Residential premium property market resistant to crisis

24 April 2020

The coronavirus pandemic’s impact on the property market is inevitable, however, its effect will vary across the individual segments, according to Ghelamco. For the residential market, the most resilient is the luxury apartment segment, which follows its own rules and is more resistant to market fluctuations both in terms of prices and demand. The developers which offer premium apartments continue to enjoy customer interest even now. “Over the last few weeks we have had more than 20 percent more visits to our website and 30 percent more phone calls than usual,” said Iwona Nosowska, sales manager at Ghelamco. “Customers are seeking to buy both apartments and commercial premises in our two projects: Flisac in the Powiśle district and the Foksal 13/15 residence near Trakt Królewski.”

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