In brief

• After a successful third quarter, developers are more cautious in their assessments of the future of the market.
• Nearly 30 percent of firms expect sales to accelerate further, and 55 percent expect the current pace to be maintained.
• Firms' forecasts show no significant pressure for higher apartment prices, which buyers fear.

Sales good, optimism fading

The third quarter was a successful one for developers in terms of sales, but their moods have clearly cooled (Ceny mieszkań pod presją? Deweloperzy coraz ostrożniej patrzą w przyszłość – Bankier.pl) (Klienci boją się wzrostów cen mieszkań. Ale deweloperzy ich nie przewidują – Rzeczpospolita). Nearly 30 percent of firms expect sales to accelerate further, and 55 percent expect the current pace to be maintained. According to the latest sentiment index prepared by Tabelaofert.

How developers assess sales in the coming months

• maintaining the current pace of apartment sales: 55 percent
• further acceleration: nearly 30 percent
• slowdown: 15 percent

Prices without major pressure

Buyers fear that apartment prices will continue to rise. Firms do not share this fear, because their forecasts lack a clear push toward price increases. Buyers therefore should not expect a rapid acceleration of prices in the near future. Demand still exerts pressure, as indicated by the declarations of some firms about continued sales.

Read also

• Deweloperzy zmagają się z nadmiarem gotowych lokali, a kupujący zyskują możliwość weryfikacji mieszkań
• Pesymizm deweloperów w USA na 14-letnim dnie. Kredyty hipoteczne osiągają wysokie poziomy