Atal Group contracted 1289 development and preliminary contracts in H1 2024 against 1136 a year ago, the company said. This year’s sales plans call for contracting at a similar level to last year.
The group had 177 active reservation contracts at the end of Q2 2024, it stated.
“We are seeing unrelenting activity from customers. Our monthly contracting performance is stable. During the period without the buyer support programme, we continue to record strong interest in our offer. This confirms our position that the government programme is not a decisive factor for contracting in our case. We are of the opinion that it will not play as crucial a role as some commentators have predicted. What would definitely improve the demand and supply situation is a reduction in interest rates and, as a result, a reduction in the cost of mortgages (customers) and investment loans (developers),” said CEO Zbigniew Juroszek.
The company said that 182 development and preliminary agreements were signed in April 2024, in May 2024: 195 development and preliminary agreements, and in June 2024: 189 development and preliminary agreements.
In January this year, the company reported that Atal Group signed 2,833 development and preliminary agreements in 2023, an increase of more than 35% year-on-year. Last year, the Group signed 3,552 reservation agreements, with 2,075 in 2022. At the end of 2023, Atal had 476 active reservation agreements, with 98 at the end of 2022.
Atal is a property development company specialising in the construction of residential complexes located within the largest cities in Poland. The company’s shares have been listed on the WSE since 2015.
Source: Atal Group and ISBnews
Photo: Harmony Corning, Atal Group
