Coming homes

a few dedicated anglers were lazily casting their lines in the picturesque ponds in Chyliczki, near Konstancin-Jeziorna outside Warsaw. But it might prove to have been their last chance to catch any fish there, as it has been chosen as the site for the development of luxury residences. The new owner of the 70.5 ha plot is Quinlan Private Golub.

 Attractive in the south

 The same price

 The need to learn

   But we try to have finished houses up for sale at all times. We are learning how to build them, what the requirements of customers really are and we are keeping our finger on the pulse to be ready when the market starts to blossom.”

Dom Development is about to start the II stage of the small and cosy Wille Laguna estate in Ursynów on ul. Pulawska and ul. Jagielska. 85 houses were constructed in the first stage and a further 24 in the next stage. The plot is not, however, covered by a spatial development plan.

Darek Karbowniczak of Ober-House sums up the present situation: “Many investors approach us, interested in buying land for single-family construction. At the moment these are only discussions, identifying possibilities and not specific decisions to start any developments. This segment of the market will get off the ground in Warsaw and its suburbs within one or two years. But the home market in regional cities is still some 10 years behind that of Warsaw.”

   Ewa Andrzejewska

Will housing estates turn out to be another gold mine for developers? Investors have also noticed that this neglected segment of the residential market is hotting up