The real-estate market in Małopolska

Transcription

The real-estate market in Małopolska
1
The real-estate market
in Małopolska
The Małopolska Regional Development Agency S.A., in cooperation with Knight
Frank sp. z o.o., has prepared the first comprehensive report on real estate
in Kraków and the surrounding region. The section concerning Kraków presents
the residential, office and commercial market, as well as the dynamically developing
warehouse space market. It was prepared by Knight Frank sp. z o.o. The second
section presents the topic of land real estate in Małopolska (outside Kraków) and
has been prepared by the Investment and Trade Support Department of the
Małopolska Regional Development Agency S.A.
An introduction to the Administrative Divisions of Poland
Since 1999 the administrative division of Poland has been based on three levels
of subdivision. The territory of Poland is divided into voivodeships (provinces) of which
Małopolska is one. These are further divided into poviats (counties or districts),
which in turn are divided into gminas (communes or municipalities). These terms are
commonly left in their Polish-equivalent form so as to avoid confusion (e.g. a poviat
should not be considered the equivalent of a county in the United Kingdom).
In this document, the terms Małopolska and Małopolska Voivodeship refer to the
same administrative entity. Neither should be confused with the historic region
of Małopolska.
Prepared by:
In the cooperation with:
3
Contents
Introduction .................................................................................................... 04 Residential market in Kraków ........................................................................... 06 Warehouse market in Kraków and in its surroundings ...................................... 08 Retail real-estate market in Kraków . ................................................................ 10 Office real-estate market in Kraków ................................................................. 12 Land real-estate in Małopolska – general information . .................................... 14 Construction land destined for residential purposes ........................................ 16 Construction land destined for investments ..................................................... 22 Agricultural land .............................................................................................. 27
Introduction
The Małopolska Regional Development Agency S.A.,
as a result, prices may differ greatly in major cities (i.e. more
in cooperation with Knight Frank sp. z o.o., has prepared the
or less prestigious districts). It was therefore difficult for
first comprehensive report on real estate in Kraków and the
us to formulate clear guidelines for those preparing the
surrounding region.
information. We relied mainly on their knowledge of the realestate market within their own places of residence. The
The report seeks to address the current lack of comprehensive
information provided was often based on sales conducted
information on real-estate prices within the voivodeship. While
by local authorities, even if the number of transactions was
reports on real-estate prices in Kraków and other major Polish
low (two or three) and resulted in the results being
cities are regularly prepared by real-estate agencies and
unrepresentative. This is especially true as those particular
consulting companies, it is difficult to find information on the
transactions were concluded in a specific way – through tender
prices of plots of land in small towns – a situation that requires
– and not as a negotiation between individuals.
new research to be carried out each time such information
is sought. We are confident that our decision to publish
Information concerning Tarnów and Nowy Sącz was obtained
a compilation that contains information relating to not only
from real-estate agencies and from the Internet.
the region’s capital, but also the real-estate market in other
Małopolska zones and administrative districts will prove useful
for those planning to invest in the area.
The results for the report were collected from 71 out of the
182 gminas comprising Małopolska. We would like to thank
everyone who worked on this information and who returned
When preparing the report on land in Małopolska, we asked
the completed questionnaires to us.
the voivodeship’s gmina (the principal unit of territorial division
in Poland) offices to send us approximate data concerning the
prices of construction plots, plots destined for investments
and agricultural land for locations in the centre of the town,
gmina, suburbs, outside the centre, and beyond the borders
of towns and villages. We requested that information on the
prices of real estate be of the type that would ordinarily
be available to the average person – not only to a person active
in the real-estate trade. We are aware that, whilst gminas
do not record the sale prices of real estate, people living
in a given area usually know the average prices of local plots.
The prices published in this report are only indicative and
should not be treated as a basis for land valuation as this would
require more detailed research based on the valuation
of specific, comparable real estate. Land located in such a large
and diverse area is difficult to compare and present, not least
because cities, towns and villages differ significantly in size,
population, character (rural/urban), the intensity of land
The prices published in this report are in Polish currency - zloty
development, etc. In some small gminas it is impossible
(PLN). The exchange rates: 1 EUR = 4,1734 PLN (November
to clearly distinguish between a centre and a suburb, and,
2009, monthly average).
5
Residential market
in Kraków
Within the last three years, Kraków, the second-largest
number of apartments at the construction stage were also
residential market in Poland (behind Warszawa, or Warsaw
observed in the Łobzów district and Łagiewniki area
as it is commonly referred to in English) has been developing
(neighbouring the Dębniki district). The districts with the
at a fast pace. According to Knight Frank market research,
lowest levels of investor activity (projects currently under
approximately 5,000 residential units were delivered during
construction), such as Nowa Huta and Grębałów are located
the first three quarters of 2009. According to developers’
on the eastern part of Kraków. plans, a total of around 7,500 units will have been built
in 2009. The Podgórze district will have seen the most
2) Number of units under construction in selected districts in Kraków observed in Q3 2009
developer activity in 2009, with particular focus on the former
industrial area of Zabłocie. Other areas with high numbers
1,200
of completed developments in 2009 include the Dębniki,
1,000
Prądnik Biały and Prądnik Czerwony districts. These boroughs
800
cover the southern (Dębniki) and northern part (Prądnik Biały
600
and Prądnik Czerwony) of the city and, in terms of developer
400
activity and projects completed, are the main residential areas
of Kraków.
