Home completions down in Poland in Q1 2024

Builders in Poland completed 11.9 percent fewer homes in the first three months of this year than in the same period in 2023, the country’s statistics office has reported.

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Around 48,800 housing units were completed nationwide between the start of January and the end of March, the state-run Statistics Poland (GUS) agency said.

According to preliminary data, from January to March 2024, 48.8 thous. dwellings were completed, i. e. 11.9% less than in the corresponding period of 2023.https://t.co/bFxOXGVgj4#StatisticsPoland #statistics #housing #constructionHousing #building #houses pic.twitter.com/XlF9yeX7Op

— Statistics Poland (@StatPoland) April 22, 2024

It added that the number of housing starts in January, February and March, at around 60,100 in total, was 55.8 percent higher than in the same period last year.

Meanwhile, overall output in Poland’s construction-and-assembly sector fell by 13.3 percent in March in year-on-year terms, while increasing by 19.1 percent month on month, the state-run statistics agency also reported this week.

According to preliminary data construction and assembly production was in March 2024 by 13.3% lower than in the same period of 2023 and by 19.1% higher as compared to February 2024.https://t.co/XtlrPcCglQ#StatisticsPoland #construction #production pic.twitter.com/cH13DEW1OC

— Statistics Poland (@StatPoland) April 22, 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