Stock market bears and proponents of housing bubble bursts must again hide their claws.
Apartment selling machine, or eight quarters of glory
The group Dom Development presented operating results for the first half of 2026, which can be called an effective, market knockout of the competition.
The company sold 2382 net units in this period, which means a powerful 17% growth year-on-year. This is absolutely the best first half in the entire, long history of this developer. Such an impressive result is not a coincidence but a consequence of following a strategic path set long ago.
Just look at the data from the second quarter of 2026. The company sold 1221 net units then, which is 22% more than a year earlier. It is worth adding that this was already the 8th consecutive quarter in which net sales exceeded the magical barrier of 1000 units. Such repeatability and stability at a high level is literally unique in Polish market realities.
President of Dom Development, Mikołaj Konopka, has every right to be proud – the board openly declares that it aims to break the record from 2025, when the group sold 4448 apartments. Looking at the current dynamics, this goal seems a mere formality.
See also: Buying an apartment at a bargain is already a thing of the past. The government is preparing regulations that will change the rules in social housing.
Warsaw and the Tricity set the terms, Poznań on the horizon
Where does the heart of this sales monster beat? The geographic split of the second quarter clearly shows that the key to success is diversification based on the strongest agglomerations. The traditional leader remains Warsaw with a result of 539 units sold. The real hits turned out to be the projects “Metro West Residential District” (107 units), “Urbino Estate” (82) and “Wilno Estate” (62).
The next driving force became Tricity, generating sales of 351 units, where the absolute star was the investment “DOKI” with an excellent result of 119 apartments.
In Wrocław, customers bought 187 units (here shining were “Arkadia Estate” and “Biskupin Villas”), and Kraków added 144 units to the pool (with leaders in the form of “Park Matecznego Apartments” and the project “Przystanek Prądnik”). As if that wasn’t enough, the developer does not intend to rest on its laurels and is preparing to expand into the Poznań market. This is a consistent building of dominance in key Polish metropolises.
See also: Return on the real estate market. Housing prices in the country suddenly slowed! Biggest discounts in the capital.
Loans, inflation and clever acceleration of decisions
Such strong demand for apartments comes from a combination of psychology and economics. Buyers purchasing apartments for their own needs have clearly regained resonance. Their creditworthiness is definitely higher than a year ago. As a result, transactions co-financed by a mortgage loan accounted for as much as 51% of the group’s total sales in the second quarter.
Dom Development also adds its three cents to success with the global environment. Geopolitical uncertainty, which is clearly driven by tensions in the Middle East, fuels fears of a return to higher inflation. Poles know very well that inflation will hit construction costs and translate into further price increases for apartments.
Instead of waiting for mythical rate cuts, buyers recalculated risk, accepted current loan costs and accelerated purchase decisions. They simply want to escape inflation.
Despite such fantastic results, investors did not particularly rush into Dom Development shares, because on July 6 their price fell by a symbolic 0.40% to the level of 248 PLN.
However, this does not change the fact that the company has a great starting position to have 2026 recorded in the history of the Warsaw Stock Exchange with golden words. The boom in the market continues, and this developer knows how to squeeze every penny out of it.
Chart. Dom Development share price
Source: TradingView.
See also: Real estate. New taxes will bury the richest? Businessmen oppose new changes.
Source: StockWatch.