200
Dębniki
Prądnik Czerwony
Prądnik Biały
Łobzów
Łagiewniki
Source: Knight Frank
A significant proportion of new developments completed
in 2009 was located in the Bronowice district, where a number
At the end of third quarter of 2009, analysis of Kraków
of multi-stage projects are being completed. The Swoszowice
residential market conducted by Knight Frank identified 7,700
and Nowa Huta districts were subject to the least developer
residential projects at the planning stage, construction
activity.
of which is expected to commence no later than 2010. Due
1) Number of units which completion is due on 2009
uncertainty, the construction of many of these projects could
to the instability on the financial markets and economic
be postponed. In addition, difficulties encountered in securing
1,200
financing for projects may force some developers to put plots
1,000
of land with ready projects up for sale.
800
600
400
The survey of Kraków primary residential market conducted
200
by Knight Frank indicates that during the first three quarters
Dębniki
Prądnik Biały
Prądnik Czerwony
Swoszowice
Bronowice
Source: Knight Frank
of 2009 developers sold approximately 3,000 residential units,
which is 9% higher than in the corresponding period
During the last three years, Ruczaj, located in the south-eastern
of 2008.
part of the Dębniki district, has been the main area of developer
activity in Kraków. The volume of supply currently under
As a result of the growth in the selling rate of apartments, the
construction indicates that in 2010, the Dębniki district should
Kraków primary market witnessed a decrease in the number
remain a leader in terms of new annual supply. According
of units completed and available for sale. The share accounted
to a Knight Frank survey conducted in Q3 2009, the Prądnik
for by completed apartments as a proportion of the total
Czerwony and Prądnik Biały districts should also feature high
number of units for sale fell by 10 basis points in comparison
on the list in terms of new apartments constructed. A large
with the end of 2008 to 24%. 7
In line with the majority of residential markets in Poland, a fall
in prices on Kraków’s primary market has been observed
in 2009. Price adjustments mainly applied to projects in which
unit prices had not been reduced in 2008. Declines
in apartment prices were particularly apparent in the high- and
upper-standard segment.
Net prices in Kraków by standard of projects (Q3 2009)
Segment
Net unit
price
(PLN/ m2)
Price
change
since
Q1 2009
Minimal and
maximal
price net
(PLN/ m2)
Segment
share
in market
offer
Popular standard
6100
0%
4,100-7,800
61%
Upper standard
8800
-3%
6,700-13,100
26%
High standard
13400
-8%
9,250-20,000
12%
Source: Knight Frank
The decrease in average asking prices varied in particular
projects from 100 to 1,000 PLN/m2 and, for one top-end
project, reached 3,000 PLN/m2.
Due to declining prices, 2009 was the year of the buyer
on Kraków residential market, nevertheless price increases can
be expected in 2010 as a result of a significant decrease
in supply.
The highest apartment prices were found to be in the central
part of Kraków and include the following districts: Stare Miasto
(The Old Town), Łobzów, Grzegórzki, Zwierzyniec and the
northern part of the Dębniki district. The least expensive
apartments can be found in districts situated in the southern
suburbs of Kraków, such as Prokocim-Bieżanów, Wola
Duchacka and Swoszowice.
Warehouse market in Kraków
and in its surroundings
Kraków and its surroundings is another modern concentration
lease transactions – accounting for 12,700 m2 – were registered,
area which has been systematically developing in Poland.
the majority of which were concluded in the first three months
Kraków’s favourable location, its connection to the
of the year.
A4 motorway, its proximity to the Śląsk agglomeration and
Poland’s southern border, as well as the large consumer market
According to information accurate at the end of Q3 2009,
of Małopolska, make Kraków a location of increasing potential
monthly asking rates for available space in the areas with the
and should ensure that the city becomes a considerable area
highest concentration of warehouse space in Poland (Central
of logistic-park concentration in the future.
Poland, Upper Silesia, Lower Silesia* and Wielkopolska) did not
typically exceed EUR 4 per square metre. In Kraków the only
At the end of Q3 2009 only approximately 40,000 m2 of modern
available warehouse space that could be found was located
warehouse space existed in Kraków and the surrounding area.
in a development that was still under construction and the
Included in this was the only warehouse project completed
asking rents quoted were PLN 20-21 per square metre per
in 2008 – the Panattoni Park Kraków. The project, which
month.
is located in Skawina and in the vicinity of a conjunction of the
A4 motorway and route no. 44, features approximately
It is expected however, that as new warehouse projects are
17,000 m2 of rentable warehouse space. It was the first project
completed, rental rates should approach the levels found
of its kind completed in the area since 2006. Completion
in areas of Poland with higher concentrations of warehouse
of another warehouse project is planned for the beginning
space.
of 2010. The project, being developed by MK Logistic and
currently under construction, should increase the warehouse
stock in Kraków by approximately 26,000 m2. An analysis
of developers’ investment plans may, however, indicate further
development in this field as, at the end of Q3 2009, the pipeline
for warehouse space in Kraków and the surrounding area was
estimated at approximately 230,000 m2. Of this, some
170,000 m2 is to be provided by two developments – Cracow
Airport Logistics Centre (Goodman) and Diamond Business
Park (AIG Lincoln).
The remaining space was estimated based on the information
relating to sites purchased. Given the instability and economic
turmoil recently experienced, it is thought that any new
developments commenced in the warehouse sector in the near
future will predominately be made-to-suit projects (i.e. built
with a specific tenant in mind).
