Warsaw flat sold for record-high EUR 4 mln

A 470 square-metre apartment in central Warsaw has been sold for a record-high PLN 17 million (ca. EUR 4 mln), the highest price paid for a flat in Poland in 2019, and one of the highest in the last 30 years, urban.one portal said on Friday.

The apartment, combining two adjacent flats, is situated in a renovated tenement house on Foksal Street, where the second-most expensive property was sold for PLN 11.5 million (EUR 2.7 mln).

In addition to the unusual design of individual flats and concierge services, the residents of the building have at their disposal a spa area with sauna and jacuzzi, fitness room, and other amenities.

The money paid for Warsaw's most expensive apartment would be enough to buy a recently listed 16th-century castle with a 9 hectare plot of land in the Loire Valley, according to the portal.

The cost of one square metre of the Warsaw apartment, just over PLN 36,000 (EUR 8,437) is four times the average price per sq m of an apartment in the Polish capital. The price for 1 sq m of the Foksal Street property would be enough to buy a studio flat in the northern Polish town of Chelmno.

According to urban.one, one of the most expensive Warsaw addresses in 2019 was also the tenement house "Flory 3 Apartments," where a 232-metre property on the sixth floor was sold for PLN 5.75 million (EUR 1.35 mln) which translated into PLN 24,700 per one square metre.