Real estate
21:00 24 January 2021
Post by: WBJ

In 2020, biggest number of apartments built since 1979

In 2020, biggest number of apartments built since 1979
Source: Photo by Fallon Michael on Unsplash

According to HRE Investments, despite the turmoil associated with the epidemic, housing construction set two records in 2020 that cannot be ignored. First, from January to December, a total of almost 222,000apartments were built in Poland.  This result is 7 percent better than in the already good 2019. If that was not enough, last year's result is the highest in 41 years, i.e. from the end of the so-called era of Gierek. Back then – in 1979, 278,000 apartments were built in Poland. After the war, Polish builders managed to hand over more keys to new properties only once. The record was set in 1978. At that time, almost 284,000 flats were built in Poland.

The year 2020 also brought another historic record that cannot be ignored. The total number of apartments and houses in Poland for the first time exceeded 15 million. And although there is a lot to celebrate, it is still only a step on the way to the European housing standard. Reason? In Poland, still almost half of the people aged 25-34 live with their parents. Eurostat data also show that we have much fewer rooms at our disposal, or that there are much fewer meters per head than in the West. In these cases, the EU averages are even by half higher than in Poland.

"The year 2020 also ended with a positive balance regarding the number of building permits issued. Despite the epidemic difficulties in issuing these administrative decisions, the statistics for 2019 were still improved. In the entire market, the number of permits increased by 2.8 percent," Bartosz Turek, chief HRE Investments analyst, noted.

(WBJ)







apartments
hre investments
bartosz turek

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