Dom Development sold in III 995 net premises, more than 6 %

The Dom Development Group sold 995 net premises in the third quarter of 2020, which means a 22 % increase in KDK. and yard by 6 percent – the developer informed in the announcement. At that time, the group gave customers 692 premises, i.e. 18 percent. less than a year ago.

581 premises were sold in Warsaw and 195, 303 were sold in the Tri -City and 315 were handed over, and 111 was sold in Wrocław and 182 were handed over.

As stated, the financial result for the third quarter was mainly influenced by the transfer in the following projects: Mezzo (151 premises), the Beaufort estate (76) and the spectrum (64) in the Tri -City, Marina Mokotów (58 premises) and sweat Żerań (75) in Warsaw and Beauty 21 (182 premises) in Wrocław.

In total, from the beginning of the year, the group sold 2,626 premises (-3 percent of RDR), and donated 1,933 premises (-22 percent of the yard).

President Jarosław Szanajca informed in a press release that the company positively assesses the third quarter of 2020, and the market situation in the coming months will largely depend on the further development of the Covid-19 epidemic.

Szanajca pointed out that the demand – after a strong reflection in May and June – remained in the third quarter at a high level.

“Despite the dynamic changes in the market environment, housing prices remained at levels before the epidemic. In response to strong demand, in the third quarter of 2020 the group began building over 2,000 premises. We significantly increased the offer, especially in the Tri -City and Wrocław” – said the president of Dom Development.

As he pointed out, low interest rates are very important support for the housing market.

“Negative real interest rates on deposits and the low cost of credit encourage you to buy real estate. In the third quarter the availability of mortgages improved – banks after the initial tightening of the criteria for granting loans softened their requirements,” said Szanajca.

He added that the changes in the mortgage market did not disturb the proportion of transactions with the participation of credit and cash. As he pointed out, about 40 percent The sale of the group is purchased from own funds.

The president also informed that in the third quarter – as in the second – the availability of construction services was relatively high. The tendency of subcontractors to negotiate prices has also remained.

In the assessment of Shałajca, administrative difficulties in obtaining decisions and permits necessary for the implementation of the investment are still a significant barrier for development activities, especially in Warsaw.

“In combination with high prices of plots, prolonged formalities affect a significant reduction in market supply, favoring developers with extensive experience and high -quality Earth Bank” – said the president of Dom Development. (PAP Biznes)

SAR/ ASA/