bydgoszcz (-7.5%), Szczecin (-6%) and Wroclaw (-4%) being the biggest losers.