The Polish construction market looks to the future with hope for the activation of KPO funds. A significant portion of these funds will go to investments in sustainable transport, transformation, and energy efficiency. Tens of billions of euros from EU funds to be spent, along with announced investment plans, raise hopes for the development of the construction industry in 2024. Another big opportunity will also be the planned increase in investment spending by GDDKiA to a whopping 19.5 billion PLN.
The development of infrastructure projects will allow construction companies and hence also building material producers to reorient to new tracks, which in the current situation seem very promising, especially in the context of the latest data published by GUS. The Central Statistical Office did not present optimistic data on residential construction. According to preliminary calculations, in 2023 developers handed over 136,5 thousand apartments, which is 5.2% less than the previous year, while individual investors delivered 79.6 thousand, which is 12.3% less. The number of single-family homes started also fell significantly – after the record-breaking 2021, when Poles started building over 100,000 houses, in 2023 this number was just under 69,000.
A stronger turn towards investments that will gain EU funding and will not largely rely on the creditworthiness of Poles or the richness of their portfolios and their solvency, could be a solution for maintaining appropriate business dynamics.
Sławomir Majchrowski, President of Selena Group
