Murapol, one of Poland’s leading residential developers, reported total net sales of 2,234 apartments in the first three quarters of 2024. This figure includes development contracts, preliminary agreements, and paid reservations after accounting for cancellations. Sales were marginally higher than the 2,229 units sold during the same period last year, the company announced.
In the first nine months of 2024, Murapol handed over keys to 1,720 units, a decrease compared to 2,234 handovers during the same period in 2023. The company signed 2,084 development and preliminary agreements, a slight increase from 2,076 in the previous year, representing a 0.4% rise.
During the third quarter alone, Murapol signed 692 development and preliminary agreements, compared to 734 in the same period of 2023. Additionally, 150 units were covered by paid reservation agreements as of the end of September, down slightly from 153 in the same period last year.
Despite the slight dip in unit handovers, Murapol expects to accelerate key transfers in the fourth quarter, aiming to meet its annual targets.
Between January and September 2024, Murapol introduced 3,194 new units to the market across 11 cities, including major urban centers such as Krakow, Wrocław, Łódź, Poznań, Gdańsk, and the Silesian Agglomeration. Notably, the developer expanded into a new location, Lublin, contributing to a 22.1% year-on-year increase in its offering. As of the end of September, Murapol’s portfolio included 4,736 units available for sale in 16 cities.
Murapol’s project pipeline remains robust, with 8,684 units under construction across 114 buildings in 15 cities, including 7,321 units in the retail segment and 1,363 units in the private rental sector (PRS). The company also maintains a substantial land bank, supporting the future development of nearly 22,000 units with a total usable area of approximately 946,000 square meters across 19 cities.
President Nikodem Iskra expressed optimism about Murapol’s sales performance, despite challenging market conditions and high interest rates. “We have achieved good sales results in a tough market, with 793 net booking agreements in the third quarter, compared to 764 last year. This, coupled with an expanding offer, gives us confidence for the coming periods,” Iskra said. He added that the company aims to surpass last year’s sales and expects new PRS segment sales of over 900 units in the fourth quarter, moving towards a total of 4,000 units sold across all segments by the end of 2024.
Source: Murapol and ISBnews
