The apartments will be constructed on an almost 8-hectare lot in Warsaw’s northern Białołęka district in a project coordinated by state-owned company PFR Nieruchomości, public broadcaster Polish Radio’s IAR news agency has reported.
The planned housing estate at the intersection of Modlińska and Płochocińska Streets will offer 12 residential buildings, mostly with comfortable two- and three-bedroom apartments for families with children, PFR Nieruchomości CEO Mirosław Barszcz said on Monday.
Construction is scheduled to begin in the first quarter of 2022 and be completed in 2024.
In another low-cost housing project in Warsaw, around 2,700 apartments are slated to be built on a 15-hectare lot in the city’s southern Ursynów district.
Polish President Andrzej Duda last year signed into law a bill aiming to speed up the construction of new homes amid a housing shortage.
Builders in Poland completed 12.2 percent more homes in the first nine months of this year than in the same period in 2018, the country’s Central Statistical Office (GUS) reported this month.
According to a recent study, Poland is building the largest number of new dwellings in Central Europe, but not enough to meet demand.
There is still a shortage of around 2.1 million housing units in Poland, according to estimates by real estate experts HRE Think Tank.
(gs/pk)
Source: IAR