1,000 low-cost flats to be built in Warsaw

Sustainability

Photo by Isaaack/Shutterstock.com

About 1,100 low-cost apartments for rent will be built in northern Warsaw as part of the Polish government’s "Home-plus affordable housing program," executives have said. 

Polish President Andrzej Duda signed a bill to speed up new home construction last year (photo by Isaaack/Shutterstock.com)

The apartments will be constructed on an almost 8-hectare lot in Warsaw’s northern Białołęka district in a project coordinated by state-owned company PFR Nieruchomości, public broadcaster Polish Radio’s IAR news agency reported. Construction is scheduled to begin in the first quarter of 2022 and be completed in 2024.

In another low-cost housing project in Warsaw, around 2,700 apartments are slated to be built on a 15-hectare lot in the city’s southern Ursynów district.

Polish President Andrzej Duda last year signed into law a bill aiming to speed up the construction of new homes amid a housing shortage.

A recent study reveals that Poland is building the largest number of new dwellings in central Europe, but not enough to meet demand. There is still a shortage of around 2.1 million housing units in Poland, according to estimates by real estate experts HRE Think Tank, IAR noted.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.