The Murapol Group, one of the largest and most experienced residential developers in Poland, delivered 1,720 units to retail customers in the first three quarters of 2024, compared to 2,234 handovers in the same period of 2023 (˗23.0% y/y), in line with the project completion timetables. The group generated sales revenue of PLN 786.3 million (˗18.7% y/y), and earned a net profit of PLN 131.8 million (˗30.6% y/y).
Despite the market uncertainty observed during the period, through the first three quarters of 2024 the group signed 2,084 development contracts and preliminary contracts with customers (+0.4% y/y). The total net sales to retail customers in the period (development contracts, preliminary contracts, and paid reservation agreements, excluding cancellations) were 2,234 units (vs. 2,229 in 1–3Q 2023). The most apartments were sold in Łódź (479), Poznań (419) and Gdańsk (320). Units priced below PLN 600,000, enjoying the most demand, accounted for nearly 90% of the group’s total sales.
In the first nine months of 2024 Murapol introduced 3,194 units to its offer (+22.1% y/y) in 11 cities, including the new operating market of Lublin. At the end of 3Q 2024 Murapol had 4,736 units on offer (+48.8% y/y), one of the biggest portfolios on the Polish market, with an active land bank with a capacity for construction of nearly 22,000 units in 19 cities.
