Demand for luxury historical buildings on rise in Poland

During the first months of the Covid-19 lockdown, developers observed an increased interest from customers in premium apartments. Subsequent months also saw growing sales. When buying properties, investors have been opting more and more for luxury apartments, observes Ghelamco, which saw a lot of interest in the renovated Foksal 13/15 apartments. In the second quarter of 2020, Ghelamco reported a 250-percent y-o-y increase in sales. “The residences at Foksal have had the status of luxury town residences since the very moment they were built in the late 19th century. The revitalization has not only restored them to their former splendour, but they were also adjusted to the top modern standards expected of premium properties,” said Jeroen van der Toolen, managing director for the CEE region at Ghelamco.