Party like it’s 2008

During the first three quarters of 2019, most analysts were predicting a continuation of the previous year’s trend of slowing sales with a possible increase in profitability. However, the closer it came to the end of the year, the quieter the gloom-mongers became. As it turned out, most developers sold more apartments than in 2018, and the handful that did not could mostly be interpreted as isolated blips that said nothing about the general health of the market. Together, the eighteen listed residential developers registered a total of 26,264 apartments sold – almost 1,000 more than a year earlier. The news keeps getting better Let’s start with the sales figures, which give us a few reasons to be cheerful. Dom Development, which sold 3,661 apartments last year (1.6 pct more y-o-y), was able to hold on to first place among the stock exchange listed residential developers. According to the company, despite the fact that a large number of clients made cash transactions