The apartment catches his breath. GUS shows data for the first quarter

“We already know the latest data of the Central Statistical Office in housing. In the period January-March 2025, developers: they gave 27.7 thousand premises to use (-4.7 percent y/y), obtained 40.4 thousand permits (-20.8 percent y/y), began construction of 36.5 thousand premises (-13.0 % Rynekwotytny.pl in today’s post on the X. platform.

“The April information of the Central Statistical Office, publishing preliminary data of housing in March and the first quarter this year, presents moderate acceleration of all three categories of data,” says Jarosław Jędrzyński, expert of the RynekPierwotny.pl portal.

In housing “moderate acceleration”

According to experts on the RynekPierwotny.pl portal, moderate acceleration is the result of the faith of developers in a lasting improvement in their sales statistics, although in the meantime it seems to be too early to announce the end of the sales economic slowdown in the original segment of the domestic apartment.

“When considering the investment results of the primary housing market in the first quarter this year, you can try to find some correlation with the sale statistics of housing developers for the last three months, which, according to the data of the Big Data RynekPierwotny.pl website, have improved somewhat. At the same time, however, the volumes of new introductions still exceed those regarding current contracting, which in effect is the offer Record levels for years, “notes Jarosław Jędrzyński.

Spring reflection in housing

At the beginning of 2025, housing investments were still relatively cautious compared to the first quarter of 2024, but in March there was a clear reflection. The increase was recorded in the case of started investments, although data on new building permits or construction projects’ applications increased to a lesser extent. In March, the construction of almost 22,000 began. apartments, which means 8 percent A decrease compared to March 2024, but 32 percent Growth compared to February 2025. Developers began building almost 13 thousand. premises, which is an increase of 20 percent compared to February, but a 17 % decrease r/r. Individual investors have started building 8.4 thousand. houses, improving the result of 10 % r/ro, and compared to February – by over 50 percent

In the first three months of 2025, the construction of almost 56 thousand began. apartments and houses, which means a 7 % decrease r/r. Developers have started building 36.5 thousand premises, which is a decrease of 13 percent. compared to the same period 2024. Despite this, there is a clear acceleration of the economic situation on the housing market.

The CSO data on new building permits and construction projects ‘applications also indicate an improvement in investors’ moods. In March, over 22,000 were spent permits, and in the first quarter of 2025 almost 62,000 decisions. Although the results are worse than in 2024, the decline results from a high comparative base related to new technical requirements.

In March, nearly 16,000 were commissioned. apartments, which means a 9 % decrease y/y, but an increase of 6 percent compared to February. In the whole first quarter of 2025, 46,000 were handed over. premises, which is 4 percent A decline compared to the same period of 2024.

Expert: “Apartments leaves a business hole”

– Reading the latest GUS information about the state of housing in Poland seems to be moderately optimistic. The perspective of launching in the second half of the “First Keys” program, which can be a positive impact on the market of new apartments, in correlation with the first signals of the thaw on the mortgage market, begins to mobilize for housing demand. In addition, the accelerating presidential election campaign, as usual, can stimulate the housing market with subsequent promises of the growth of Poles’ prosperity – says Jarosław Jędrzyński.

According to the expert, more and more factors are starting to speak for the prospect of leaving domestic housing from a business hole in the perspective of this year, which will probably not affect the statistics of the CSO of housing construction probably improving from month to month.

-This type of thesis seems to be fully confirmed by the activity of stock market investors, who recently, despite not the best sales situation on the first-hand apartment market, have re-moved the WIG-non-death index to the new peaks of the already 13-year-old developer bull market bull market-sums up Jędrzyński.