Develia sold 533 apartments in Q1 of this year under development and preliminary agreements, up 30% from Q4 2022. The company handed over 441 apartments.
Develia also had 172 reservation agreements in place as of the end of March this year, a significant portion of which will be converted into development agreements in the coming period – 95 at the end of Q4 2022.
The developer sold 533 apartments in Q1 of this year, compared to 409 in Q4 2022, an increase of 30%. Against Develia’s record-breaking Q1 last year, in which 603 apartments were sold, there was a decline of 12%.
“Comparing the results for the first quarter of this year with those for the third and fourth quarters of last year, respectively, we see increases, which confirms that the beginning of 2023 is a continuation of the market rebound we have seen since October. Traffic in our sales offices is higher and we are recording more loan transactions. We are also seeing month-on-month improvements in sales performance, which could be a good prognosis for the coming quarters,” says Andrzej Oślizło, CEO of Develia.
In January-March 2023, the largest number of apartments found buyers in the Aleje Praskie projects in Warsaw and Centralna Park and Grzegórzecka 77 in Krakow. In the first quarter of this year. Develia also sold 24 units in the projects Lizbońska in Saska Kępa and Ursynów #22 in Warsaw, developed in joint venture with developer Grupo Lar.
