Develia sells 1,699 units in first half of 2025

In the first half of 2025, Develia sold 1,699 apartments through development and preliminary agreements, marking a 13% decrease compared to 1,949 units sold during the same period last year. This total includes 12 units from joint venture projects.

During the same period, the company handed over 1,193 units to buyers, representing a 13% increase from 1,057 units a year earlier. Of these, 184 units were part of joint venture developments. As of the end of June, Develia held 72 reservation agreements, most of which are expected to convert into development agreements in the near future.

“In the first half of the year, we slightly exceeded our targets for this period and are steadily implementing our plan, maintaining our annual target of 3,100 to 3,300 units, which does not yet include the acquisition of Bouygues Immobilier Polska,” said Andrzej Oślizło, President of Develia. He noted that recent interest rate cuts have been a positive signal for the residential market, as lower financing costs and improved mortgage availability could help revive demand in the coming quarters. However, he cautioned that credit costs in Poland remain relatively high compared to other European markets and that further reductions are likely to take time.

Oślizło also confirmed that Develia is awaiting the decision of the Office of Competition and Consumer Protection (UOKiK) regarding the planned acquisition of Bouygues Immobilier Polska. “The transaction will have a significant impact on sales volume next year and in subsequent years, supporting further growth of our market share,” he said.

In the second quarter of 2025 alone, Develia sold 748 units, compared to 911 units in the same quarter of 2024. The company handed over 670 units in the second quarter, up from 459 units during the same period last year.

Notable projects contributing to sales include Przemyska Vita and Południe Vita in Gdańsk; Ceglana Park in Katowice; Centralna Vita and City Vibe in Kraków; Unii Lubelskiej Vita in Poznań; Bemowo Vita and Oliwska Vita in Warsaw; and Orawska Vita and WUWA Vita in Wrocław.

Image: Wroclaw, Traugutta Vita - Develia