Record breaking growth in residential construction in Poland (PL)

The residential construction segment will be growing until 2010, driven by high sales of dwellings on the primary market in 2006-2007. Accordingly, the number of new housing units coming on market will increase, and the value of construction and assembly output will expand significantly. However, the problems currently faced by developers in selling new homes will induce them to reduce planned projects, which may result in a substantial decline in housing completions starting from 2011.

The residential construction sector is poised for stable growth in the next few years, both in terms of annual housing completions and the value of construction and assembly output. According to the "Residential Construction in Poland 2008

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