The plot thickens
Residential
Residential developers have recently announced a number of large land purchases in Warsaw, while in Prague the demand for residential development sites now considerably exceeds the supply. Therefore ‘Eurobuild CEE’ has decided to take a closer look at the situation on the land market
It has been a long time since apartment sales in Poland have been so good. The latest semi-annual results published by residential developers have broken recent records. The main Polish players, including Robyg, Ronson Development, Marvipol, Inpro ,Dom Development and Murapol, are all boasting high sales figures, each seeing increases of a least a dozen per cent compared to H1 2013. However, residential consultancy Reas has reported that the combined volume of transactions in the six largest conurbations (Warsaw, Kraków, Wrocław, TriCity, Poznań and Łódź) has actually decreased by app. 6 pct compared to Q1 2014, down to less than 10,400 sqm. “In spite of this, a record number of transactions has been concluded for the fourth quarter in a row, something that has not been seen on the Polish market since the boom years, i.e. the beginning of 2007,” a report by the consultancy reads. According to Reas, developers have also increased the number of apartments put on sale i
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