If Polish developers want to keep apartment sales moving at the same pace they’ve been moving at in recent months, they will have to lower pricing. That’s the conclusion of the residential market specialist REAS, which warns that a slowdown in the market could hit the Polish market by 2017. “This year, we saw another record for the Polish residential sector in terms of sales in the primary market and developers have been reacting properly to this growing demand,” claim the experts.
REAS warns, however, that with government subsidies for the residential sector about to expire, the market is likely to slow in the second quarter of 2017. Another slowing factor, claims the agency, will be growing inflation.
Rafał Ciszewski of Fibaro agrees, saying that these new market conditions will cool investor and buyer optimism. “It means that developers need to look for greater competitiveness,” he adds.
