“The new supply of apartments exceeds ongoing sales, which we see as a great threat on the market, a lot of pressure on prices […]. We see that the sale time of the offer is extended […]. Is Pressure for the increase in the offer and pressure pressurewhich we think is one of the negative factors affecting our activities, as well as the entire development market. However, this translates into the stabilization of the prices of apartments on the primary market, “said the president of Dom Development Mikołaj Konopka during video conference.
What disturbs developers, it enjoys buyers. We enter the customer market, where the offer is waiting and can be changed. The disagreement of the market has decreased in favor of developers. Despite the increasingly difficult market, developers in July increased the number of construction started by 0.5 percent. year to year to 134.5 thousand And all this during price drops. This is what the Dom Development House could be worried.
“The threat is therefore a growing offer, and a positive factor greater interest in loans resulting from a decrease in WIBOR” – he added. Developers increasing the offer can count on an increase in interest in credit, and thus an increase in demand.
The profit record of the second quarter
The Dom Development offer currently includes – as reported – 3778 premises. “We would like to aim in 3.5-4 thousand premises under construction. We want to avoid overproduction And a problem with an offer that rotates for too long, “said the president.
The company, despite the more difficult market, was achieved The best result of the second quarter in its history. She earned purely PLN 97 million, i.e. by 3.7 percent. more year on year and 10 percent She broke the expectations of analysts surveyed by PAP. The company managed to achieve similar profits in the second quarter only in 2022 and 2024 (PLN 94 million and PLN 93.8 million). Actions of satisfied investors grow by almost 3 percent. up to PLN 252.
What's more, gross margin on salesi.e. direct profit on the construction of the apartment, excluding costs outside of construction in the second quarter amounted to as much as 36.6 percent. (profit PLN 202 million with revenues of PLN 552 million) compared to 30 percent. A year ago (profit PLN 199 million with revenues PLN 664 million).
After deducting the costs of sales, management and other operating costs, the operational result increased to PLN 120 million in the second quarter from PLN 114 million a year earlier. After the financial costs, there was PLN 97 million of net profit to divide between shareholders, or for investments.
More apartments sold
The decrease in demand is for the Dom Development certainly not the first half of this year, because it found buyers at 2033 net premises, by 4 percent more than in the same period of 2024. During this period, the Group transferred to retail clients – in accordance with the schedules of implemented investments – 1595 premises against 1637 a year ago.
As stated, the group expects very good financial results throughout 2025. At the end of June it had over 5.4 thousand. The premises that have already been sold, but not yet applied to buyers. Their total value is almost PLN 4.1 billion. The potential of the transfer in the second half of this year is estimated at over 3,000. premises.
“Considering that the financial results presented by developers depend mainly on the number of premises transferred to buyers in a given period, we expect very good results in the second half of this year. We plan to start the transfer in projects of a total of approximately 3.2 thousand premises in projects, most of which – as well as a year ago – will fall on the fourth quarter. construction services, This allows us to expect solid financial results Both in terms of revenues and profitability, “said Vice President Monika Dobosz, cited in a press release.
“Careful recovery in the Sales Offices of Apartments”
“The second quarter of 2025 was the fourth in a row, in which the Dom Development Group – as the only developer on the Polish market – maintained sales at a stable, high level of at least 1000 net premises. For the entire sector, the first half of the year was a time of challenges and variable dynamics. After the first quarter, the mood of awaiting and high uncertainty dominated the first quarter he initiated the long -awaited reduction of interest rates, which translated into greater availability of housing loans and Careful recovery in the sale offices of the apartments” – said President Mikołaj Konopka.
He added that the effects of this change are also visible in the results of the Dom Development, where in the second quarter transactions financed by credit accounted for 58 percent. total sale of premises.
“Despite two interest rate discounts from the beginning of this year, mortgage loans in Poland are still among the most expensive in the European Union. So today it is difficult to forecast how strong and durable the recovery of demand in the following quarters will be. At the same time, the number of apartments in the offer of developers increased to record levels. The result is the extended sale time of the offer and stabilization of prices on the primary market. In such conditions, the Dom Development Group records a very good pace of sales of its offer against the background of the market and plans further consistent development, “Konopka said.
“We support ours intentions regarding the increase in the scale of activity, including the purpose of selling more apartments in 2025 than in the record -breaking 2024, when we found buyers at 4269 net premises. At the same time, we approach new investments more selectively, “he added.
There were no unnecessary apartments
In the first half of 2025, the group began implementing 19 projects, including 1942 premises in all four agglomerations in which operations, i.e. in Warsaw, Tri -City, Wrocław and Krakow. At the end of June, the offer included 3778 premises available for sales, i.e. by 30 percent. more than a year ago and almost the same as at the end of 2024 (3776 premises).
The scale of implemented investments at the end of June this year covered 8,270 premises under construction and was at a similar level as a year ago. The group also had a bank of Earth with a potential to build almost 19 thousand. premises, and therefore enabling sales at the current level for nearly 5 years.
