Polish developers' Q2 sales surge over 50%

Polish real estate developers saw a significant surge in apartment sales during the second quarter, with an estimated 12,400 units sold across seven major cities. This figure represents a more than 50% increase compared to the same period last year and a slight rise from the previous quarter. The strong performance is attributed to a combination of factors, including the long-awaited interest rate cut in May and improved customer credit accessibility.

Dom Development, a prominent player in the market, reported robust sales of 1,221 units in the second quarter, marking a 22% year-on-year increase and a 5% quarter-on-quarter rise. This performance contributed to the company's best first half on record, with 2,382 units sold, a 17% increase from the previous year. Dom Development's CEO, Mikołaj Konopka, highlighted the company's consistent achievement of selling at least 1,000 units per quarter for eight consecutive quarters, underscoring its business strength and market position.

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The second quarter of 2026 was the eighth in a row in which the group's net sales amounted to at least 1,000 units. Compared to the competition, this is a unique achievement that shows the strength of our business and the repeatability of results at a very high level.

Konopka noted that demand for apartments, particularly for personal use, remains high, supported by greater borrowing capacity for customers. Mortgaged transactions accounted for 51% of Dom Development's total sales in the second quarter. Despite this positive trend, persistent geopolitical uncertainty, especially concerning the Middle East, fuels concerns about potential inflation increases, which could impact construction costs and apartment prices.

Lokum Deweloper, another developer active in Wrocław, reported selling 50 units in the second quarter, a 47% increase year-on-year, though a slight decrease of one unit compared to the previous quarter. This marks the third consecutive quarter of improved sales for the company. The overall market sentiment suggests that some buyers are accelerating their purchase decisions to secure current loan costs and prices amidst ongoing global instability.

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Demand for apartments, especially those purchased for personal use, remains at a high level, supported by higher creditworthiness of customers compared to last year. Transactions co-financed by a mortgage accounted for 51% of the group's total sales in the second quarter.