Residential market according to JLL experts in Q2 2023

A total of more than 15,400 new apartments have found their buyers in the country's six largest markets. Unfortunately, as of today, we do not know exactly how many of these apartments have been reserved or bought to take a loan with government subsidies. What we do know, however, is that the very fact that the program came into effect caused the remaining buyers to return to the housing market, mobilized by rising prices and shrinking offerings.

"The largest quarterly increase in sales occurred in the Tri-City, where almost 2,500 apartments were sold. Poznań is also noteworthy, with an almost 50 percent quarterly increase (1,500 apartments sold). Developers also achieved a similar sales result to Poznań in Łódź. In other markets, quarterly sales growth ranged from 25 percent in Krakow to 33 percent in Wroclaw. Likely, the sales peak is yet to come and the next quarter's result could be even better, assuming that interest in the government program remains high and, above all, there are enough apartments on offer," Aleksandra Gawrońska, Head of Residential Research, JLL, said.

(WBJ)