Foreign nationals purchased a record 17 330 residential and commercial properties in Poland in 2024, covering more than 1 million square meters in total — a significant increase from the 14 000 transactions recorded in 2023. Ukrainians topped the list of foreign buyers, according to Business Insider Polska, citing Rzeczpospolita.
The majority of foreign acquisitions were concentrated in Poland’s major cities: Warsaw (3 535 transactions), Kraków (1 523), and Wrocław (1 491). Data from Poland’s Ministry of the Interior and Administration show the most real estate was purchased in the Mazowieckie (508 000 m²), Dolnośląskie (216 000 m²), and Małopolskie (123 000 m²) provinces.
Alongside Ukrainians, other leading foreign investors included citizens of Belarus, Russia, India, the United Kingdom, and Vietnam. The average size of properties purchased was approximately 58 m².
According to Patryk Pięta, Senior Agent at Hamilton May, most foreign buyers focus on newly built properties as investment assets, seeking returns in Poland’s growing market. He also noted that many are considering permanent residence in the country.
Most transactions were completed without mortgage financing—typically cash purchases. Some investors see property prices in Warsaw as especially attractive, particularly when compared to pre-war Kyiv.
“Many Ukrainians who relocated 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.
Foreign buyers accounted for around 6% of Poland’s residential real estate market in 2023.
