On the plot purchased by Ciril at ul. An apartment building will be built on Przyokopowa in Warsaw. – This is one of the last such transactions in Wola – admits Michał Różycki, director of the living sector at Greenfields. At ul. Przyokopowa in Warsaw’s Wola district – Ciril, a company belonging to the Belgian Democo group, will build a small apartment building with 51 apartments.
It’s not only in Warsaw that things are getting tight. In large cities – apart from Poznań and Łódź – there are no housing plots available for development. There is a lot of frozen land in the National Real Estate Resource, including: for the Mieszkanie Plus program, which turned out to be a failure. They should hit the market immediately. Purchase of a plot at ul. Przyokopowa in Warsaw for multi-family development was one of the last such transactions in this district.
There are small warehouse buildings on the plot purchased by Ciril.
These are the post-industrial areas of Wola, dominated by brownfield land. In this case, there were small buildings located on the plot for years, used in the past by small businesses – explains Michał Różycki, director of the land real estate department of the living sector at Greenfields.
As the expert points out, the purchase of a plot at ul. Przyokopowa for multi-family development was one of the last such transactions in Wola. There are no similar plots in Warsaw.
We are looking at all land that has residential potential. We are currently working on several large post-industrial areas, which we intend to “arm” with resolutions on the location of a residential investment. Their total potential is approximately 200 000 sqm PUM. However, this requires at least two years of work, says Michał Różycki.
It’s not only in Warsaw that things are getting tight. In general, in large cities – apart from Poznań and Łódź – there is a shortage of residential plots. For many years, the local government has been trying to limit the spread of development into the suburbs. It is also not acceptable to increase the density of buildings in districts located closer to the center. Unfortunately, the effect of these activities is that the price per square meter in Warsaw is currently PLN 16 000 PLN, and in the next few or several months it will probably reach PLN 20 000 PLN – calculates Michał Różycki.
This is a level unattainable for most young people. A 2% loan doesn’t help much either.
Subscribers can read more information on this subject in an article published on the Property News website: