Significant decrease in sales: The developer, existing for over 20 years, operating in the provinces of Lower Silesia and Lesser Poland decrease in sales in the first quarter of 2025. Only 29 premises were sold in Wrocław, only 2 in Krakow. This is much less compared to the first quarter of last year. when total sales amounted to 70 apartments. The decrease is up to 56 percent. year on year. In turn, reservation agreements at the end of March covered only 19 apartments, of which 14 were issued to customers.
Temporary problems? Company representatives ensure that despite the difficult situation and reduced demand Financial stability is underestimated. In March, the sale of a new pool of 40 apartments as part of the Lokum Porto investment. The construction of two large Wrocław housing estates is also continued, which is planned in 2025. At the end of the first quarter of the premises, the developer had 385 apartments (142 in ready investments) and a further 740 under construction.
Troubles of the development industry: The seven largest national agglomerations offer up to 65,000 apartments from developers. It places Poland in the European lead. But Quarterly sales have dropped significantly (from approx. 15,000 to 9,000). This can lead to price correction. The reason is above all Mortgage service costs. – The first quarter of 2025, according to our predictions, did not bring any improvement on the housing market. Demand exists, but customers effectively deter high loan costs, which still remain the highest in the European Union. As a result of purchases, almost exclusively wealthy people with cash – said Bartosz Kuźniar, president of the board of Lokum Developer.
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