Over half of apartments are purchased from developers

Developers hold nearly a 52% share in the housing market in Poland, according to the latest Eurostat data, almost a record high in Europe. The preference for new apartments is driven not only by higher standards but also by the shortage of properties in Poland. Only in two small countries (Malta and Cyprus) do new homes account for a larger share of the housing market. In Estonia, nearly 44% of housing expenditure goes to developers, while in countries like Lithuania, Greece, Bulgaria, and Romania, developers have a market share exceeding one-third. This trend contrasts with countries like Denmark, where developer sales remain minimal, indicating Poland's unique demand due to housing shortages, Bartosz Turek, chief analyst at HREIT concluded.

Source: WBJ