People who rent apartments and houses in Poland must prepare for major changes in their budgets. There is expanding force on property owners who will gotta rise rents due to the increase in electricity, gas and fresh CO2 tax. We explain what changes await us and how to prepare for them.
Rapid increase in maintenance costs
Since July 2024, fresh tariffs for electricity, gas and heating from the grid have been in force in Poland, which importantly increases the cost of maintaining apartments and houses. Given the additional CO2 tax, the costs of which now besides include private users, energy bills and heating will proceed to increase. The property owners will be forced to rise rents to compensate for their expenses.
A fresh CO2 taxation – what does that mean for renters?
The fresh CO2 taxation is another burden for property owners. It covers all forms of heating and includes rented apartments. These costs will should be borne by property owners, who will yet transfer them to tenants by expanding rents.
What increases can we anticipate in practice?
Electricity and gas costs: The increase in electricity and gas prices since July 2024 has caused monthly bills to increase by 20% on average. Real property owners who usage these media to heat will gotta compensate for these increases, expanding rental rent.
New CO2 tax: This taxation will straight affect the cost of heating housing. The owners of single-family homes, which have so far borne full costs related to CO2 emissions, will now gotta include this expenditure in their calculations. As a result, rents will increase and tenants will feel it in their wallets.
Examples of possible increases
To illustrate how much costs can increase, we present examples for different types of properties:
- Apartment 50 m2: Average rent increase of 100-150 PLN per month.
- Single household home 150 m2: The rent increase can scope from PLN 200 to PLN 400 per month, depending on the way the building is heating and insulation.
How to prepare?
- Verification of the lease agreement: It is worth paying attention to the rent increases. Under the regulations, owners must notify tenants of the changes in good time. Make certain you have a rent increase clause in your contract in case of changes in the cost of living.
- Investments in energy efficiency: Property owners may consider investments in the modernization of the building, specified as wall insulation, window exchange for more energy-efficient, or installation of photovoltaic panels. This will reduce heating costs and reduce rent in the long term.
- Comparison of offers on the rental market: Renters should monitor the marketplace on an ongoing basis, comparing rental offers. It is worth paying attention to additional costs, specified as media and heating charges, which can importantly affect the monthly rent.
Dramatic increases in the cost of surviving housing and homes are inevitable. Increases in electricity, gas and the fresh CO2 taxation will make real property owners forced to transfer these costs to tenants. Preparing for these changes by both owners and tenants is crucial. Investments in energy efficiency and close tracking of the rental marketplace can aid mitigate the effects of these increases.
Be a conscious tenant and owner! Take care of your finances and do not be amazed by changes.
Continued here:
You rent an flat or a house? Prepare for drastic increases from 1 August
