Pomeranian plans

Morena Park and Parkur II, Invest Komfort's two residential projects in Tri-city, have been completed and nearly all of the apartments have already been sold. The developer, one of the largest active in the Pomerania region, plans further investments in the area.

Both Morena Park (in Gdańsk) and Parkur II (Sopot) boast excellent locations. They are situated close to their respective city centers, but inhabit quiet, green areas. In addition, the Parkur II development is just a few hundred yards from the sea. "As a developer, we put a huge emphasis on location," said Piotr Tarkowski, the spokesperson for Invest Komfort.

Perversely, the projects' highly attractive locations may be one of the reasons why many of the apartments remain empty, despite the fact that the vast majority of them have been sold. Given the situation on the residential market over the last two years, a great number of people have bought apartments as an investment, rather than a home, according to Tarkowski.

"The prices of apartments in prime locations are still going up, so some people may hold on to [the ones they bought in Morena Park and Parkur II] with the aim to sell them in the future," he added.

While it is hard to judge exactly how many apartments have been purchased as investments, looking at the secondary market gives some clue. "[This] could be a good indicator, we can see between 15 to 20 percent of apartments for both Parkur II and Morena Park appearing on the secondary market," said Tarkowski. In addition, Parkur II has been popular among buyers from other cities, with around 40 to 50 percent of apartments having been bought as vacation apartments.

Invest Komfort is currently developing its flagship project Sea Towers, a 138-m skyscraper, as well as the Wzgorze Fosza residential complex in Gdańsk. It also plans to start two unnamed seaside investments, for which it is in the process of organizing building permits.