Dom Development sells more than 1,000 apartments in H1
Residentialschedule 09 July 2015
POLAND In H1 2015 Dom Development found buyers for 1,065 residential units, with 467 being sold in Q1 and 598 in Q2. This represents a growth of 20 pct on the same period in 2014.
“The March reduction in the interest rate to the historically low level of 1.5 pct has given an additional boost to the residential market. The low cost of money means buyers have a higher debt carrying capacity on the one hand and on the other hand is encouraging people to move their savings from deposits with low interest rates into real estate investment. The low rates are affecting both these groups in a similar way, thanks to the proportion of ‘cash’ and ‘mortgage&rs
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