Media commentary

Europa Property | Home developers tread carefully in Poland

15 Jan 2024

As the residential construction market faced a fast-changing environment in 2023, home developers were eager to respond quickly. However, an analysis of the companies’ strategies performed by Spectis for the needs of the report "Residential property developers in Poland 2024-2029" indicates that they remained cautious in their business decisions despite the upturn and a great scope of opportunities.

Numerous home developers would revise their pricing strategies in 2023, and they made efforts to expedite preparations for new projects. Likewise, companies stepped up competition to secure land in the major cities where they would be able to launch projects immediately. Some home developers ventured to expand into new local markets. Only one company out of the top 30 players in the residential development sector covered in the report decided to pursue a large-scale acquisition.

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