PL

Poland Housing market tightens

Residential
The residential market’s third-quarter performance was markedly weaker than the first six months of 2021, both in terms of sales and new supply, according to the Residential Market in Poland - Q3 2021 report by JLL.

Developers operating in Warsaw, Kraków, Wrocław, the TriCity, Poznań and Łódź put 13,800 units on sale, 13 pct fewer than in the previous quarter. Although sales of 15,000 units were 23 pct lower q-o-q, they were still higher than new units begun, which has now been true for three successive quarters. The new units available on the market in these cities dropped to 36,600, 26 pct lower than a year ago. Poland’s inflation rate continues to rise and is encouraging new buyers to purchase now. While it is clear that the limited supply and rising prices are increasingly reducing sales, developers still managed to sell 54,000 units over the first three quarters of the year, which is more than 1,000 more units than were sold throughout 2020.

Buyers are looking for security for their savings through property purchases, but also for improved housing for fear that more pandemic restrictions will be imposed. On the other hand, disruptions to supply chains have increased the cost of building materials, and public administrations inefficiencies have limited supply. In such a situation, it is extremely difficult for developers to set sales goals and plan their budgets and their attempts to mitigate these risks result in projects being launched at higher and higher prices,
Aleksandra Gawrońska, head of residential research at JLL.

Unit prices in newly launched projects in Wrocław rose the fastest, up by 23 pct q-o-q and average prices are now more than PLN 10,000 per sqm representing a 16 pct rise y-o-y. The highest rise over the year was recorded in Łódź at 18 pct while the TriCity saw the smallest rise at just 9 pct. The number of units on sale in all six cities has decreased with Wrocław seeing the largest fall of 42 pct with only 5,400 new apartments on sale. A large 34 pct drop can also be seen in Warsaw. Given the pace of sales over the last twelve months, all the new apartments currently on sale could well sell out in around five months if new developments were not to come onto the market.

Latest news

Warehouse & industrial

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schedule 23 May 2022
Opr./edited by NN

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Warehouse & industrial

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schedule 23 May 2022
Opr./edited by NN

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Investment & finance

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schedule 23 May 2022
Nathan North
deputy editor

Czech fund Investika realitní fond and Luxembourg-based private investment company Bud Holdings have acquired Tensor Office Park in Gdynia for an undisclosed sum.

Warehouse & industrial

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schedule 20 May 2022
Opr./edited by NN

Construction work has started on Panattoni Park Grudziądz in Poland’s northern Kujawsko-Pomerania region. The park will comprise almost 70,000 sqm of warehouse and industrial space.

Construction

POLAND Atlas Ward starts work on Szczecin sheds

schedule 20 May 2022
Opr./edited by NN

Atlas Ward Polska has started work on two logistics parks with a total area of over 70,000 sqm on the eastern outskirts of Szczecin for Panattoni.

Retail & leisure

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schedule 20 May 2022
Nathan North
deputy editor

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schedule 19 May 2022

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schedule 19 May 2022

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Office & mixed-use development

Poland Alpha opens in Gdańsk Airport City

schedule 19 May 2022

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Office & mixed-use development

Poland Intraco Prime completed

schedule 19 May 2022

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Office & mixed-use development

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schedule 19 May 2022
Opr./edited by NN

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Warehouse & industrial

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schedule 19 May 2022
Opr./edited by NN

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Green projects

POLAND Panattoni ‘Excellent’ for the second time in 2022

schedule 19 May 2022
Opr./edited by NN

A BREEAM ‘Excellent’ certificate has been awarded to DHL Supply Chain’s distribution centre developed by Panattoni in Żerniki near Poznań – the developer’s second such certificate at this level this year and the fourth to be issued in Poland for an industrial facility.

Green projects

POLAND Ghelamco starts work on PV farms

schedule 18 May 2022
Opr./edited by NN

Ghelamco has launched the construction of its own photovoltaic farms, with which the developer intends to energy neutrality for its Polish buildings by 2024.

Warehouse & industrial

POLAND Maersk to move into 7R Łódź East I

schedule 18 May 2022
Opr./edited by NN

Danish logistics giant Maersk has leased 18,500 sqm of warehousing with offices in 7R Park Łódź East I.

Office & mixed-use development

POLAND Majorel expands in Globis Poznań

schedule 17 May 2022
Opr./edited by NN

Call centre specialist Majorel Polska has extended its lease and taken up an additional 400 sqm in the recently refurbished Globis Poznań building, which is owned by Globe Trade Centre.

Warehouse & industrial

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schedule 17 May 2022
Opr./edited by NN

Israeli-owned drugstore chain Super-Pharm has extended its tenancy and expanded its area by another 12,600 sqm of warehouse space in Prologis Park Teresin, about 50 km west of central Warsaw.

Retail & leisure

HUNGARY Last Stop Shop unit taken

schedule 17 May 2022
Opr./edited by NN

Immofinanz has just leased the last free unit in its Hungarian Stop Shop portfolio of retail parks, bringing its occupancy up to 100 pct.

Public buildings

POLAND Dobra 55 ready for students

schedule 17 May 2022
Opr./edited by JC

The second stage of the University of Warsaw’s Dobra 55 building has been completed. The scientific and didactic building is the largest investment in the university’s long-term development programme, whose budget amounts to app. PLN 1 bln.

Warehouse & industrial

POLAND Langowski lingers for longer in Pruszków

schedule 16 May 2022
Opr./edited by NN

Polish freight forwarding specialist Langowski Logistics has leased 7,500 sqm of additional warehouse space in Panattoni Park Pruszków II, on Warsaw’s western outskirts.

Latest in Residential

schedule 25 April 2022

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schedule 21 April 2022

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schedule 12 April 2022

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schedule 01 April 2022

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schedule 16 March 2022

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schedule 15 March 2022

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schedule 03 March 2022

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schedule 28 February 2022

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schedule 03 February 2022

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schedule 20 January 2022

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schedule 11 January 2022

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schedule 30 December 2021

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schedule 27 December 2021

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schedule 30 November 2021

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schedule 09 November 2021

Housing market tightens

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schedule 08 November 2021

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schedule 28 October 2021

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schedule 06 October 2021

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schedule 20 September 2021

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schedule 02 September 2021

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