Post by mdshamiul777 on Feb 11, 2024 23:10:33 GMT -5
2014 was for Poland , according to the latest results, the year has been good, or rather, very good, not only because of the results, but because of the change in cycle that this represents, and the momentum it transmits after several years of crisis. In this article we are going to focus on the Polish market , but if we take a quick look around us, and briefly analyze the United States, Spain or countries in the Euro zone (except countries like Greece or Portugal) any of the reports we read They will indicate an upturn in the real estate market , stabilized prices, low interests and most important of all: moderate optimism among buyers. The year 2014, especially its last quarter, has marked a new record in the number of sales for Poland. The number of apartments sold this year among the 6 main cities in Poland has been 43,000, with 11,200 being sold in the last quarter.
These numbers represent 20% more sales than any of the years between 2007 and 2013, where a maximum of 36,000 apartments were sold each year. If we look at the supply, according to the latest REAS report, in 2014 47,000 apartments were put up for sale, more than those sold, but still far from the record set in 2007 with 54,000. 2014 ended with a 4% increase in apartments completed but still unsold, but Vietnam Email List to analyze this data we should pay attention to the number of sales according to the cities. Warsaw, Krakow and Wroclaw remain stable, with a sales period of 3.6 quarters, meaning that the markets are in balance. While the city of Lodz, unlike the previous ones, has a sales period of 6.5 quarters, which makes the local market have difficulty developing quickly, and ends up storing more product than desired. The Central Statistical Office of Poland (GUS) tells us that in 2014 developers have started building 64,300 apartments, with 18,700 expected to be completed in 2015.
Given the supply and demand, and since in the big cities the market is in harmony, prices continue to be stable, and have been like this since 2010. One figure that is causing this situation is the MDM subsidies, it would be something similar to ours. VPO, but with more advantages for citizens, since anyone can benefit from said subsidy. The MDM scheme has fixed prices, and therefore these also influence competition. A variation in the value of the MDM immediately affects the rest. The cities that have had the most beneficiaries of this subsidy are Warsaw and Gdansk, obtaining 56,000,000 PLN and 33,000,000 PLN respectively, representing 40% of all the subsidy given in the country. Therefore, thanks to these government initiatives, we can conclude that prices remain stable, supply is being controlled and adjusted to demand, avoiding having another real estate bubble. In 2015 a slight decrease in the number of transactions is expected, but it will still be a very good year in sales, especially if the price of MDM continues to rise.
These numbers represent 20% more sales than any of the years between 2007 and 2013, where a maximum of 36,000 apartments were sold each year. If we look at the supply, according to the latest REAS report, in 2014 47,000 apartments were put up for sale, more than those sold, but still far from the record set in 2007 with 54,000. 2014 ended with a 4% increase in apartments completed but still unsold, but Vietnam Email List to analyze this data we should pay attention to the number of sales according to the cities. Warsaw, Krakow and Wroclaw remain stable, with a sales period of 3.6 quarters, meaning that the markets are in balance. While the city of Lodz, unlike the previous ones, has a sales period of 6.5 quarters, which makes the local market have difficulty developing quickly, and ends up storing more product than desired. The Central Statistical Office of Poland (GUS) tells us that in 2014 developers have started building 64,300 apartments, with 18,700 expected to be completed in 2015.
Given the supply and demand, and since in the big cities the market is in harmony, prices continue to be stable, and have been like this since 2010. One figure that is causing this situation is the MDM subsidies, it would be something similar to ours. VPO, but with more advantages for citizens, since anyone can benefit from said subsidy. The MDM scheme has fixed prices, and therefore these also influence competition. A variation in the value of the MDM immediately affects the rest. The cities that have had the most beneficiaries of this subsidy are Warsaw and Gdansk, obtaining 56,000,000 PLN and 33,000,000 PLN respectively, representing 40% of all the subsidy given in the country. Therefore, thanks to these government initiatives, we can conclude that prices remain stable, supply is being controlled and adjusted to demand, avoiding having another real estate bubble. In 2015 a slight decrease in the number of transactions is expected, but it will still be a very good year in sales, especially if the price of MDM continues to rise.