Residential market in Poland – Q3 2021
For another quarter in a row, developers sold more apartments than they managed to put up for sale during that time. Rising inflation continues to attract buyers to sales offices, and sales after three quarters exceeded the result for all of 2020.
Another quarter has passed on the primary housing market, with rising prices, good sales results but problems with new supply. Once again, developers sold more units than they managed to put up for sale on the market during this period. Rising monthly inflation rates continued to attract more buyers keen to protect their savings from depreciation.
While it is clear that rising prices are having an increasingly significant impact on the decline in the number of units sold, developers still sold 54,000 units to individual buyers in the first three quarters of the year, 1,000 more than in all of 2020. However, it seems that more than the increase in prices, buyers are affected by the limited choice of units. The key questions are if and where a rapid increase in supply is possible.
More on the key factors describing the situation on the Polish housing market in Q3 2021 in the latest report. We encourage you to read. The report is also available in Polish language version.