No Image

Pre-sales of Oak Terraces started

April 13, 2012 Katowice the City 0

At the beginning of April, Immofinanz Group started the official pre-sales of the third stage of Oak Terraces (“Dębowe Tarasy”) – a residential project realized by its subsidiary Buwog International. A promotional campaign was also launched at the same time.

According to the developer, the successful completion and sale of the estate’s stage I and II combined with the rising demand for upmarket middle class apartments made the Austrian based Immofinanz Group decide to further extend the residential project.

No Image

Difficulties vs. plans

June 29, 2011 Katowice the City 0

The housing estate market in Katowice is still the most immature in comparison with the biggest cities of Poland and prices hardly exceed PLN 5 100 per one square meter on average. However, developers active at the City’s market plan to start new residential schemes in the nearest future.

As it was in most of regional Polish cities, Katowice has been suffering from an outflow of residents over the recent years and the number of flats on the secondary market rose.