In 2024, foreigners purchased a record number of real estate properties in Poland—17,330 apartments and commercial units totaling over 1 million square meters. This marks a significant increase compared to the previous year, when the number of such transactions exceeded 14,000. Ukrainians were the most active among foreign buyers, according to Business Insider Polska, citing Rzeczpospolita.
Foreigners are primarily interested in apartments in major Polish cities such as Warsaw (3,535 transactions), Kraków (1,523), and Wrocław (1,491). According to Poland’s Ministry of Interior and Administration, most real estate was purchased in the Mazowieckie (508,000 m²), Lower Silesian (216,000 m²), and Lesser Poland (123,000 m²) voivodeships.
In addition to Ukrainians, other top investors on the Polish real estate market include citizens of Belarus, Russia, India, the United Kingdom, and Vietnam. The average size of purchased property is 58 square meters.
According to Patryk Pięta, a senior agent at Hamilton May, foreigners most often buy new developments for investment purposes, seeking profit on a growing market. He also noted that many buyers are considering long-term residence in Poland.
Most of these transactions are conducted without mortgage financing—paid in cash. Moreover, some investors find property prices in Warsaw attractive, especially compared to pre-war Kyiv.
“Many Ukrainians who came to Poland after the start of the full-scale war belong to the middle class and have sufficient financial resources to invest,” the expert added.
Overall, foreign buyers accounted for about 6% of Poland’s residential real estate market in 2023.
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