World and foreign property news 09.03.2010

International property / World and foreign property news / More lettings in Poland

More lettings in Poland

The proportion of housing constructed for sale or rent has increased from 40.4% in 2008 to 45.1% in 2009.

During the specified period, the share of homes built as personal residences has decreased from 50.5% to 45.1%. The rest of the properties were built for the needs of the state or housing cooperatives - their share in overall volume of construction has changed insignificantly.

Purpose of Construction Change of the number of properties (2008 - 2009 ), % Change of the total floor area (2008 - 2009), %
Personal residence -13.4 -12.2
Sale/Buy-to-let 8.1 4.7

The total number of residential properties built in the country over 2009 has decreased by 3.1%, compared to the preceding year. The overall area of constructed properties has decreased by 7.2%, according to a report by the Polish Central Bureau of Statistics.

It is also noted that the number of housing permits issued by the Polish authorities in 2009 has plummeted by 23.5%, compared to a year earlier.


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