Foreign investors continue to expand their activity in Poland’s residential real estate market, with Ukrainians remaining the key driver of demand, already purchasing more housing than all other foreign buyers combined.
According to a report by GetHome.pl and data from Poland’s Ministry of the Interior and Administration, foreigners purchased more than 17,700 apartments in 2025, around 2% more than a year earlier. Over the past decade, the number of transactions involving foreign buyers has increased approximately fivefold, reflecting sustained growth in interest in the Polish real estate market.
Ukrainian citizens play the leading role in this segment. Following the start of Russia’s full-scale invasion in 2022, their activity in Poland’s housing market rose sharply, and this trend has continued. In 2025, Ukrainians purchased around 9,300 apartments with a total area of 548,000 sq. m, exceeding the combined purchases of all other foreign citizens from more than 115 countries.
As a result, Ukrainians have effectively formed the largest investment segment among foreign homebuyers in Poland, making them a key factor in the development of the local real estate market.
Belarusian citizens ranked second by activity, purchasing around 2,700 apartments in 2025 with a total area of 192,000 sq. m. Strong demand was also demonstrated by Indian citizens, who actively buy housing mainly in large cities where they work in the IT and services sectors, although their total transaction volume remains significantly below the Ukrainian level.
Citizens of Turkey and the Czech Republic are also present in the market, acquiring comparable volumes of real estate. In the case of the Czech Republic, part of the demand is explained by investment motives and geographic proximity, as well as purchases of housing in tourist regions as second homes.
At the same time, analysts note that interest in the Polish market from Western European investors is declining. The reasons cited include rising housing prices, lower rental yields, and worsening lending conditions.
Overall, Poland’s residential real estate market is gradually shifting away from speculative investment demand toward more sustainable demand from migrants and working residents, among whom Ukrainians hold a dominant position.
