rednet miesiecznik june 2009 en

8/7/2019 Rednet Miesiecznik June 2009 En

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Situation in the reSidential market

June 2009

A daa and aia n dN Cnuin wbi i cd by cyi.

Uin ubicain (in u in a) daa and aia acd n wbi qui i cnn dN

Cnuin. Diinain and uin daa aia cnaind n wbi i ny ib n cndiin a dN

Cnuin i in a uc.

I i id ad, diay, cy and nd aia n ny na u and n cndiin a

material is not modied.

dN Cnuin ba n nibiiy daa uin uin wbi and in aicua daa u-

in inain and u daa and aia aaiab n wbi a w a any daa caud by

aicain aia daa.

Rport by rdnt Cosltig ad tablaofrt.pl

rdnt Cosltig Sp. z o.o.

Siedziba SpółkiWiśniowy Business Park (Budynek C)

ul. 1-go Sierpnia 6a

02-134 Warszawa

tel: (+48 22) 318 72 00

fax: (+48 22) 318 72 53

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www.rednetconsulting.pl

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XIII Wydział Gospodarczy,

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Wiceprezes: Marcin Gołębiowski

technological partner:



sItUAtIoN IN the resIDeNtIAl mArket June 2009

AverAge prICe of flAts IN eIght mAIN CItIessoUrCe: aba.

Legend: Avra offr pric– the average price per sqm of ats in developer projectsu u a, a 29 day ac n

Average price of ats sold – the average price per sqm of ats soldin a n

Average price of new ats on offer – the average price per sqm of atsin new developer projects put up for sale in the last three months

ridniamaMAy 2009

Jun – a n indicain idd ya a u un auay a w n. l’ a a wa can

were taking place in the residential real estate market in the rst

a 2009. A a y bad u qua iu ya

when the worldwide nancial crisis became an unquestionable fact,

which resulted in a rapid limitation of access to sources of nancing

n ny d bu a i cu and in nd

brought about a sharp stop of the rate of sale of ats, the echo

of the events from the end of last year was still audible in the st

months of this year (January, February). The sale of ats was still at a

y w , bu a n a n d ad inin

more and more contracts. As a result the rst quarter of this year

nished with a much better sales result than in the preceding quar -

. In cnd qua a ayd in ubqun n a

a ab i an in cdin id. I bca ca a w i d a a a a iquidiy

a i cncnd. hw, ac w dand cd -

win ic.

Au ic in i bi aain a

wn a i dwnwad ndncy 3.5%, in ci

w a ya ( Jun 2008 Jun 2009) acua an-

acina ic a bn uc w – in ca i a acd

n a dzn cn. on and, in

of view of the past 12 months the price of ats sold has indica -

d uc n ain dynaic – in a id i by nay

12%. facin a ic cdi icy ban uin in cu-

mer lowering purchasing power, buyers focused on cheaper ats.

The government programme, “Rodzina na swoim”, played a major

a in i ca , a i a ibiiy ain adana

this scheme when buying a at within a dened price limit. In rela-

tion to the nancial crisis, at the end of 2008 the developers’ expan-

sion was rapidly restricted – investors held the majority of their

projects and practically stopped putting new ats for sale. In such

a iuain, binnin wi 2009 dN a d quin

average price of new projects as their scope has been too little.

9 500

9 000

8 500

8 000

7 500

7 000

6 500

6 000

2008 2009

v vI X XI XII I II III Iv



sItUAtIoN IN the resIDeNtIAl mArket June 2009

City Oer price o fats Price o fats soldPrice o fats sold/ oer

price

Katowice 5,305 4,734 -10.8%

Kraków 7,566 6,552 -13.4%

Łódź 5,388 5,359 -0.5%

Poznań 7,870 6,876 -12.6%

Gdańsk 6,303 5,620 -10.8%

Warsaw 9,353 8,214 -12.2%

Wrocław 7,950 6,556 -17.5%

Szczecin 5,260 5,357 1.8%

WarsawAgglomeration

8,655 7,518 -13.1%

Tri-City

Agglomeration6,474 5,446 -15.9%

SilesianAgglomeration

4,672 4,365 -6.6%

The average orthe eight

agglomerations7,974 6,924 -13.2%

CityOer price o

fatsPrice o fats

sold

Change in the oerprice o fats June/

May

Change in the priceo fats sold June/

May

Katowice 5,305 4,734 -2.0% -4.5%

Kraków 7,566 6,552 -1.0% -0.2%

Łódź 5,388 5,359 -2.0% 2.1%

Poznań 7,870 6,876 1.0% 0.0%

Gdańsk 6,303 5,620 1.0% -0.8%

Warsaw 9,353 8,214 -1.0% 1.3%

Wrocław 7,950 6,556 1.1% 2.7%

Szczecin 5,260 5,357 -0.4% -2.7%

WarsawAgglomeration

8,655 7,518 -1.1% -0.4%

Tri-CityAgglomeration

6,474 5,446 1.6% -0.9%

SilesianAgglomeration

4,672 4,365 -1.7% -2.7%

The averageor the eight

agglomerations7,974 6,924 -0.6% 0.0%

pic iuain in indiidua cii i a w:

In Jun aa ic in i aain d

at the level slightly lower than 8 thousand zł/sqm. At the same time

the average price of ats sold was by 13% lower and amounted to

6,924 zł/sqm. The biggest discrepancy between the price at which

buy a bn wiin uca and ic d by d-

velopers is in Wrocław reaching over 17% - such a high dispropor -

in a bn bd inc nd iu canda ya.

Signicant differences in these prices are also seen in the Tri-City

Agglomeration (approx. 16%), Kraków (13%), Poznań (13%) and

Waaw (12%). t w dicanci a bn cdd in

Łódź, the Silesian Agglomeration and Szczecin (in the case of Szcze-

cin the average price of ats sold is higher than the average offer price) – which are markets weakly diversied in the scope of price,

bin caacid by a w u anacin.

In comparison to the previous month the average price of ats sold

in anayd cain a n cand, wic, bin cad

to the last-month growth of nearly 2%, conrms the assumption

that slightly more expensive ats are being sold out now than a

few months ago. The average price of ats sold is at a higher level

than last month in Warsaw, Wrocław and Łódź. In the majority of

cain buy a i in i accdain an

ca dwin, au inin a an in i

scope has already been visible. The price of ats sold has fallen in

cain a n in ca kawic and siian

Agglomeration, Szczecin, Gdańsk and the Tri-Cily Agglomeration,

and, to a small degree, in Kraków and the Warsaw Agglomeration.

In Poznań the price of ats sold has not changed. The average offer

ic in a aain a iy dcind in cain

may, and in indiidua cain i a cand by -2% +1.6%.

Wn cad n, Jun did n bin any ui-

in can in idnia a a a. hw, ainin accun a a-ya ci, a ca in i iib.

The situation in the mortgage market is still difcult, but the range

anacin cncudd, bin uc i an a binnin

2009, id d wi iquidiy a and indica

nia n dand id. Buy in i wn

at focus on the cheapest dwellings, which restricts the range of

options among the most searched-for and price-attractive ats as

i a ac nw uy. tanacina ic a i w

an iina ic, bu d’ wiinn an dicun

is falling as the list of ats on offer is shrinking.

rednet miesiecznik june 2009 en

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