20:08 28 April 2026
Atal’s president addresses whether developers make too much money
Zbigniew Juroszek, head of Atal, argues that rising housing prices in Poland reflect economic growth rather than excessive developer profits. He says wages are now comparable to Southern Europe, while higher land prices result from urban development and improved construction standards. He rejects claims of excessive margins, noting net profits are around 18% and justified by risks. Juroszek believes the housing market is stable and can function without government aid, warning that poorly designed programs can distort demand.
Investment purchases, often labeled speculative, are seen as positive capital retention. Overall, he expects continued market strength if policymakers avoid unnecessary interference.
