13:08 4 July 2020
Develia reports sales of 112 premises in Q2 2020
Developer Develia sold 112 premises in the second quarter of 2020 compared to 287 a year ago, according to the company's announcement. The company transferred 61 units in the last quarter as well, compared to 510 a year earlier.
"Due to lockdown and high uncertainty regarding the development of the situation, sales at the beginning of the second quarter slowed down. In April Develia recorded negative sales (minus 7 premises), because it was difficult to run almost any business activity, and customers were worried about the future and withheld decisions regarding the purchase of an apartment," Paweł Ruszczak, acting president, said.
He added that In the following months, as the economy thawed, the situation began to return to normal. In May, sales were 40 apartments, while in June 79, which means an upward trend, but customers are still cautious in making decisions.
In the second quarter, the company also concluded 38 reservation contracts, the transformation of which into development contracts is planned in the next period.
(PAP)
