GANT: buy now or pay more later

Listed residential developer Gant announced in early June it would raise the price of flats on offer in three projects, one in Kraków and two in Wrocław.
According to Dariusz Małaszkiewicz, Gant’s CEO, the company has seen "excellent" sales results recently which led to the price increase, while other developers on these local markets have been forced to offer incentives in order to drive sales.
"Sales in April alone accounted for 50 percent of results from the entire first quarter," boasts Małaszkiewicz. He adds that prices could go up in other Gant projects, should the positive sales trend continue.
The price increase in the Kraków project is €60 per sqm, and Gant's customers will pay €40 more per sqm on average in the two Wrocław projects.
Małaszkiewicz hopes the increases won't flatten the dynamics of sales. In the case of one Wrocław project located in the northeastern part of the city by Gorlicka Street, even with the higher prices the offers are still attractive, starting at a mere €1,360 per sqm. Rates on the other Wrocław project, which is on the more centrally located Pomorska Street, now begin at €2,360 per sqm. To buy a flat in the Pod Fortem estate in Kraków, the third project experiencing price increases, one has to pay at least €1,750 per sqm.
All three projects are now under development, with completion scheduled towards the end of the year.

CiJ Journal