Budimex sold over 1,000 flats in H1

Budimex, one of biggest building companies in Poland, sold 1,079 apartments 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 of the year. The favorable 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 Apartments for the Youth program, the company informed in the statement. Budimex is one of the largest companies on the construction market and has been listed on the Warsaw Stock Exchange since 1995. Some of the companies belonging to the group are: Budimex Nieruchomości and Mostostal Kraków.