Due to its relatively low level of warehouse stock, Kraków and
its surroundings account for just a fraction of total warehouse
space take up in Poland – 2.2% (of total take-up for the period
Q1-Q3 2009). Between January and September 2009, only six
* Upper and Lower Silesia – the historical and geographical names, here not referring to the administrative division of Poland
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Retail real-estate market
in Kraków
At the end of Q3 2009, there was a total gross leasable area
5) Retail market in Kraków by scheme type (end of Q3 2009)
of 427,500 m in Kraków – a figure that equates to almost
2
9% of the total leasable area in Warszawa and the seven major
retail warehouse (4%)
regional cities (Trójmiasto, Poznań, Wrocław, Szczecin, Katowice,
other (5%)
1st generation
shopping
centres (11%)
Łódź, Kraków).
cash and carry (5%)
For the whole of 2008 and the nine months of 2009, the Kraków
DIY (11%)
2nd generation
shopping
centres (21%)
4th generation
shopping
centres (15%)
3rd generation
shopping
centres (28%)
retail market was characterised by low levels of new supply. Only
5,000 m2 of modern retail area was completed in the city during
this period and all of this was delivered as part of one project
– Decathlon Kraków Plaza. Such low levels of retail development
activity have not been seen since 2003. The most recent addition to Kraków’s retail scene is the
Bonarka City Center, which was opened to the public
At present, the saturation level of modern retail space for lease
on 21 November 2009. The Hungarian developer TriGranit was
in Kraków is 559 square metres per 1,000 inhabitants, making
responsible for the project, which consists of three phases:
it one of the lowest among Warszawa and Poland’s seven major
a shopping centre, office buildings and apartments. The
regional cities.
shopping area of the complex houses some 250 units and
companies such as Empik, Royal Collection, Esprit, Mexx,
Reserved and Auchan are all represented. The project also
4) Annual and cumulative modern retail supply in Kraków (1997–Q3 2009)
features a Cinema City multi-screen cinema complex.
Annual supply (m )
Cumulative supply (m )
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
2
1999
1998
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
to 1997
2
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
There is approximately 85,500 m2 of leasable retail space
currently at the planning stage. This is accounted for by three
investments, all of which are due to be completed in 2012.
Przedsiębiorstwo Budownictwa Budowlanego Krakbud sp. z o.o.
plans to develop a project called Pasternik (11,000 m2 of modern
Second-generation shopping centres (hypermarkets with
retail area), which will house some 40 units.
adjacent small shopping centres) and third-generation shopping
centres (complexes featuring supermarket/hypermarkets,
The Spanish developer Neinver plans to build a retail park
shopping centres and entertainment elements) constitute the
called the Futura Park, which will combine large-scale shops
largest proportion (21% and 28% respectively) of the total retail
with a factory-outlet complex featuring around 120 units.
stock in Kraków. Galeria Krakowska, which features some
On completion, the complex is expected to feature
64,300 m2 of leasable modern retail space is, thus far, the only
approximately 31,500 m2 of rentable retail space.
fourth-generation shopping centre in Kraków (same as third
generation but with additional cultural facilities, such as theatres,
galleries, etc. rather than cinemas or amusement arcades).
The Serenada shopping centre is a development planned
by the French developer Mayland. On completion, the project
is expected to house about 150 stores located
on 43,000 m2 of modern retail area. The main tenants will
include Real (a supermarket) and Multikino (a cinema).
11
Asking rental rates for prime units (100–150 m2) in the most
One of the main trends observed on the Kraków retail market
popular shopping centres in Kraków vary from EUR 60
is the multifunctional and complementary character of the
to EUR 70 per square metre per month.
newly developed and planned investments. The Bonarka City
High demand for retail space in Kraków, combined with the
buildings and residential units. The Pasternik shopping centre
low vacancy rate, may result in upward pressure on rental rates
will be developed in the vicinity of a housing estate and the
in those shopping centres most favourably located and with
Serenada shopping centre will supplement the current retail
the most optimal mix of brands. However, the negative impact
amenities (existing shopping centre, Krokus, OBI and the
of the economic downturn on retailers’ expansion plans may
Aquapark leisure complex) in the Olsza district.
Center features a shopping centre together with office
contribute to a reduction in demand for retail space.
Office real-estate market
in Kraków
centres (SSC) in the city. However, the global economic
Kraków is one of the most highly developed office markets
downturn has taken its toll and, during the period
in Poland with a total office stock of 305,000 m .
2
Q1- Q3 2009, take -up for of fice space amounted
Statistics relating to new supply confirm the high growth
to 15,300 m2 (approximately 53,000 m2 lower than in the
dynamics of office stock in Kraków. During the period Q1-Q3
record year of 2007). 2009 developers delivered over 61,000 m of modern office
2
space (20% of total existing office stock in Kraków).
In comparison with other cities in Poland, asking rents for
Furthermore, almost 58,000 m is believed to currently
office space in Kraków have remained relatively high and
be under construction, of which 36% should have been
stable. The monthly weighted average rent per square metre
completed in Q4 2009. Consequently, existing office stock
of available office space at the end of Q3 2009 was EUR 16 per
in Kraków should increase to 326,000 m2 by the end
month. At present, asking rental rates for available area
2
in selected office buildings vary from EUR 14 to EUR 17.5 per
of 2009.
square metre per month.
