edition:
polskienglish
log in | register

reklama

Ambitious Cordia



"Wages are rising and unemployment is very low, so there are a lot of potential buyers and renters of apartments," told us Michał Melaniuk, managing director, Cordia Polska

"If there is demand for rented apartment, somebody will want to buy them. So this is a market of individual investors, who buy apartments on a mass scale to rent them. And the market is in robust health. The entire economy is strong, so it does not seem as though anything could change. For sure, the next 12 or 25 months will be also good. However, this means that there are other challenges. Land purchases are not so easy and it is even more difficult to estimate construction costs. This has resulted in pushing up labour costs and the increased activity of construction companies as construction costs have risen. This is a challenge, but the residential market in Poland seems to be in a very good condition anyway," said Michał Melaniuk.

"Cordia has ambitionto be the largest or one of the largest developers in the region. Now we are the largest developer in Hungary, where we sell over 1,000 apartments annually. We would like to be at the same level in Romania, where we are starting our first project after a long time. In Poland, we have projects in Kraków, Warsaw and we are preparing to start one in the TriCity– this should take place around mid-2018. We would like to reach the level of 1,000 apartments sold in all these three markets and I think this will be possible within two or three years," said managing director of Cordia Polska.

Newsletter
Want to know more? Sign up for the Newsletter


reklama
reklama

conferences

The 4th Invested Interest - Investment Market Conference
17th Eurobuild CEE Golf Tournament
13th Eurobuild CEE Tennis Tournament
The 9th Conference Office Market for Poland
Eurobuild Awards 2018
Newsletter
Receive the newest information from realestate world by e-mail
reklama

reklama
About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.