Budimex sold 239 flats, transferred 419 in Q2 2018

Budimex pre-sold 239 apartments in the second quarter of 2018 compared to 494 a year earlier, and notarial sales amounted to 419 apartments versus 483 in the second quarter of 2017, the company said.

In the first half of 2018, the pre-sales amounted to 509 flats. In the corresponding period of the previous year, it amounted to 886. The decrease is the result of prolonged administrative procedures related to issuing building permits for new housing estates, while the number of flats sold by a notary deed in the discussed period was 1,107, compared to 892 in the first half of 2017.

Budimex has been listed on the Warsaw Stock Exchange since 1995. Its strategic investor is the Spanish company Ferrovial. In 2017, it posted PLN 6.37 billion in consolidated revenues.

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