Best year for resi developers

One of the most important incentives stimulating sales at the end of last year were the changes to the ‘Apartments for the Young’ programme, which added to the incentives for large families and extended the beneficiaries to secondary market buyers. “In all the cities surveyed, the proportion of such applications in the number of apartments sold went up. Concerns that the pool of subsidies could run out as a result of the competition from secondary market buyers was one motivating factor behind this. The participation of 3+ families was also significant, according to BGK’s data, submitting eighteen times more applications for subsidies than in the first eight months of 2015,” comments Kazimierz Kirejczyk, the president of the board at Reas. Record high sales The data collated by Reas confirms the high level of sales for developers. The majority of companies finished the year with higher sales, while some companies enjoyed the