Residential developers operating on the six largest markets in Poland have reported sales have increased by 14 percent y-o-y. Significantly lower supply and reduced offer size are helping to mitigate the slowdown caused by the Covid-19 pandemic, according to JLL. In the first quarter of 2020, 18,900 residential assets/units have been sold across the six largest cities in Poland, 7 percent higher than Q4 2019 and 14 percent higher y-o-y. From January to March 2020, only 13,000 new units came onto the market, according to JLL. Compared to the units sold for the same period, the supply at the end of the quarter decreased by 12 percent compared to the end of 2019.
