Poland’s residential sector continues to grow, with developers listed on the Warsaw Stock market reporting 15-percent growth in sales year-on-year over the first three months of the year. The results have encouraged market observers leading them to predict that Poland’s housing sector won’t start cooling before 2018.
According to REAS, more than 14,100 units were sold in the third quarter of the year in Poland’s six biggest markets (Warsaw, Kraków, Wrocław, TriCity, Poznań and Łódź), marking a 7-percent increase year-on-year. The agency points out, however, that at the same time, supply dropped from 17,000 units in the second quarter of 2016 to 14,200 units in Q3. Experts blame the slow down on the end of the government’s MdM subsidies program. “This slowdown was seen in popular sector, making developers expanding their upper-end offer,” writes REAS.
