Number of apartments delivered in 2023 fell 7.6% y/y

The number of apartments completed in 2023 decreased by 7.6% y/y to 220,379, according to the Central Statistical Office (GUS). In December 2023 alone, there were 20,772 completions, marking an 11.7% y/y decline but a 9.9% m/m increase. Out of the total figure, developers completed 13,557 apartments (the remainder being delivered by individual investors), indicating a 2.9% y/y decrease. The preliminary data for 2023 reveals a total of 220,400 completed apartments, reflecting a 7.6% decrease from 2022. Developers delivered 136,539 apartments (a 5.2% y/y  decrease), while individual investors completed 79,600 units (a 12.3% y/y decrease).

The total new apartments included 98.1% from developer and individual investor projects.

Source: inwestycje.pl