A queue for residential plots
schedule 12 February 2024
Recently, there have been major changes on the investment land market. The expectations of plot owners are still high, however nowadays, buyers are willing to pay more for plots that are prepared for the construction of multi-family housing projects. When an attractive plot of land comes up for sale, there are many people willing to buy it. Developers are actively looking for land because the demand for apartments, stimulated by government subsidies, is not decreasing and the market offer of new apartments is becoming increasingly meagre.
At the same time, the slowdown in the warehouse sector means that the prices of land for large logistics projects do not grow as dynamically as in the case of housing. Less investor activity in this area is the result of a decline in demand for space and the withdrawal of a large number of tenants from preliminary agreements, which were not finalized last year. The number of new warehouse projects has recently decreased by more than half.
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