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Atal SAAtal expects significant rebound in housing sales; aims for 4k flats sold per year in 2026-27
Listed housing developer Atal expects a significant rebound in housing sales in the market and assumes that it will be able to sell 4,000 flats each year between 2026 and 2027, the group's board representatives told a video conference following the publication of Atal's financial report for the first quarter of 2025. A difficult situation prevails in the land market.
"The market situation that has dragged on for more than a year is difficult, we had to find a way to get good results. (...) The process of interest rate cuts will take time, we had to arrange projects to get to a point where rates are lower and more sales are possible in the market," said Atal's CEO Zbigniew Juroszek.
"We have moved them towards 2026-2027, and on current sales we do not have a problem, we have a stock of about 200 flats, so it is not a huge number (...). We have accumulated investments for 2026-2027," he added.
The CEO assessed that in Atal's view, the market's outlet has been hampered and accumulated.
"(...) there will be a significant rebound in sales (...) We have been developing the potential, and if we assume that we should easily sell 4,000 flats in 2026-2027, then having a base and the ability to serve it is needed," Juroszek said.
"We have that base, and we are fully prepared and convinced that we will succeed, and we are aiming for that," he stressed.
In the first quarter of 2025, the developer concluded 348 development and preliminary agreements.
In 2024, the Atal group concluded 2,068 development and preliminary agreements. In 2023, the number of units sold was 2,833.
As the group's representatives reported, in the first quarter Atal launched five projects with 870 flats and launched the sale of four developments with 800 apartments.
The net margin in the first quarter of 2025 was around 12.5 percent, against 24.7 percent recorded in the prior year period.
The CEO said that the margin may vary from quarter to quarter, but Atal is aiming for a net margin of around 20 percent for the year.
According to the board, there is a bad situation on the land market, and it is difficult to acquire land at the moment.
"There is a very bad situation when it comes to land. We have a long-accumulated base, and we are making investments (...) but with acquisition it is bad, the supply is depleting, almost no local plans are coming in and the resources of state land, municipal land have not been activated," CEO Juroszek said.
He added that the growth rate of land prices has slowed down.
"We have no problems with carrying out investments and all of them are being developed according to schedule," the CEO stressed.
doa/ ao/