Home completions down in Poland in first two months of 2024

Builders in Poland completed 11.7 percent fewer homes in the first two months of this year than in the same period in 2023, the country’s statistics office reported on Thursday.

Pixabay License

Image by MichaelGaida from Pixabay

Around 30,800 housing units were completed nationwide between the start of January and the end of February, the state-run Statistics Poland (GUS) agency said.

According to the preliminary data, 30.8 thousand dwellings were completed in the period of January-February 2024, i.e. by 11.7% less than in the corresponding month of 2023.https://t.co/IQ2flhF1W3#StatisticsPoland #statistics #construction #ResidentialContruction pic.twitter.com/ZH6v4MdCSz

— Statistics Poland (@StatPoland) March 21, 2024

It added that the number of housing starts in January and February, at around 36,300 in total, was 79 percent higher than in the same period last year.

Meanwhile, overall output in Poland’s construction-and-assembly sector fell by 4.9 percent in February in year-on-year terms, while increasing by 12.1 percent month on month, the state-run statistics agency also reported.

According to preliminary data construction and assembly production was in February 2024 by 4.9% lower than in the same period of 2023 and by 12.1% higher as compared to January 2024.https://t.co/tx9E01KcKh#StatisticsPoland #construction #production pic.twitter.com/sRJFC4TKiO

— Statistics Poland (@StatPoland) March 21, 2024

Builders completed around 220,400 new homes in Poland last year, a decrease of 7.6 percent from 2022, Statistics Poland said earlier this year in a preliminary estimate.

(gs)

Source: IAR, PAP, stat.gov.pl