Developers' late holidays. Movement on construction sites froze

2025-09-18 11:40
publication
2025-09-18 11:40
Although summer is fully, in August there was no increased traffic on construction sites led by developers. According to the data of the Central Statistical Office, a 35 % decrease in the number of new buildings meant that it was the second worst August in nine years.


In August 2025, developers began to build 8334 apartments – by 29.7 percent. less than in July and at the same time by 34.9 percent less than in the same month last year. What's more, for the first time since GUS gathers accurate statistics about construction, August turned out to be the worst of the first eight months of the year.
Considering only August, it was excluding 2022, when the apartment was in the deepest hole of recent years, the past month was the worst of all August since 2016.
During the first eight months of 2025, developers started working on the construction of 88.5 thousand. flatswhich was 15.8 percent weaker the result of the same period last year.
On a delicate plus (+1.8 percent y/y), individual investors ended this period, who from the beginning of the year began to build 55,249 houses. In August alone, 7012 new buildings arrived – by 9.2 percent less than in July and at the same time by 1.1 percent more than a year ago.
According to GUS, at the end of August 2025, 855.8 thousand remained under construction. apartments – by 2.6 percent more than at the end of the same month of 2024.
Permits for the construction of apartments and houses
In turn, the least for eight years has been recorded for the construction of apartments and houses, which in August were issued to developers, although since April 2020, their number exceeds 10,000 per month.
In August 2025, the Central Statistical Office recorded 11,288 permits – there were 33.2 percent of them. less than in July and by 37 percent less than in August 2024. To find a lower August result, you should reach for data from 2017.
On a solid minus compared to last year there is also the number of permits obtained in previous months. Considering the period from January to August, developers obtained permits entitling to erect 104.7 thousand. apartments (-24.5 percent y/y).
Individual investors obtained twice less permits in the analyzed period (56 965). This number, however, means an increase of 6.6 percent. in an annual basis. In August alone, the offices issued 7077 permits to individual investors (-19.4 percent m/mi +4.9 percent y/y).
Apartments and houses put into use
Statistics for apartments put into use look better than last year. In August 2025, 9719 premises were written on the side of the developers – by 15.1 percent. more than a year ago. Excluding from the analysis extremely poor in this respect in 2024, new apartments were the least from August 2017.
On the downside in the annual basis, it was enrolled in turn The first eight months of the year, when developers donated 78,248 apartments for use – by 0.9 percent less than in the same period of 2024.
Individual investors also give up less houses than a year ago. In August, the Central Statistical Office recorded 4916 completed houses (-12 percent m/mi -10 percent y/y). From the beginning of the year, the reading stopped at 43.3 thousand. houses, which translated into a reduction in annual terms by 6.7 percent.