At present, Kraków’s office real-estate market has one of the
highest vacancy rates in Poland. New supply delivered to the
A relatively positive outlook for the Polish economy should
market has not been 100% pre-leased and at the end
serve to re-energise demand for office space in Kraków and
of Q3 2009 almost 30,000 m of office space remained
slight increases can be expected in 2010. Nevertheless, due
available, which equates to 10% of existing stock.
to the fact that the majority of office space scheduled for
2
completion in Q4 2009 and in 2010 had not – at the time
Favourable investment conditions, a highly qualified work
of publication – been 100% pre-leased, the vacancy rate
force and the dynamic development of Kraków’s office real-
is unlikely to decrease significantly in 2010.
estate market, have, in recent times, led to a growth
in interest, especially amongst international tenants planning
Furthermore, due to limited access to project financing, the
to open Business Process Outsourcing (BPO) or shared service
commencement of office-space developments currently
6) Annual office stock in Kraków (1998–2009)
60,000
350,000
300,000
250,000
40,000
200,000
150,000
20,000
100,000
Source: Knight Frank
City centre
Outside city centre
2009
I-III Q
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
0
1998
50,000
0
Supply cumulative
13
at the planning stage may be postponed, which could serve
to counterbalance the medium-term decline in demand
caused by the turbulence on the financial markets.
7) The vacancy rate in Kraków in comparison with the main regional cities (September 2009)
%
12
10
8
6
4
2
0
Warszawa
Source: Knight Frank
Wrocław
Poznań
Kraków
Vacancy rate at the end of Q3 2009
Trójmiasto
Katowice
Vacancy rate at the end of 2008
Land real-estate in Małopolska
– general information
The highest prices of real estate are to be found near Kraków,
contains the largest investment areas available in the
as well as in Tarnów and Nowy Sącz. Prior to the country’s
voivodeship. Besides, the aforementioned gminas located
administrative reform, the latter two cities were seats
alongside the future highway, the Słomniki and Radziemice
of voivodeship authorities and, to this day, continue to be local
Gminas feature over 40 ha of land situated very close to,
centres of industrial and economic activity as well as important
or in the vicinity of the national road no. 7, which connects
administrative centres. High property prices can also be found
Kraków with Warszawa.
in major localities situated along the main regional roads, i.e.
road no. 4, which crosses Małopolska from west to east. The
In the predominately agricultural areas of the Proszowicki and
Kraków-to-Tarnów route will be served by more options once
Dąbrowski Poviats, residents tend not to be keen on selling
the A4 motorway (currently being constructed) is completed.
their property. Sales and transfers principally take place
This will serve to increase the attractiveness of areas bordering
between family members and property prices in the area are
both the existing road no. 4 and the new A4 motorway
the lowest in Małopolska. Within the attractive tourist area
(particularly those close to motorway junctions) thanks to the
of Kraków-Częstochowa Upland, it is easier to buy
improved access to and from Kraków and Tarnów. The
a construction plot or agricultural land, although the prices are
attractiveness of these areas will be enhanced by potential
higher. Jura Krakowsko-Częstochowska, especially its southern
future investments near one of the two main east-west
part (the closest to Kraków), is also popular among buyers
communication corridors of Poland. The authorities of some
wishing to move away from the city of Kraków. Kraków’s
gminas located between Kraków and Tarnów are already
outlying valleys offer picturesque views and are close and well
aware of their development potential and are preparing
connected to the voivodeship’s capital.
investment areas for investors. Niepołomice, which already has
a functioning industrial zone, is seeking to obtain a better
To the south of the national road no. 4, foothills and mountains
connection with the A4 motorway and already has well-
begin and the landscape is dominated by hills and mountains.
developed procedures for investor services. The Bochnia
Settlements are situated closer to each other but are still
authorities have purchased and divided properties located
separated by ranges of hills and mountains. As a result, the
near to the anticipated connection to the motorway. Large
average size of a typical farm, and therefore the total
undivided areas located near the intersection of the
investment area and agricultural plots, are smaller than in the
A4 motorway and national road are also being offered by the
northern part of the voivodeship. The specific relief of the area
Kłaj Gmina.
has made the construction of a ski lift possible in Siepraw,
about 10 km south of Kraków. In southern Małopolska,
To the east of Kraków, the route of national road no. 4 more
mountain tourism and other mountain sports, such as skiing,
or less follows the border of two different geographical areas
are popular. The proximity of forests, beautiful landscapes,
of Małopolska. To the north there are the lands of Nizina
numerous landscape parks, national reserves and parks,
Nadwiślańska (Wisła River Valley), Płaskowyż Tarnowski
together with clean air and proximity to nature, are among the
(Tarnów Plateau) and many forests (Puszcza Niepołomicka,
reasons why citizens from Kraków – and indeed all over Poland
Lasy Radłowskie). Settlements in these areas are well dispersed.
– seek to purchase holiday lodges or off-plan properties in the
To the north-west there are the predominately agricultural
region. The area is perfect for tourist investment and leisure
areas of Płaskowyż Proszowicki (Proszowice Plateau), Wyżyna
industry. As a general rule, the further away from the national
Miechowska (Miechów Upland) and Jura Krakowsko-
roads no. 4 and no. 7, as well as other main roads, the lower
Częstochowska. The volume of investment and agricultural
the price of the property. The lowest property prices in this
land is relatively high here. The northern part of Małopolska
part of the region are in Limanowa and in the Gorlicki Poviat
15
on the south-eastern extremity of Małopolska, as well as near
Stryszawa, on the south-western border. Prices here are
comparable to those in the aforementioned north- and northeastern areas of Małopolska, i.e. in the Proszowicki and
Dąbrowski Poviats. The exceptions are the major tourist cities
and towns, in particular Podhale and the settlements around
Jezioro Czorsztyńskie.
Human activity has had the biggest influence on the western
part of the voivodeship, which borders the most industrialised
region of Poland, the Śląskie Voivodeship. Many industrial
plants, mines and chemical plants are located here. Property
prices in this region – although not the lowest – are below the
voivodeship average.
