The popularity of the scheme highlights the difficulties many Poles face in finding housing.
The popularity of the scheme highlights the difficulties many Poles face in finding housing.
Its quarterly growth was the highest in the EU, after the introduction of a mortgage subsidy scheme for first-time buyers stimulated demand.
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The almost 700-hectare area east of the city centre will house around 100,000 people as well as culture, sport and business spaces.
The sites, which were developed in the 1990s, are “relics of another time”, says the city.
The housing market has been boosted by all-time low interest rates and galloping inflation.
Anna Rzhevkina
Prices are growing at one of the fastest rates in the EU, and could be further stoked by the government’s economic plan.
Almost 222,000 new homes were delivered in Poland in 2020.
It is the first such agreement in Central and Eastern Europe.