Locked content Atal sells 1800 units in Q1-Q3 2018

Developer Atal recorded consolidated profit assigned to shareholders of PLN 166.72 million in Q1-Q3 2018, compared to PLN 132.67 million in the corresponding period of last year. Consolidated revenue reached PLN 878.49 million (vs PLN 647.1 million in Q1-Q3 2017). “Between January and September 2018...

Residential sector on the rise – GUS

At end-October, the number of dwellings on which construction has started increased by 9.5 percent y/y to 194k, according to data released by the Central Statistics Office (GUS). Out of that number, 112.6k houses are being built by developers and 77k by individual investors.

Residential market overheating

Apartment prices are soaring at the highest rate since 2007. How long can the demand continue? Developers seem to be aware that the growth is bound to slow down, as they have already started curbing their construction plans

Apartment prices up 7.5% y/y, highest growth in years – expert

Prices for apartments sold by developers in Poland’s six biggest markets increased by some 7.5 percent between April 2017 and April 2018, according to an analysis prepared by RynekPierwotny.pl for PAP. This is the quickest price surge observed over the past few years. “Since the beginning of the boo...

Residential real estate prices grew in Q4 – NBP

Residential real estate prices in Poland’s seven biggest cities on the primary market increased in Q4 in y/y terms but dropped q/q, central bank NBP data showed. At end-Q4 2017, the average price of sqm on the primary market amounted to PLN 7,112, while in Q4 2016 it stood at PLN 6,800, while ...

Residential market booming, in perfect balance – Reas

The residential sector in Poland continued to put up a very strong performance in the third quarter of this year with a total of approximately 17,500 new apartments having been sold in the six largest markets in the country – Warsaw, Kraków, Wrocław, the Tri-city, Poznań and Łódź – in the period, ac...

Apartment construction soars in H1 – GUS

In June, developers launched construction on 22,364 apartments, a 27.3 percent increase year-on-year and 2.5 percent increase month-on-month, statistics office GUS said. In the same month, 14,373 apartments were delivered (a 22.8 percent y/y and 13 percent m/m increase) and permits for 24,028 apartm...

Locked content Vantage buys plot in Wrocław to build 300 apartments

Developer Vantage Development concluded a preliminary purchase agreement of the perpetual usufruct rights to the property located in Wrocław’s Stabłowice district. It consists of about 2.3 hectares of built-up areas for a total price of PLN 8.75 million, Vantage said. The sales agreement shoul...