Construction land destined
for residential purposes
It is no surprise that the highest prices of construction plots are
Poviat); Radziemice (the Proszowicki Poviat); Stryszawa and
found in Tarnów and Nowy Sącz, which, after Kraków, are
Zawoja (the Suski Poviat); and even Limanowa, where a square
Małopolska’s biggest and most important cities. The average
metre of construction land in a central location can be bought
price of construction plots in the centre of Tarnów is 350 PLN/m2,
for less than 30 PLN/m2. The cheapest construction plots are
and 270 PLN/m in Nowy Sącz. In the suburbs of both cities,
found outside the borders of such towns as Trzciana in the
the average prices of construction plots are approximately
Bocheński Poviat and Łukowica in the Limanowski Poviat (as
150 PLN/m2. Other locations with high land prices are the seats
low as 7 PLN/m2); Lipinki in the Gorlicki Poviat (8 PLN/m2);
of poviat authorities, attractive tourist towns or towns located
Jordanów and Zawoja in the Suski Poviat and Książ Wielki
close to Kraków. The highest property prices are found in the
in the Miechowski Poviat (10 PLN/m2); Szczurowa in the Brzeski
centre of towns, such as Bochnia, Nowy Targ, Wadowice and
Poviat (12 PLN/m2) and Stryszawa in the Suski Poviat; Dąbrowa
the Liszki Gmina, located just beyond Kraków’s western border.
Tarnowska in the Dąbrowski Poviat; and Bobowa in the Gorlicki
Here prices reach (and in Wadowice and Skawina even exceed)
Poviat (15 PLN/m2).
2
250 PLN/m .
2
The crisis has also had little impact on the cheapest properties,
More than 100 PLN/m is paid for construction plots
the prices of which have remained unchanged this year. In fact,
in Mogilany, near Kraków (180 PLN/m2) and in the tourist
in Podegrodzie (the Nowosądecki Poviat), prices even increased
centres close to mountains, such as Krynica-Zdrój, Rabka,
from 15 to 18 PLN/m2 and in Trzciana, the upper limit of prices
Szczawnica or Czarny Dunajec. Other towns that are found
rose from 20 to 30 PLN/m2.
2
to be attractive to people wishing to move out of the city
of Kraków are Jerzmanowice-Przeginia and Biskupice, where
average prices are approximately PLN 100/m2. Interestingly,
relatively high prices are also found in Tuchów (near Tarnów),
where the average price is roughly 150 PLN/m2. Similarly high
prices are found in the suburbs or beyond the centres of all the
aforementioned towns, cities and gminas. In Bochnia,
Wadowice and Krynica-Zdrój prices exceed 140 PLN/m2, even
reaching 200 PLN/m2 in Liszki (due to the fact that Liszki is the
gmina to which people wishing to leave behind the
metropolitan way of life found in Kraków move in order to find
an alternative to country living).
The crisis has not affected the aforementioned towns and cities,
with prices remaining stable. The exception is Nowy Sącz where
average prices fell slightly. Elsewhere, only a fall in the number
of transactions was recorded.
In contrast, there are locations such as Trzciana (in the
Bocheński Poviat); Bobowa, Lipinki and Sękowa (all in the
Gorlicki Poviat); Jodłownik, Łukowica, Mszana Dolna and
Słopnice (the Limanowski Poviat); Lubień (the Myślenicki
17
19
Western Małopolska - construction land destined for residential purposes (1st half of 2009 – prices in PLN/m2)
Poviat
chrzanowski
krakowski
myślenicki
olkuski
oświęcimski
suski
City / Gmina
Outside the Centre / Suburbs
City / Gmina Centre Babice
23,5
Igołomia-Wawrzeńczyce
40 – 60
Outside City / Village Borders
Jerzmanowice-Przeginia
100
80
no data
Liszki
150 – 250
100 – 200
no data
Mogilany
180
150
no data
Skawina
282
128
52,4
Myślenice
no data
50
no data
Lubień
20 – 40
35
no data
Pcim
100
75
20 – 40
no data
Bolesław
no data
25,14
Oświęcim
50
no data
40
Brzeszcze
30,98
30,24
21,74
Polanka Wielka
35
25
Jordanów
20 – 30
Maków Podhalański
60
Stryszawa
Zawoja
no data
10 – 25
40
15 – 20
30
20
10
Southern Małopolska - construction land destined for residential purposes (1st half of 2009 – prices in PLN/m2)
Poviat
gorlicki
limanowski
Nowy Sącz
nowosądecki
City / Gmina Centre Bobowa
25
20
Lipniki
15
10
8
Sękowa
25
22
25
no data
Outside City / Village Borders
15
Uście Gorlickie
65
30
Limanowa
30
no data
20
Jodłownik
22 – 25
15 – 20
no data
Kamienica
28
26
22
Łukowica
12 – 15
10 – 12
7 – 9
Mszana Dolna
19 – 22
Słopnice
22
20
Nowy Sącz
240
140
90
Korzenna
40
35
no data
Krynica-Zdrój
200
140
35
Podegrodzie
30
25
Rytro
30
25
Nowy Targ
50 – 250
50 – 100
Czarny Dunajec
20 – 100
Czorsztyn
nowotarski
Outside the Centre / Suburbs
City / Gmina
no data
no data
18
20 – 50
30 – 80
Raba Wyżna
51
Rabka
50 – 150
10 – 30
22
no data
20 – 40
Spytkowice
40
11
no data
Szaflary
30 – 70
30 – 60
no data
Szczawnica
70 – 170
30 – 60
no data
21
Eastern Małopolska - construction land destined for residential purposes (1st half of 2009 – prices in PLN/m2)
Poviat
bocheński
brzeski
dąbrowski
miechowski
City / Gmina Centre Bochnia (rural gmina)
150 – 250
80 – 150
no data
Łapanów
40 – 70
30
20 – 30
Nowy Wiśnicz
50 – 54
15 – 43
no data
Trzciana
7 – 30
no data
7 – 30
Szczurowa
40
25
12
Dąbrowa Tarnowska
60
20 – 40
15 – 20
Gręboszów
25
Książ Wielki
Koniusza
proszowicki
Outside the Centre / Suburbs
City / Gmina
no data
no data
60
Koszyce
no data
20
Tarnów
350
130
tarnowski
Tuchów
150
50
Biskupice
Gdów
50
28
Tarnów
wielicki
25
10 – 25
32
Radziemice
Outside City / Village Borders
no data
120
70
30
100
100
60
Construction land destined
for investments
Only half of respondents provided information on property
properties near Tarnów is greatly depressed, mainly due to the
prices destined for business activities. This is because many
prices of commercial plots located along the newly modernised
of the gminas surveyed are characterised by agricultural
national road no. 4. activity; little or no transactions take place and only a small
number of investment plots are sold. It is therefore difficult
to determine the average prices in such areas.
