Developer Develia cuts sales target for 2022 by 30%

Develia lowered its target for apartment sales in 2022 to 1,600 - 1,800 units compared to 2,300 - 2,450 units forecasted in January. In the second quarter, the company sold 363 units, which is 25% less than a year ago.

“We are facing many challenges, most of all the further increase in interest rates…