Own homes for families, profits for developers

Stability and improvementOne of the biggest companies in the sector, Dom Development, sold around 370 apartments in Q1 - slightly less than in the same period in 2011, when 399 apartments found buyers. Polnord also registered a decrease: after selling 289 apartments in Q1 2011 it saw this figure fall in the first three months of 2012 to 266 apartments. Robyg, however, has seen a small improvement in its sales results - from ?292 apartments sold in Q1 2011 to 301 in the same period this year. "In the first quarter of 2012, J.W. Construction Holding sold 206 apartments. Taking into consideration that we are currently in a wait-and-see situation on the market, we decided not to extend our offer with any new residential projects and concentrated instead on the preparation of projects that will secure our sales when the market revives," reveals Tomasz Panabażys, vice-president of the management board of J.W. Construction Holding. The company has instead been increasing its operations on th