Based on development and preliminary agreements, Develia sold 2060 properties in the first three quarters of 2023, compared to 1225 properties in the same period last year, indicating a rise of 68%. In the third quarter alone, the developer sold 876 properties, a 236% increase compared to the 261 properties sold in the third quarter of 2022.
Since the beginning of 2023, Develia has sold 2060 properties and has also entered into 268 reservation agreements, which could potentially be transformed into development agreements in the near future upon customer decisions.
“We have just finished a quarter with the highest sales in the company’s history. We are steadily increasing our market share and establishing ourselves among the leading developers. We have been observing a significant improvement in the housing market in recent months. The ‘Secure Loan 2%’ program is undoubtedly a factor supporting demand, but we also see a return of other customers using credit facilities and high activity of cash customers. Our main priority for the fourth quarter is handovers and working on projects that will expand our offer at the turn of the year.” – says Andrzej Oślizło, CEO of Develia.
In the third quarter of 2023, the most apartments were sold in the Aleje Praskie and Krakowska Vita in Warsaw, Orawska in Wroclaw, and Ceglana Park in Katowice.
From July to September 2023, Develia handed over 632 apartments in comparison to 420 in the same period last year. Since the beginning of the year, the developer has handed over 1298 apartments compared to 626 in the same period of 2022, a 107% increase. According to the project schedule, a surge in handing overs is expected in the fourth quarter, which will have a positive impact on Develia’s results for 2023.
In July, Develia acquired 100% of the shares in Polish subsidiaries from Nexity, a French development company. As of the date of purchase, Nexity had approximately 1400 apartments in Poland at various stages of construction and a land bank for about 2100 apartments. In addition, Nexity has entered into preliminary agreements to purchase land that would enable the construction of approximately 2300 additional apartments. After the takeover of Nexity’s companies, Develia’s land bank contains approximately 10,000 apartments.
