Polish primary residential market remains robust (PL)

Despite a fast growing supply and slowing demand, the asking prices of apartments entered to the primary market have not fallen. Increased supply entails growing differentiation of the offering, and consequently - larger price ranges on the residential markets in Polish agglomerations. However despite differences in the average price levels between the cities, Polish customers actually choose from products at similar prices.

No portents of a crisis on the Polish residential market have translated into actual reductions of the prices of new dwellings introduced in the last quarter to the markets of Poland's six largest agglomerations. In Warsaw and the Tri City small increases have been recorded - the average prices of apartments new on offer are today higher than in the fourth quarter of 2007 by ca. 3% and amount to 9,250 PLN/m

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