Prices per Square Meter in the Best Baltic Apartments
There is one basic rule: the closer to the sea and the higher the quality of the location and architecture, the higher the price per square meter today—and the greater the potential for value appreciation in the future.
Currently, the average asking price for seaside apartments is PLN 19,000–19,500 per m² across the entire Baltic coastal belt, although in the prestigious locations mentioned above the average is higher. In Gdańsk (especially in districts such as Brzeźno or Żabianka–Przymorze), asking prices exceed PLN 20,000 per m², and in apartments with a view of the sea and the beach–even PLN 26,000–30,000 per m² or more. In Gdynia, in prestigious projects or luxury apartments with sea exposure, prices can reach PLN 30,000–40,000 per m², and in exceptional cases–especially in complexes with panoramic views and a high standard of finish–even more. Sopot, perceived as luxurious for more than 100 years, is currently the most expensive address on Poland’s coast. In prestigious locations in Lower Sopot, the price per square meter of an apartment can exceed PLN 50,000–60,000.
In summary: the highest prices per m² are recorded in the Tri-City’s premium locations (Sopot, Gdańsk Brzeźno, and Gdynia), the prestigious resorts of the Hel Peninsula, and then in popular tourist towns such as Kołobrzeg, Międzyzdroje, and Świnoujście. At the same time, these currently cheaper locations are seen as very promising. Given the limited supply in the best-known and most expensive locations, analysts predict their development. In other words–prices will rise there.
A Pinch of Salt (Not Necessarily Sea Salt)
It should also be said clearly–these kinds of investments are not for everyone. It is not enough to have a spare million or a few million and a brochure. The foundation is the developer’s credibility and experience in the market, as well as what is offered within a given project. Experts recommend taking a very close look at the offer and what you will ultimately receive. Purely residential projects are one thing, condo apartments are another, and condohotels are yet another. Tenants have increasingly high expectations, for example regarding the ability to combine remote work with relaxation–a format developed during the pandemic is becoming increasingly popular. Therefore, beyond the standard of finish, the availability of an SPA offer or tourist attractions is also important to them. These requirements will grow, especially because competition for Baltic investments includes properties in traditionally tourist locations in Italy, Spain, Cyprus, and recently Bulgaria, Albania, or Croatia. Before deciding on the type of investment, it is worth weighing all the pros and cons, also carefully reviewing legal solutions–for example, requirements for short-term rental.
How Much Can You Gain?
Since we have talked about costs, it is time for profits. How much can you earn on
a seaside apartment intended for rental? The answer is: it depends. The closer to the shoreline, the closer to tourist attractions, the more luxurious–the more you can earn. Analyses by Renters.pl show that the average profitability of investments in vacation apartments is 5–8% per year. If the apartment is rented out also outside the high season, the investment can pay back within 12–15 years. In a conversation with Parkiet.pl, Marlena Kosiura emphasizes that there are locations where profit from renting an apartment can reach more than a dozen percent. In nominal terms, rental income averages from PLN 30,000 to as much as PLN 70,000 per year. Much also depends on the rental model–when it comes to short-term rentals, it is best to entrust management to a specialized company that will take on the burden of operating the location. But again–you have to remember to choose a professional, proven, and trustworthy entity.
Is It Worth It?
Despite all the turbulence and uncertainty about the statutory future of short-term rentals, the answer is–yes. People will always want to rest, and as the pandemic period showed, it is good when the place of rest is easy to reach. On the other hand, there are resources that will be exhausted and will not be created again. Simply put–you cannot stretch the coastline. There will be no more sea, and no more sea views. The number of such locations is limited and literally countable. As the Polish proverb says: whoever is first is better. There is no point in waiting–if someone wants to invest in an apartment with a real view, the time is now. Especially since in recent months prices have dropped slightly.
https://www.parkiet.com/nieruchomosci/art41947181-mieszkanie-na-wakacje-zarabiaja-gory-czy-morze
