April brought a decisive revival in residential construction. Developers initiated the building of as many as 15,118 new units, which represents a 22.4% year‑on‑year increase.
Spring awakening on construction sites
This is the best result since October 2024, proving that the industry can effectively get back on its feet. While the sector celebrates, experts are cooling heads:
It is, however, still too early to announce a larger trend shift based on this. The good results should rather be seen as a rebound attempt after the poor first two months of the year, which were certainly affected by unfavorable weather conditions this winter.
- comments Patryk Kozierkiewicz, legal counsel at the Polish Developers Association.
Importantly, in the first four months of the year, the pace of new entries fell by 4.9%. With a high supply of available apartments, this is good news for the market. Developers do not intend to flood the market blindly with goods in fear of a slow sale of the finished offer. Instead, they choose to gradually introduce new units.
See also: Buying a home at a bargain is now a thing of the past. The government is preparing regulations that will change the rules in social housing.
Paperwork stable, but geopolitics muddles demand moods
The construction permit segment is calm, but in the current economic realities this is definitely a desirable state of affairs. In April developers received green light for 18,372 units, which is a cosmetic drop of just 0.5% less than the month before. However, a broader time horizon reveals positive dynamics. Thanks to excellent results at the turn of the quarters, the cumulative number of permits rose by 22.5% compared to the same period in 2025.
This indicates that developers are continuing to prepare for new investments in the near future, although it is difficult to estimate whether the strong momentum from March and April will also be maintained in the remaining months.
- adds Patryk Kozierkiewicz
The sector is clearly preparing ammunition for new investments, although Otodom Analytics analysts warn against excessive optimism. Recent sales spikes and the growing number of cancellations may be one‑off. Clients have fallen into fear of a sudden deterioration in the macroeconomic situation, triggered at least in part by the prolonged conflict in Iran. When geopolitics increasingly muddles moods, idle capital happily flees to the real estate segment, treating physical concrete as a safe haven. This state does not have to last forever.
See also: Return on the real estate market. Housing prices in the country suddenly slowed! Biggest discounts in the capital.
Project finalization and creation of a new market reality
Data on occupancy permits maintain the highest level of stability among all indicators. From January to April the number of apartments ready for use fell by 4.4%. Is this a cause for concern, especially among construction sector investors? Absolutely not. The construction cycle of multi‑family buildings is governed by its own restrictive rules.
Given the average construction time of multi‑family buildings and the increase in new construction dynamics in 2024, this number should, in our view, gradually increase each month of the current year, closing the current multi‑percent gap.
- summarizes the PZFD expert.
See also: Real estate. New taxes will bury the richest? Businessmen oppose new changes.
Source: Money