Fairly high prices also continue to prevail in Gdów (300 PLN/m2),
the site of a new special economic zone, and in Liszki, near
Kraków (150–250 PLN/m2) – a popular destination, particularly
From the information received, it appears that the highest prices
in summer, due to its public beach.
of property for business activity (amounting to 500 PLN/m2)
in 2008 were found in Mogilany (the south of Kraków).
In the Niepołomice Gmina, where one of Małopolska’s
Undoubtedly this high average price is due to the gmina’s
biggest industrial zones operates largely within a special
business activity being concentrated mainly along the national
economic zone, prices of commercial properties near the
road no. 7 – the popular “Zakopianka” – and also to the area’s
town centre, along national road no. 75, reach 200 PLN/m2.
relative proximity to Kraków. Similarly expensive investment
In investment areas located outside the centre of the gmina,
plots may also be found in the centre of Nowy Sącz. In terms
average prices are 80–130 PLN/m2. The fact that average
of property prices, Mogilany is closely followed by Wadowice,
prices here are lower than those found in Gdów is largely due
where city-centre property prices reach approximately
to the relatively high availability of investment areas located
400 PLN/m2, with 300 PLN/m2 being common beyond the
near existing industrial facilities.
centre and in the suburbs. Indeed, prices remain high even
outside of Wadowice, where they can be as high as 150 PLN/m2.
High prices are found in Andrychów (170 PLN/m2), Pcim,
High prices here can be attributed to the location’s importance
located on the route from Kraków to Zakopane (150 PLN/m2),
as a tourist destination. Wadowice is one of the most important
and in the mountain tourist centres in southern Małopolska:
destinations for those interested in the life of John Paul II (it is his
Rabka, Szczawnica and Czarny Dunajec, near the Tatra
place of birth). This ensures high consumer traffic and demand
Mountains. However, prices of 300 and 200 PLN/m2,
in the area. It is possible that, should Karol Wojtyła be made
respectively, are high rather than average.
a saint, properties in Wadowice will become more expensive
due to potentially higher numbers of tourists and pilgrims.
The cheapest property assigned for commercial or business
use is situated in Łososina Dolna in the Nowosądecki Poviat.
It may seem interesting that in Tarnów, a town comparable
Here, one square metre of land costs only 44 groszy. However
to Nowy Sącz and perhaps better situated in terms of transport
the data are based on a single sale transaction of a very large
and accessibility, average prices of investment properties in the
area. It is therefore difficult to draw accurate conclusions
city centre are considerably lower, amounting to approximately
on average prices in the gmina based on this one transaction
300 PLN/m . The difference probably arises as a result of the
alone. Very cheap properties can be found in Koszyce (1.8–2.6
different layouts of the city centre zones: in Nowy Sącz, the centre
PLN/m2).
2
is concentrated around the city’s market place, whereas in Tarnów
it is more dispersed. Property prices outside of the two city centre
Prices also remain low in traditionally agricultural gminas
2
are, however, similar – 180 PLN/m in Nowy Sącz and 150 PLN/m
on the edge of Małopolska, and in locations far from popular
in Tarnów. Beyond the cities’ administrative borders, land for
transport routes. In Szczurowa (the Brzeski Poviat), Bobowa
investment in Tarnów is more expensive (100 PLN/m2, compared
(the Gorlicki Poviat), Mszana Dolna and Słopnice (the
to 70 PLN/m2 in Nowy Sącz). The average price of investment
Limanowski Poviat), Książ Wielki (the Miechowski Poviat),
2
23
Radziemice (the Proszowicki Poviat) and Stryszawa (the Suski
Poviat) the average prices of properties designated for business
activity are below 30 PLN/m2.
Analysis of this information reveals that prices of properties
designated for business activity are fairly stable. At the
beginning of 2009 prices in Koszyce (the Proszowicki Poviat)
– already the lowest in Małopolska – fell slightly. In other
locations, prices have remained at a similar level. Interestingly,
a slight rise in prices was recorded in Skawina, near Kraków,
and in Kamienica (the Limanowski Poviat), Pcim (the Myślenicki
Poviat), Stryszawa, (the Suski Poviat) and Spytkowice
(the Wadowicki Poviat).
