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The Warsaw Voice » Real Estate » November 18, 2002
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Housing Doldrums
November 18, 2002   
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In September, 7,774 housing units were completed in Poland, 7.2 percent more than in August and 4.5 percent more than in September 2001, the Central Statistical Office (GUS) reported. Experts say that in all of 2002, about 90,000 new housing units will be completed in Poland.

However, many are new housing only statistically. Many of the buildings officially submitted for registration were in reality completed by private investors several years ago. They are being included in statistics only now because their owners wanted to take advantage of housing construction tax breaks; now they want to avoid expensive administrative procedures scheduled to take effect as of next year.

Since 1999, the number of newly started housing construction projects in Poland has been decreasing consistently. In residential construction, this trend will probably end no earlier than 2004.
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