New residential real estate developers enter Polish market

A real estate wing of Ikea, Vastint Poland, is preparing its first two housing projects, with 263 units in northern Gdansk and 380 in western Poznan.

Polish magnate Jerzy Starak is back in housing via unit Spectra Development with a project in Warsaw.

Finnish developer YIT has purchased its first plot in Poland and plans about 120 units.

The Polish mint Mennica Poland has launched real estate activities and is selling 188 units at its first venture and plots 250-300 at a second Warsaw location.

Demand in the industry has been strong, though experts warn that the sector is headed for an inevitable slowdown.

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Arkiv