Western Małopolska - construction land destined for investment (1st half of 2009 – prices in PLN/m2)
Poviat
City / Gmina
Jerzmanowice-Przeginia
krakowski
myślenicki
olkuski
oświęcimski
Liszki
100
150 – 250
wadowicki
Outside City / Village Borders
no data
100 – 200
no data
Skawina
81,98
58,84
52,5
Myślenice
no data
80 – 165
no data
Lubień
40 – 70
50
no data
Pcim
150
75
no data
Bolesław
no data
13,53
no data
Polanka Wielka
40
25
no data
Maków Podhalański
suski
Outside the Centre / Suburbs
City / Gmina Centre 60
Stryszawa
40
20 – 30
Zawoja
50
30
20
Wadowice
400
300
150
80
Andrychów
170
90
Lanckorona
70 – 100
60
30
Spytkowice
35
30
no data
25
Eastern Małopolska - construction land destined for investment (1st half of 2009 – prices in PLN/m2)
Poviat
bocheński
City / Gmina
City / Gmina Centre Bochnia (rural gmina)
Łapanów
Outside the Centre / Suburbs
no data
Outside City / Village Borders
60
40 – 90
30 – 70
30
brzeski
Szczurowa
25
15
6
dąbrowski
Dąbrowa Tarnowska
60 – 100
60
20
miechowski
Książ Wielki
proszowicki
Koszyce
no data
2,6
Radziemice
5 – 15
2,5
1,8
20
Tarnów
Tarnów
300
150
100
tarnowski
Tuchów
no data
50
20
Gdów
300
100
60
Niepołomice
200
130
100
wielicki
Southern Małopolska - construction land destined for investment (1st half of 2009 – prices in PLN/m2)
Poviat
gorlicki
City / Gmina
Bobowa
Outside City / Village Borders
30
20
50
20
no data
Limanowa
40
no data
20
Kamienica
35
30
Mszana Dolna
22 – 25
Słopnice
30
25
Nowy Sącz
Nowy Sącz
500
180
nowosądecki
Podegrodzie
50
limanowski
Uście Gorlickie
Outside the Centre / Suburbs
City / Gmina Centre no data
70
40
Nowy Targ
40 – 100
40 – 80
40 – 60
Czarny Dunajec
20 – 200
20 – 100
no data
Czorsztyn
nowotarski
28
no data
30 – 160
no data
Raba Wyżna
100
40
no data
Rabka
50 – 300
20 – 80
no data
Spytkowice
40
11
no data
Szaflary
30 – 140
30 – 120
no data
Szczawnica
70 – 300
30 – 120
no data
27
Agricultural land
Despite the economic crisis, the situation on the agricultural
were for small plots of up to one hectare (more than
property market is good. In fact, with the exception of the
19,000 PLN/ha) and for very large properties exceeding
Koszyce Gmina in the Proszowiski Poviat (where average prices
100 ha (17,000 PLN/ha).
of agricultural land fell from approximately 22,000 PLN/ha
to 18,000 PLN/ha within the village, and from approximately
The aforementioned property prices may suggest that
18,000 PLN to 15,500 PLN/ha outside the village), prices
agricultural land is very cheap as 15,000 PLN/ha equates to just
remain at the same level as before or have even risen. This
1.5 PLN/m2. Unfortunately, these data cover an average
situation is not surprising, for land is still viewed as a good
of more than 2,800 transactions carried out by the Agricultural
capital investment, although buyers must be aware of its
Property Agency, many of which concerned areas located
longterm nature of such an investment.
in the region’s less attractive parts. There are places
in Małopolska where agricultural land can be bought for much
One square metre of agricultural land costs five-times less than
less than this average. The cheapest agricultural land can
a square metre of a construction plot. Buying such land near
be found near Stryszawa, the Suski Poviat (2,000–7,000 PLN/ha);
a big city may therefore bring significant profits
Korzenna, the Nowosądecki Poviat (8,000 PLN/ha);
if it is successfully transformed into a construction site. This
Radgoszczcz, the Dąbrowski Poviat (7,100–9,000 PLN/ha); and
requires either a new development plan to be adopted by the
Gręboszów (7,000–8,000 PLN/ha). One hectare of land can
gmina council or a change in the existing plan to be made.
be had for an average of 10,000 PLN near Trzciana, the
These are usually long and complicated procedures and, due
Bocheński Poviat; Szczurowa, the Brzeski Poviat; Grybów,
to a number of factors, one cannot be sure of success in every
Rytro and Lanckorona, the Nowosądecki Poviat; and Koniusza,
case.
the Proszowicki Poviat. However, even higher prices are not
uncommon. However, the purchase of agricultural land may represent
a good investment even in the event that an attempt to convert
As a general rule, the closer such property is to urban centres
agricultural land into construction land proves unsuccessful.
or popular tourist regions, the higher the price. The highest
This is confirmed by information on prices of real estate
prices on record for agricultural land are in Mogilany (very
published by the Agricultural Property Agency (http://www.
good transport links with Kraków), with one hectare of land
anr.gov.pl/pl/article/132939). According to this information,
costing as much as PLN 500,000. Other gminas near Kraków,
the average price of land in Q2 2009 was 15,623 PLN/ha. This
such as Liszki, Jerzmanowice-Przeginia and Igołomia-
means that, in relation to Q1 2009, the average price of one
Wawrzeńczyce will continue to develop as a result
hectare of agricultural land increased by PLN 2,000, i.e.
of an increasing number of inhabitants of Kraków being eager
approximately 14%. Moreover, for the whole year, the price
to move away from the city. Consequently, one hectare of land
of agricultural land, comparing Q2 2008 to Q2 2009, increased
could conceivably cost as much as PLN 300,000. Land located
by more than PLN 3,700 (approximately 32%).
