Feb 13 • 03:07 UTC 🇵🇱 Poland Rzeczpospolita

Develia's CEO: Demand for apartments in large cities will be strong for at least 10-15 years

The CEO of Develia discusses the strong demand for apartments in major Polish cities and the company's strategies for growth in the housing market.

In an interview, the CEO of Develia outlines the challenges and opportunities in the housing market while discussing the company's sales goals for the coming years. With a target to sell 3,600 to 3,800 apartments by 2026, Develia aims for quarterly sales of about 900 to 950, building on a record of 3,350 apartments sold last year. The discussion highlights how legal changes and the economic situation are impacting demand and supply in the real estate sector.

Moreover, the CEO addresses Develia’s strategic approach in leveraging acquisitions and joint ventures to foster growth. The company is also focusing on public-private partnership projects to enhance its offerings in the living market segment, including PRS (Private Rented Sector) and student accommodations. As the real estate market undergoes consolidation, Develia remains optimistic, predicting a stable demand for housing in urban areas for at least the next 10 to 15 years, indicating a resilience in the market despite economic fluctuations.

Lastly, the growth strategy of Develia emphasizes understanding market trends and adapting to the evolving regulatory landscape, which shapes consumer preferences and investment flows. The company's proactive measures position it well amid ongoing challenges and opening avenues for sustainable expansion in Poland’s housing market.

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