krakow property

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Welcome to Krakow Property

 

 

 

The Krakow property market, like the city of Krakow itself, is continually evolving and the pace of change over the past decade has been particularly quick.

 

The 'noughties' have seen the arrival in Krakow of third-generation shopping centres such as Galeria Kazimierz on the fringe of the Jewish quarter, Galeria Krakowska next to Krakow Glowny train station and Bonarka City Center to the south of the Stare Pogdorze district. Traditional high street retail in the pedestrianised Old Town on streets such as Florianska, Grodzka and Szewska has obviously been weakened as a side-effect of this phenomenon whilst office tenants, the likes of whom would traditionally have graced stylish tenement houses around Rynek Glowny, have also upped anchor from the dead centre and shifted into purpose-built business parks such as Quattro Business Park and Bonarka for Business (B4B) which offer easier access, larger floorplates and greater flexibility than the historic buildings of the Old Town.

 

Local operators such as the Likus family have successfully built a chain of boutique hotels, namely the Copernicus, the Stary and Pod Roza, to fill this gap left in the Old Town, whilst international hotel chains such as Sheraton and Radisson have set up shop in or near the centre adeptly catering to both the booming tourist market and the burgeoning business traffic. Cracovians have been given their own chance to buy apartments in such central locations thanks to the birth of a residential development market and a greater availability and affordability on the personal mortgage market. The last 10 years has seen an explosion in the residential sector with buyers able to choose between high-end, city centre schemes such as Browar Lubicz or Angel Plaza and even river view schemes such as Wislane Tarasy or Nadwislanska 11.

Overview

EXPLORE   KRAKOW   PROPERTY

We are affiliated to Prestige Property Group, one of Europe's largest internet real estate agencies, and also to Cracow Life - the city's leading internet guide for visitors. These partnerships give us both the international experience and the local know-how to handle your property search effectively and professionally. We look forward to being of service.

  • Leach & Lang offer a professional yet approachable service and are able to advise on all aspects of the Krakow property market. Leach & Lang's strong grounding in the residential market - whether related to sales, letting or property management - also extends to the commercial market where the team have experience in advisory, acquisition, disposal, leasing and asset management.

     

     

  • About Krakow Property

    Krakow Property aims to provide an authoritative and transparent guide to the local property market for individuals and companies curious about Krakow real estate. As well as providing up-to-date information on current trends and values, we intend to provide specific advice and assistance as how to approach any prospective purchase or lease.

  • FAQ

    How expensive is it to buy an apartment in Krakow?

     

    Residential property is priced 'per square metre' of useable space and prices vary greatly depending on location. Most properties fit in the 4,000 – 10,000 PLN per sq m price range and typical apartment sizes are from 30 sq m (typically a studio) to 100 sq m (with several bedrooms). It could therefore be said that a typical 50 sq m 1-bed apartment in a popular residential area not too far from the centre might cost in the region of 350,000 PLN (approx  80,000 EUR).

     

     

    What does it cost to rent a house or apartment in Krakow?

     

    House and apartment rents vary greatly depending on the size and quality of the accommodation. Large houses in desirable suburbs such as Wola Justowska can cost as much as 10,000 PLN per month (approx 2,500 EUR) but this is certainly considered top-end. Small studio flats in reasonable condition but further out from the city centre can be rented for as little as 1,000 PLN per month (approx 250 EUR).

     

     

    Which is the best area in which to rent or buy an apartment or house?

     

    This very much depends on you. With a few exceptions almost everywhere in Krakow can be safe and pleasant to live and can be more or less suitable for a variety of prospective buyers or tenants. The city centre is often most popular with people moving to Krakow for the first time as they get to grips with the city but it is also one of the most expensive areas to live in. Families might prefer to be located further out where there are more parks and green spaces or houses available for rent or sale with gardens.

     

     

    What are typical office rents in A-class buildings in Krakow?

     

    Renting space in an A-class office is likely to end up costing circa 14 EUR per sq m per month (almost always office rents are denonimated in EUR rather than in PLN) and landlords expect tenants to sign up for relatively long contracts (5 years +) but usually give incentives such as rent-free periods and/or contributions to the fit-out of the office space.

     

     

    What are typical retail rents in Krakow?

     

    The boom in new shopping centres in Krakow over the past decade has created a large supply of retail facilities outside Krakow city centre. This has impacted on high street rents where basement spaces rent now from 40 PLN (10 EUR) per sq m per month. Ground floor units on prime streets are typically in the range of 150 – 200 PLN per sq m (40 – 50 EUR) but rents can be higher or lower depending on the quality, visibility and size of the space. Shopping centre rents roughly cover the same rent scale with large anchor tenants on long leases able to negotiate low rents whilst smaller boutique operations have to pay handsome rents to the shopping centre developers and investors.

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