Articles
Conscious growth in a demanding market. Royal Space and the real estate market in 2025
The year 2025 marked a clear pause for the real estate market. After several years of dynamic growth, pandemic-driven uncertainty, and costly financing, the market entered a phase of stabilization — calmer, yet significantly more demanding. It was a year in which emotions gave way to calculation, and decisions to reflection. The market stopped rewarding haste and scale. It began to favor quality, selectivity, and real value.
Our results in 2025
Under these conditions, Royal Space closed 2025 with clear yet conscious growth. We developed consistently, without pressure to expand at any cost, focusing instead on team competencies, specialization, and service quality — which for our clients translated into greater process predictability, better advisory support, and higher security in decision-making.
The past year was record-breaking for the company in terms of scale and operational efficiency. We completed a total of 523 transactions, including 398 rentals and 125 sales, serving both individual clients and investors in the premium real estate segment. This operational scale confirmed the stability of our processes and the team’s ability to perform in a demanding market environment.
In 2025, we also significantly strengthened our organizational structures. Experienced agents joined the team, and the back office was expanded and streamlined, which directly translated into more efficient transaction handling, better sales coordination, and faster responses to client needs — particularly in the premium segment, where precision, timing, and full process control are essential.
Notable progress was also recorded by the Royal Space Warsaw office. Despite its boutique structure, the team is now well recognized in the local market and effectively serves high-net-worth clients and properties in the capital’s top locations. For clients, this means real access to the best listings, strong local expertise, and a consistent service standard regardless of the city.
In 2025, generated turnover increased by 38.12% compared to 2024. This result was not an end in itself, but rather a natural outcome of consistently built processes, sound market decisions, and long-term relationships with clients who entrusted us with the sale, purchase, and management of their properties.
What was happening in the market in 2025?
PRICE STABILIZATION
Stabilization instead of the race
Data from 2025 clearly shows that the pace of housing price growth has slowed. In both the primary and secondary markets, prices remained relatively stable, with local corrections in projects that did not align with buyers’ real expectations. Average transaction prices per square meter in Kraków and Warsaw moved within a narrow range. Warsaw remained the more expensive market, but without any further “price runaway.” The market stopped accepting growth for growth’s sake — prices had to be justified.
Rental market
Normalization after years of pressure
After a period of very dynamic rent increases, 2025 brought a long-awaited normalization of the rental market. Asking rents stabilized, and in some locations increased competition on the supply side became visible. At the same time, wage growth began to realistically catch up with rental costs, restoring a more balanced relationship between incomes and housing prices. For investors, this was a clear signal: the rental market ceased to be an automatic source of above-average returns and began to reward quality, location, and service standards.
PRIMARY MARKET
Selection instead of pressure
In 2025, developers’ approach also evolved. In many projects, greater pricing flexibility became evident, particularly where sales liquidity was a key consideration. At the same time, developments with a unique character — in prime locations and with limited supply — effectively defended their value. The market clearly showed that scale alone was no longer an advantage. What mattered were concept, quality, and genuine alignment of the product with buyers’ needs.
CREDIT DEMAND
A cautious return to the market
The second half of 2025 brought a gradual revival in mortgage lending. A decline in interest rates improved access to financing and encouraged some buyers to return to the market. However, this was not an impulsive comeback. Purchase decisions were far more considered than during the boom years — clients carefully analyzed costs, scenarios, and long-term consequences.
premium segment
A year of truth
In the premium real estate segment, 2025 was a particularly selective year. Properties that were underwhelming in quality or overpriced quickly lost buyer interest. At the same time, the best-located, move-in-ready, and carefully designed properties found buyers — often faster than overall market sentiment would suggest.
It was the moment when the market clearly defined what premium truly means: not size and price, but coherence, quality, and well-founded investment potential.
Rental management – stable year-over-year growth
The RS. Management division was one of the most stable pillars of Royal Space’s operations in 2025. A month-by-month analysis shows that every month of 2025 outperformed the corresponding period of the previous year. On an annual basis, this translated into approximately 40% year-over-year growth, driven by the consistent expansion of the managed property portfolio, shorter vacancy periods, and active responses to changing market conditions — rather than one-off events. By year-end, the RS. Management portfolio included 190 apartments under active management.
The year 2025 confirmed that rental management is now an active and demanding process. In practice, this translates into tangible benefits for property owners:
- shorter vacancy periods, even under conditions of rental market normalization,
- more stable rental income, based on realistic market rates,
- higher-quality tenants, thanks to a selective process and proper listing positioning,
- lower operational risk, resulting from ongoing responses to market changes,
- long-term protection of property value, particularly in the premium segment, where service standards have a direct impact on perceived asset value.
RS. Design – qualitative growth and growing client trust
For RS. Design, 2025 marked another stage of mature development. The value of completed and ongoing projects increased by over 60% year over year, driven not by a higher number of projects, but by increasingly frequent involvement in higher-standard and more complex assignments.
RS. Design operated both as an independent design studio and as an integral part of the Royal Space ecosystem, supporting clients at various stages of working with real estate — from concept, through execution, to the final result. This collaboration model translates into tangible benefits for clients:
- process consistency — design, budget, and execution remain under one informed and cohesive control,
- better design decisions, taking into account not only aesthetics but also functionality and the property’s future value,
- lower cost and execution risk, thanks to experience in coordinating higher-standard projects,
- a higher level of detail refinement, which in the premium segment has a real impact on project perception and longevity,
- a flexible scope of cooperation, allowing the working model to be tailored to the needs of an investor, owner, or developer.
SCORES
Agents of the year 2025
Behind these results are specific people. Advisors who consistently built client relationships and successfully led transaction processes in a demanding premium market.
Agents of the Year 2025:
- 1st place – Patryk Krzak
- 2nd place – Szymon Przybyś
- 3rd place – Gabriela Czyż
- 4th place – Arek Gaweł
- 5th place – Joanna Semik
In parallel, Royal Space was repeatedly awarded the title of Otodom PRO Real Estate Leader, placing among the very top real estate agencies in Poland.
The year 2025 was a period of organizational maturity, process refinement, and conscious growth for Royal Space. We operated in a market that required selectivity, sound analysis, and real value — both in the offerings themselves and in advisory services.
The past year confirmed that growth does not have to mean expansion at any cost. Team quality, specialization, and the ability to integrate sales, management, and design into one cohesive process proved to be key. 2025 laid a solid foundation. We are building the next stages with the same consistency, responsibility, and attentiveness to the evolving realities of the market.