Despite the Covid-19 pandemic, the war in Ukraine and the energy crisis, demand for flats to rent remains strong. Many factors such as immigrants from Ukraine, migration from rural areas to towns and cities or reduced credit ratings have had a significant influence on the condition of the Polish housing market.

Investors are increasingly often seeing the housing market as a safe harbour for investing funds during these difficult and uncertain times. Investment funds are most likely to look into acquiring a significant proportion of flats in a given housing development or even the entire development. Studio and one bedroom flats in good locations are in the highest demand.

Investing in PRS

The Atrium Group acquired 138 turnkey properties in Wrocław with the intention of renting them out subject to an institutional lease – a Polish legal construct which is essentially a rental agreement with enhanced lessor protection rights. According to company representatives, this addresses the needs of young workers and students. It is also worth mentioning that this is Atrium Group’s first investment in the PRS sector.

Budnex decides to enter the PRS market. The company’s management announced plans to build 800 flats for institutional lease in Poznań, Gorzów, Szczecin and Zielona Góra.

Poland attracts foreign investors

It is not only domestic investors who are eyeing up development projects in Poland. The country is also an attractive market for foreign investors, and investment funds in particular. Such funds have the know-how and work according to tried and tested investment models.

The Dutch Van der Vorm Vastgoed investment fund signed a contract with Quelle Lokum, a local developer, for 128 flats in Kraków’s Podgórze.


Unfortunately, Poles are still facing housing problems. There is a shortage of flats and prices remain high. And this acts like a magnet for domestic and foreign investors who realise that this presents an opportunity to generate decent returns.