next and near to the national road no. 7 (“Zakopianka”) is also
expensive. Prices for one hectare of land near Myślenice range
Unfortunately, the constant growth in the price of agricultural
from PLN 150,000 to 400,000 and from PLN 50,000
land is the main reason why prices in Poland are approaching
to 300,000 near Pcim. Average prices for one hectare
those of other EU countries, especially Germany (the eastern
of agricultural land range from PLN 100,000 to 130,000
part of the country) and France. This also means that the price
in Raba Wyżna (the Nowotarski Poviat), Biskupice (the Wielicki
increases should be expected to draw to a halt soon. According
Poviat), Słopnice and Jodłownik (the Limanowski Poviat),
to the Agricultural Property Agency, the highest prices fetched
Maków Podhalański (the Suski Poviat), Skawina (the Krakowski
Poviat), and in Uście Gorlickie (the Gorlicki Poviat). Agricultural
land costs PLN 100,000–200,000 near Zawoja (the Suski
Poviat) and PLN 180,000–200,000 in Sękowa (the Gorlicki
Poviat). A curious fact concerns the prices of agricultural land
in the Lanckorona Gmina (the Wadowicki Poviat) just
35 km from Kraków. Here, one hectare of land outside the
village fetches PLN 10,000, yet closer to the centre, one hectare
costs approximately PLN 100,000. This dramatic difference can
be attributed to the beautiful marketplace, which attracts
people wishing to transform agricultural land into land suitable
for residential construction, as well as those wishing to treat
the purchase as a capital investment.
29
Western Małopolska - agricultural land (1st half of 2009 – prices in PLN/ha)
Poviat
City / Gmina
City / Gmina Centre Outside the Centre / Suburbs
Igołomia-Wawrzeńczyce
krakowski
myślenicki
olkuski
oświęcimski
suski
wadowicki
Outside City / Village Borders
300 000
Jerzmanowice-Przeginia
300 000
200 000
no data
Liszki
100 000 – 300 000
70 000 – 200 000
no data
Mogilany
500 000
400 000
no data
Skawina
no data
120 000
80 000
Myślenice
no data
200 000 – 400 000
150 000 – 400 000
Lubień
50 000
30 000 – 50 000
no data
Pcim
no data
100 000 – 300 000
50 000 – 100 000
Wiśniowa
120 000
100 000
90 000
Bolesław
no data
20 000
no data
Oświęcim
60 000
no data
30 000
Polanka Wielka
no data
15 000
no data
Jordanów
no data
Maków Podhalański
40 000 – 80 000
120 000
Stryszawa
80 000
2 000 – 7 000
Zawoja
200 000
100 000
50 000
Wadowice
no data
100 000
50 000
Andrychów
no data
50 000
Lanckorona
100 000
50 000
10 000
Spytkowice
16 000
13 000
no data
Southern Małopolska - agricultural land (1st half of 2009 – prices in PLN/ha)
Poviat
City / Gmina
City / Gmina Centre Bobowa
gorlicki
30 000
Nowy Sącz
Sękowa
200 000
no data
130 000
Limanowa
100 000
no data
180 000
100 000
no data
30 000
no data
80 000
Łukowica
70 000
30 000 – 40 000
Mszana Dolna
60 000 – 80 000
Słopnice
100 000
50 000
no data
Nowy Sącz
no data
250 000
90 000
8 000
no data
Korzenna
nowotarski
17 000
100 000 – 120 000
Grybów
nowosądecki
30 000
20 000
Uście Gorlickie
Kamienica
Outside City / Village Borders
no data
Lipniki
Jodłownik
limanowski
Outside the Centre / Suburbs
no data
no data
20 000
Krynica-Zdrój
10 000
no data
30 000 – 40 000
Podegrodzie
50 000
Rytro
no data
Nowy Targ
50 000 – 70 000
30 000 – 70 000
Czarny Dunajec
no data
30 000 – 70 000
Czorsztyn
no data
Raba Wyżna
100 000
Rabka
30 000
20 000
10 000 – 50 000
30 000 – 100 000
20 000 – 40 000
no data
no data
30 000 – 100 000
Spytkowice
20 000
Szaflary
no data
15 000
30 000 – 70 000
no data
Szczawnica
no data
30 000 – 100 000
31
Eastern Małopolska - agricultural land (1st half of 2009 – prices in PLN/ha)
Poviat
City / Gmina
City / Gmina Centre Bochnia (rural gmina)
bocheński
brzeski
Łapanów
miechowski
proszowicki
no data
tarnowski
wielicki
20 000
20 000 – 25 000
Nowy Wiśnicz
60 000
30 000 – 50 000
8 000 – 40 000
Trzciana
10 000 – 40 000
no data
10 000 – 40 000
Borzęcin
18 000
Szczurowa
18 000 – 24 000
no data
12 000 – 20 000
10 000
no data
25 000
15 000
Gręboszów
8 000
no data
7 000
Radgoszcz
no data
9 000
Książ Wielki
no data
7 100
50 000 – 150 000
Koniusza
20 000
no data
10 000
Koszyce
no data
18 000
15 500
Pałecznica
33 000
20 000
8 000 – 9 000
Radziemice
Tarnów
Outside City / Village Borders
20 000 – 35 000
Dąbrowa Tarnowska
dąbrowski
Outside the Centre / Suburbs
Tarnów
20 000
no data
Szerzyny
Tuchów
no data
Biskupice
Gdów
450 000
150 000
50 000
20 000
no data
11 000
no data
no data
100 000
50 000
30 000