Home completions 10.9% down y/y in Poland in first eight months of 2024

Builders in Poland completed 10.9 percent fewer homes in the first eight months of this year than in the same period in 2023, the country’s statistics office has reported.

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Around 128,800 housing units were completed nationwide between the start of January and the end of August, the state-run Statistics Poland (GUS) agency said.

According to the preliminary data, 128.8 thousand dwellings were completed in the first eight months of 2024, i.e. by 10.9% less than in the corresponding period of 2023.https://t.co/ITHyQ4eRiq#StatisticsPoland #statistics #ResidentialConstruction #constructions #houses pic.twitter.com/4QMb8RdlNX

— Statistics Poland (@StatPoland) September 23, 2024

It added that the number of housing starts in the first eight months of 2024, at around 162,200 in total, was 35.4 percent higher than in the same period last year.

Meanwhile, overall output in Poland’s construction-and-assembly sector fell by 9.6 percent in August in year-on-year terms, while decreasing by 1.5 percent month on month, the state-run statistics agency also reported last week.

According to preliminary in August 2024 data construction and assembly production was by 9.6% lower than in August last year. https://t.co/9qrP455QQ1 #StatisticsPoland #statistics #construction #production pic.twitter.com/ArLtnX6P1g

— Statistics Poland (@StatPoland) September 23, 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