Aparthotels increasingly popular in large cities – report
15:50
A total of approximately 2,500 apartments sold in the condo system are expected to be developed in the largest cities across Poland within the next two to three years, according to a recent report by InwestycjewKurortach.pl, an industry website. Currently, the most condo apartments (almost 1,000) are under construction or in the pipeline in Warsaw, but Gdańsk (556), Kraków (361) and Wrocław (210) have also attracted projects of this kind, the study said. Aparthotel schemes are now also being planned for cities including Łódź, Lublin and Częstochowa. Until recently, condo apartments in Poland were mostly developed in popular tourist destinations across the country. However, this has now changed, with the condo market in large cities expected to match in size the condo market on the Baltic coast and in the Polish mountains in the next two-three years. According to Marlena Kosiura, an expert from InwestycjewKurortach.pl, this is largely due to residential developers having started perceiving the condo sector as a new market outlet for their apartments. On the other hand, condo apartments have emerged as a new alternative investment opportunity in the property market. The increasing number of aparthotel projects in cities is a sign of the ongoing professionalization of the market, Kosiura said.
