The rental housing market in Warsaw: current situation and features

The rental housing market in Warsaw

Today, the real estate market in Warsaw is at its zenith. Tenants and landlords should be ready to make decisions and adapt to the market as soon as possible.

Demand for small apartments

One of the features of the real estate market in Warsaw is the high demand for small apartments. In Poland, apartments measuring 80-90 square meters are considered illiquid, while three-room apartments of 46 square meters have already become the norm. Apartments of these sizes are in demand among both renters and buyers.

Fewer large families

In the capital of Poland, there are fewer large families, which affects the demand for real estate.

Apartment rentals in Russia: challenges and requirements

People often leave their small towns, trying to make their way to the capital or start an independent life far from their loved ones or partners. This process leads apartment owners, especially those with limited financial means, to hold real competitions among those wishing to live in their properties.

Potential tenants are given a time for viewing the property, and a queue of people ready to offer their services is formed. During the visit, each of them must introduce themselves, state their income, job, documents, and planned duration of stay. The selection criteria are fundamentally determined - the decision is made by the owner themselves. Some are willing to offer six months' rent in advance to convince the owner. Many owners are intimidated by the initial deposit, which raises doubts about its legality.

For many property owners, renting out their property becomes a significant source of stress. There are numerous pitfalls when it comes to renting out housing that can have serious consequences for all parties involved.

For example, I remember a case where the landlord did not sign a rental agreement and postponed the eviction of the tenants for two years.

Casual employment contract

A random rental agreement is a special type of lease that allows the tenant to move to another residence if the rental conditions are violated.

Issues with random hiring

Property owners may find themselves in a difficult situation, as the law does not allow them to evict a person who claims to have no place to live and is not registered. As a result, the eviction process can take up to two years, during which time the owners do not receive any rent.

Consequences for owners

Tenants can cause serious damage to a renovated home, which can lead to unpleasant situations and losses for the owners.

Legislation and rental in Poland

Polish legislation is not fully thought out and has flexible provisions that can be interpreted in different ways. This is why property owners are afraid to rent out their apartments.

Minimization of risks

Property owners can take advantage of the services of lawyers and real estate agents who can help draft a lease agreement and conduct tenant screening. Additionally, it is important to thoroughly document the condition of the property when handing it over for rent, as this will help prove any damage and prevent financial loss.

Conclusion

A successful business is one that is based on well-maintained property and mutual trust between the owner and the tenant.

How to protect yourself from rental property scammers?

It is extremely important to choose trusted realtors who provide a full range of services, not just limited to making calls about listings. Beware of "agents" who may charge high fees for their services, reaching up to 123% of the rental cost.

Protection against non-payers

The conclusion of temporary rental agreements is one of the methods of protection, although it does not guarantee complete safety. It is extremely important for the contract to be notarized and for the condition of the property and its elements to be detailed on a special scale from 1 to 6, in order to establish responsibility for damages.

The advantage of management companies

In Poland, it is common for management companies to take on all aspects of the rental process. This helps owners save time by providing technical support and oversight of rental processes.

Personal experience and recommendations

• I encountered a tenant who had a total of seven cats. I refused to rent because of the circumstances.
• I helped a family from Belarus who moved to Warsaw with their pets, looking for suitable housing for everyone.

Making the right choice of a realtor and signing a contract can significantly reduce the likelihood of fraud and issues when renting or leasing property.

Searching for the perfect apartment to rent

When searching for the perfect apartment to rent out, you often encounter a variety of situations. One of the most important recommendations for landlords is to insure the property against potential damages that could be caused, for example, by pets, or to increase the deposit to cover unforeseen circumstances. Sometimes apartments end up without internet access, turning them into a kind of "black holes." There are cases where owners include strange and unusual conditions in the rental agreement, such as prohibiting certain activities in the rented space.

Experience of a family from Ukraine

Recently, I helped a large Ukrainian family moving from Thailand to Poland. Organizing the entire process took several weeks, including online communications, notary and translation services, airport transfers, and even cleaning the apartment. However, just a few hours before their flight from Phuket, the landlord suddenly changed their mind about renting the property, which required an urgent search for a new option. Despite the disappointment, we managed to find a more suitable place at the last minute. This case highlighted the importance of continuously monitoring the situation right up until the lease agreement is signed.

Problem with an unscrupulous realtor

Another example concerns a different Ukrainian family that suffered from an unscrupulous realtor. The realtor did not provide all the information about the contract, and after two months of living in the rented apartment, they had to move out because the owner, going through a divorce, demanded that they vacate the property within a week. This case once again highlights the need for careful verification of all contract terms to avoid such unpleasant situations.

Recommendations for landlords

• Consider the needs of the tenants:availability of internet and transparent rental conditions.
• Insure your property and account for the deposit:This will help avoid many problems.
• Carefully draft and sign contracts:This will reduce the risk of unpleasant surprises.
reduces the risk of unpleasant surprises.

The situation in the apartment rental market in Warsaw

The situation in the rental apartment market in Warsaw remains quite tense due to increasing demand and decreasing supply. Rental prices in the Polish capital have risen on average by 1.5 to 2 times over the past year.

You can rent a one-bedroom apartment in Warsaw for 3,500 zlotys, a two-bedroom apartment for 4,500 zlotys, and a studio for 2,800 zlotys per month.

Small apartments are the most popular in the rental market due to the lifestyle of the local residents.

A notable feature of the market has been the practice of holding castings among potential tenants, which indicates high competition in the market.

Moreover, many property owners prefer to rent out their homes for at least six months.

Overall, the rental situation for apartments in Warsaw remains challenging at the moment, and renting property is a real challenge for most people.