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Reports presenting the residential situation on chosen markets in Poland as well as analyses prepared especially for a given development company’s project are drawn up on clients' commission.

Our analysts use information from the most frequently used residential internet service - tabelaofert.pl, which systematically provides them with data about preferences of 90,000 users. Moreover, the service is also a unique source of knowledge about offers on offer.

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Sales of New Flats in August 2011 on each market

In respect of the net sales of flats, in other words excluding resignations, 2,089 flats were sold on the seven biggest markets in total. According to the table below the highest demand for flats was naturally in Warsaw – 36.7% (of flats purchased on the seven markets in total).

The second place was taken by Cracow with 19.5% share in total demand for flats; in the case of Wrocław the corresponding share amounted to 16.3%, and in the Tri-City to 15.7%. Demand on all remaining markets was clearly lower: in Poznań 6.3%, and in Łódź 4.3%. Katowice came last in the comparison, constituting 1.4%, a very small share of demand. However, this is a market where the secondary market is much better developed than in all other cities. In Łódź demand for flats was low, although in respect of its population the city is only slightly smaller than Cracow and much bigger than Wrocław or Poznań.

CITY	SALES (net)
Warsaw	36.7%
Tri-City	15.7%
Cracow	19.5%
Wrocław	16.3%
Poznań	6.1%
Katowice	1.4%
Łódź	4.3%
Total	100.0%

Share of each market in the sales of flats (among the seven biggest markets), August 2011

The ratio of net sales in August 2011 to the offer at the end of 2011 on each of the markets is very diversified. Pursuant to the table below, demand for flats in August compared to the offer at the end of August was the highest in Cracow – 5.5%, Tri-City – 4.9%, and Wrocław – 4.8%. Alower level of this rate was recorded in Warsaw – 4.2%. On smaller markets the said rate was even weaker: Łódź 3.1%, Poznań 3.0% and Katowice 2.5%. This shows that the lowest market liquidity is recorded on the smallest markets.

CITY	Net sales in August/ offer at the end of August
Warsaw	4.2%
Tri-City	4.9%
Cracow	5.5%
Wrocław	4.8%
Poznań	3.0%
Katowice	2.5%
Łódź	3.1%
Average	4.0%

The ratio of net sales in August to the offer at the end of August 2011 (on the seven most important markets)

It is worth paying attention to Cracow, Tri-City and Wrocław, markets/ cities where the supply of new flats has largely increased in the last quarters. The offer of flats available there is adjusted to clients’ expectations in respect of price and composition of flats to such extend that the liquidity on those market is high.

The table above also shows places where real-estate developers will not be very willing to start next investments (Łódź, Katowice) as they are observing now a small number of flats sold compared to the ongoing offer. Especially, as the supply of flats in those cities has gone up in the last few months. On the other hand, there are places where supply of new flats increases very fast but demand for them is also high. These will be still attractive areas for real-estate developers’ investments (Wrocław, Cracow), together with the market leader – Warsaw (especially some of its areas like Wola, Białołęka, or Praga Południe).

2011-09-20

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