The Warsaw Voice » Other » News - September 11, 2018
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Good times for real estate market
Poland's listed real estate developers continue to enjoy strong margins on sales in the neighborhood of 30%, the daily Parkiet wrote, citing financial reports by select housing developers.
Margins will remain high for another 3-4 quarters, as deals with general contractors for projects to be completed in that time horizon were signed amid still lower construction services prices and developers should also benefit from acceleration in housing prices, but margin contraction further down the road seems inevitable, Haitong analyst Cezary Bernatek noted. The full impact of higher construction costs and higher plot purchase prices will be felt in years 2021-2022, Bernatek predicted.