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Haitong Bank: solid perspectives for the primary residential market in Poland

Parkiet, Rzeczpospolita and Puls Biznesu, on forecasts of Haitong Bank for residential developers listed on the Warsaw Stock Exchange.

Haitong Bank analysts expect a continued strong demand for new apartments in Poland in the last quarter of 2017, achieving new historical records in Poland this year, and the supply of new housing will continue to grow in 2018.

- In the fourth quarter of this year there will be a high demand for new apartments, that will continue primarily due to the low-interest rate environment, which makes credit installments more affordable and will likely keep supporting investment demand. Growing public incomes, a historically low unemployment rate, a migration from poles to the main cities and an increasing number of immigrants will also affect this demand for new dwellings in Poland – comments Cezary Bernatek, analyst at Haitong Bank.

Analysts also point out that they expect the industry leaders listed on the Warsaw Stock Exchange - including most of the companies they cover - to increase their market share at the expense of smaller competitors in a short to medium term - as was the case in the past years. This will be due to their wide and well-diversified offers and rich development pipelines.