Developers focus on smaller towns

The demand for flats in smaller cities and towns outside the largest agglomerations is growing. According to the data from the Central Statistical Office of Poland (GUS), their share in the commenced development investments remained at the level of approx. 30 percent. Last year, this ratio increased to 38 percent, and in the period January-September this year, it was as high as 47 percent. CBRE experts indicate that the trend of the growing popularity of smaller cities is influenced, among others, by the fierce fight of developers for land in agglomerations and the popularization of remote work.
"Developers are fighting for future buyers of their real estate not only in the largest cities. More and more often, also in smaller towns, it is possible to live in a modern multi-family building. Buyers choose premises outside the largest cities because it guarantees them greater peace and a lower price. This is clearly visible, especially this year. The trend of suburbanization, i.e. the development of housing infrastructure in suburban areas, has intensified. Employees who know that they may appear in the office less frequently, more often consider buying a flat or a house in a smaller town with good access to larger towns," Agnieszka Mikulska, a housing market expert at CBRE, said.
(WBJ)