Budimex sold 1,079 flats in H1

Budimex, one of greatest building comapies in Poland, sold 1,079 apartments without reservation between January and June 2015. The developing activity and property management branch reported a net profit of PLN 26,73 million and a profit from sales of PLN 138,55 million. Last year it equalled PLN 25,74 million and PLN 196,75 million respectively.   Moreover, the company expects a continuation of this market tendency from the first half. Such a good market situation is due to low interest rates and therefore relatively cheap credits. Another incentive for potential flat purchasers are the surcharges on the first flats based on the programme Apartments for the Youth, the comany informed in the statement. Budimex is one of the largest comapies on the bulding market and is listed on the Warsaw Stock Exchange since 1995. Some of the companies belonging to the group are: Budimex immovables and Mostostal Kraków.