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TAG Immobilien: Successful expansion on the booming Polish rental market!
TAG Immobilien is successfully expanding on the Polish rental market. Find out more about growth strategies, rents and construction costs.
TAG Immobilien: Successful expansion on the booming Polish rental market!
The company TAG Immobilien is heading into the Polish rental housing market and is planning a significant expansion in emerging cities such as Warsaw, Gdansk and Krakow. How IT Boltwise reports, the company emphasizes lower construction costs and high demand in Poland as key advantages for its growth. Co-company boss Martin Thiel states that TAG Immobilien acts not only as a landlord but also as a building contractor in Poland, which is proving to be very lucrative.
Construction costs in Poland are around 2,000 euros per square meter, while in Germany prices are over 5,000 euros - a huge difference that makes entry into the local market very attractive for TAG Immobilien. For the current year, the company plans to sell around 2,800 apartments worth around 400 million euros. In the long term, between 2,000 and 2,500 new apartments are to be built annually.
Attractive rental prices and high demand
The rental market in Poland is loud Real estate Poland very dynamic in 2024. Basic rents in cities such as Warsaw, Wroclaw and Gdansk vary between 15 and 20 euros per square meter. For comparison: in German cities the average price is around 6 euros per square meter. The demand for living space is strong, supported by increasing immigration and the interest of international companies and young skilled workers in locations close to the city center.
Average rental prices in some Polish cities are as follows:
| City | Average rental price (EUR) |
|---|---|
| Warsaw | 1,207 |
| Gdansk | 791 |
| Krakow | 778 |
| Wroclaw | 727 |
| Szczecin | 627 |
| poses | 600 |
| Lodz | 493 |
| Lublin | 599 |
A market in transition
Property prices in Poland are showing loudly PolandImmo large fluctuations influenced by factors such as GDP, unemployment rate and inflation. While interest in new buildings is increasingly focused on sustainable and energy-efficient solutions, the market for existing properties remains important due to limited supply and rising new building prices. In many urban regions we see a need for renovation, which is further increasing costs.
Mortgage interest rates have risen in 2024, which could unsettle potential buyers. Experts warn that this could also put pressure on property prices. Despite these challenges, urbanization remains a key factor that will continue to drive demand for housing in cities.
TAG Immobilien's expansion plans in Poland are not only a response to high demand, but also a strategic decision that promises long-term company profits. Politics could play a decisive role in the future when it comes to promoting housing construction through significant measures and thus keeping both rental and purchase prices in check.