Warsaw Stock Exchange-listed residential developer Ronson Development has revealed that it has already sold 95 percent of the apartments offered in the first three phases of its City Link project in the Wola district of the Polish capital with over 70 percent of the purchases having been made for investment purposes. By comparison, such purchases account for an average 30 percent of transactions in the new apartments market in Warsaw, noted Andrzej Gutowski, the marketing and sales director at Ronson Development.
Wola has become one of the most popular residential locations in Warsaw in recent years for reasons including its proximity to the city center and the ongoing development of the second subway line. Some 3,300 apartments were completed in the district in 2016. The City Link scheme is located at the intersection of Wola’s ul. Skierniewicka and ul. Wolska. The first two phases of the development have already been completed with the third phase scheduled to be ready in Q4 2018 and the fourth one in Q3 2019.