Revival in condohotel segment
schedule 10 July 2015
Almost 1,000 apartments were built in condohotel projects in 2014 and more than 1,500 are planned for 2015. According to REAS’ research, the prices of holiday apartments are very varied, ranging from a PLN 4,000 to PLN 23,000 per sqm net. The most expensive are located in Warmia and Masuria and the cheapest are on the coast. A revival in this market segment was particularly evident in 2010–2012. Many factors have been influencing the growth of the condohotel property segment. One of the most important has been developers looking for a suitable niche as sales plummeted on the traditional residential market. Predictions of an increase in the number of tourists travelling to Poland for Euro 2012 also had an impact on the growth of interest in the condohotel segment. However, it needs to be emphasised that due to the small size of the market, the investment decisions of just a handful of developers had a considerable influence on the scale of the supply.
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