Robust sales of apartments in August in major markets

Over 4,500 apartments were sold in Poland by developers in August this year. These sales took place primarily in eight markets: Katowice, Kraków, Łódź, Poznan, Szczecin, the Tri-City, Warsaw and Wrocław. In the same month last year, developers found takers for less than 3,900 units. This is according to analysis by the consulting company redNet Property Group. In Warsaw alone, more than 1,600 apartments were sold in August, up 28 percent from last year. In Wrocław developers found buyers for 802 units, 43 percent more than a year earlier. In Łódź, developers saw their results improve by 54 percent, selling 180 flats in August compared to 117 last year. However, in Kraków, August sales (903 apartments) were 1 percent lower than last year. “From January to August this year, developers sold 38,700 apartments. In the same period last year, 31,000 units founds new owners. Sales grew 24.6 percent,” said Katarzyna Nikisz, an analyst for redNet Property Group.