Real estate
22:06 22 September 2020
Post by: WBJ

Every third person planning to buy apartment changed these plans

Every third person planning to buy apartment changed these plans
Source: Pixabay

The epidemic and the related economic turmoil influenced the decisions and housing expenses of Poles. Already 17 percent of those planning to buy real estate had to change their plans. One in three people gave up on them at all, and 65 percent postponed the expense, according to a CBRE study. Changes in the decision are also visible in the decline in apartment sales, which in the largest cities reached 37-55 percent. The coronavirus also affected the cost of maintaining a flat or house. Over a quarter of Poles noticed that they are currently higher than before the outbreak of the epidemic.

"The uncertainty related to the coronavirus influenced Poles' tendency to spend large sums. We will have to wait awhile for the increased demand for flats. Especially since most respondents expected price drops, which have not occurred so far, and in some cities the amounts have even increased slightly. it may turn out that there will be no such discounts at all, especially in the best locations in large cities. However, we expect that after the downtime caused by uncertainty on the market, Poles will return to the implementation of their abandoned plans and interest in apartments will slowly return,” Marcin Jański, leader of CBRE's alternative real estate and investment land departments, said.

"The massive phenomenon of remote work forced Poles to invest more in adapting workplaces at home, and also to spend more on energy and other products, which were provided by the employer during the week before the pandemic," Agnieszka Mikulska, expert in CBRE's housing department, added.

(WBJ)


poland
cbre
agnieszka mikulska
housing expenses

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