Sales of apartments in the six largest Polish markets increased by 1 percent y/y to 65,400 in 2019, results from JLL data show.
Experts from the consulting company estimate that this year's sales result may be close to that of 2019 while maintaining the upward trend in prices.
“Annual sales figures turned out to be better since 2018 and this is a bit surprising because after Q3 nobody expected such an increase,” Katarzyna Kuniewicz, the director of the Housing Market Research Department, said.
The value of sales in 2019 was estimated at PLN 30.1 billion – the highest in history (compared to PLN 28.3 billion in record-breaking 2017 volume and PLN 27.3 billion in 2018).
Developers operating in the six largest Polish cities sold a total of 17,600 units in the fourth quarter of 2019, which is 9 percent more than in the previous quarter.
“We are optimists that it is possible to approach the results of last year while maintaining the upward trend in prices,” Kazimierz Kirejczyk from JLL added.