The number of the projects completed in the first quarter increased by 3.8 percent in Poland’s seven main cities: Warsaw, Karków, Łódź, Wrocław, Gdańsk and Katowice. Given the challenging environment on the residential market, the developers has been exposed to a real the test. “The macroeconomic situation, restricted lending policy and changes to the [government’s residential] program didn’t encourage demand,” says Malgorzata Szwarc-Sroka, director of the commercial division at J.W. Construction. With the supply increase, consumers have been able to negotiate more favorable terms of sale.
