Home completions 14.6% down y/y in Poland in H1 2024

Builders in Poland completed 14.6 percent fewer homes in the first six months of this year than in the same period in 2023, the country’s statistics office reported on Monday.

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Around 95,500 housing units were completed nationwide between the start of January and the end of June, the state-run Statistics Poland (GUS) agency said.

According to the preliminary data, 95.5 thousand dwellings were completed in the first half of 2024, i.e. by 14.6% less than in the corresponding period of 2023.https://t.co/nppEmvIKGu#StatisticsPoland #statistics #construction #building #houses pic.twitter.com/Ok9qeq28sY

— Statistics Poland (@StatPoland) July 22, 2024

It added that the number of housing starts in the first half of 2024, at around 122,400 in total, was 43 percent higher than in the same period last year.

Meanwhile, overall output in Poland’s construction-and-assembly sector fell by 8.9 percent in June in year-on-year terms, while increasing by 5 percent month on month, the state-run statistics agency also reported.

According to preliminary data construction and assembly production was in June 2024 by 8.9% lower than in June last year.https://t.co/0nEV8w0wDZ#StatisticsPoland #statistics #construction #production pic.twitter.com/oFLOs1LmUe

— Statistics Poland (@StatPoland) July 22, 2024

Builders completed around 220,400 new homes in Poland last year, a decrease of 7.6 percent from 2022, Statistics Poland said earlier this year in a preliminary estimate.

(gs)

Source: IAR, PAP, stat.gov.pl