2026 Poland Real Estate Market Outlook_ENG

2026 Real Estate Market Outlook P|oland

Intelligent Investment

06 Living

InstitutionalPRS stockis growing Growthalsoin the private dormitory sector

Figure 06: Supply of new units in PRS buildings

The institutional residential rental market in Poland is at the stage of dynamic expansion of availablsetock. In the past 5 years, nearly 24,700 residential units have beenadded tothis sector, i.e. 87% of the total supply currently availableon the marke.t In 2025 alone, 5,821 units were introduced to the market, which was a record result, although the previous year's result was only improved by about 100 residential units. In 2026, anothe6r,200 units are expected to be completed, many of which are at an advanced stage of construction. At the end of December 2025, the number of operating units underinstitutional lease in the largest cities in Poland exceeded a total of 28,500 units in 153 projects. PRS facilities enjoy high and stable demand from tenants, which is reflected in low vacancy rates (3.5% for the entire market). After the first occupation of the building, the occupancy rate in an average project reaches 98%.

Reduced demand for apartments for sale (compared to the period of theGovernment2%Safe Mortgage programmeor previous low interest rates) results in a reduction in the number of new apartmenptsut up for rentby private individuals. On the other handit, increases the number of households that use the rental market and cannot afford to buy an apartment. This means a favourable environment for the further development of the institutional rental sector. The development of the market also results in the diversification of the offer. C-oliving schemes are appearing on the market, but also investments combining various residential functions, such as lon-g term rental and private dormitory, or lo-ntgerm and short-term rentals. Parallel to the development of the PRS market, the offer addressed primarily to students, i.e. thPeBSA sector, is also growing. In 2025, a record number of more than 3,800 beds in 12 private student dormitories was launched, three times higher than in the previous year, and thisnumberis likely to be repeated this year.

7 000

6 000

5 000

4 000

3 000 Number of units

2 000

1 000

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2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026f

Source: CBRE Research,February2026

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