The institutional private rented sector (PRS) is becoming an important part of the Polish residential market, recording supply growth and attracting both domestic and international capital, according to a report by BNP Paribas Real Estate Poland.
In 2025 alone, 5,800 PRS units were delivered, marking the second-highest annual result in the history of the sector and confirming that the market has moved into a phase of stable growth. Demand for rental housing is also on the rise, driven by the limited affordability of home ownership compared with the period of low interest rates and the operation of the "Safe Mortgage" programme.
"The attractiveness of the PRS segment is underpinned by strong market fundamentals, including persistently high demand for rental housing, long-term demographic trends and a growing preference for flexible living arrangements over home ownership," emphasises Arkadiusz Bielecki, Head of Valuation Department, BNP Paribas Real Estate Poland.
The institutional rental market in Poland remains heavily concentrated in the largest urban agglomerations. At the end of 2025, Warsaw accounted for the largest share of stock (32%), followed by Kraków (19%) and Wrocław (16%). Among the largest schemes delivered in 2025 were Kraków Romanowicza (673 units), Katowice Korczaka (523 units), AFI Home Metro Zachód in Warsaw (517 units) and UP2U Piątkowska in Poznań (460 units). Resi4Rent remains the market leader with a 20% share of total stock.
By the end of 2025, investment transaction volumes in Poland's PRS sector exceeded the level recorded in the record-breaking year of 2024. In H2 2025 alone, total investment into rental housing and private student accommodation reached €108 million, up 4% year-on-year. The largest transaction was OKAM Capital's acquisition of the AFI Home Metro Szwedzka project for €76 million. "The sector's appeal stems from attractive yields in the range of 5.5%-6.5%, despite the still limited scale of investment activity," notes Karolina Wojciechowska, Director, Capital Markets Department, BNP Paribas Real Estate Poland.
