The stagnation in the domestic market

High total sold production of Polish furniture, which is noted by this sector, certainly is not the merit of the situation in housing industry. The number of new, completed apartments responds to purchasing potential which is low. The dynamic of building permissions forecasts trends of furniture market value and interior decoration, but the dynamic is also not optimistic.

In the period of January-August 2013 data are presented as follow:

  • The number of completed apartments 91 102, which means the decline by about 1,7% in compare to 2012;negative dynamic 0.98;
  • The number of building permissions 91 573, another decline by about 20,6% in compare to 2012; negative dynamic 0,79;
  • The number of apartments which construction were started 85 386, decline by about 19,9% in compare to 2012, negative dynamic 0,81

There are not good results for manufacturers. In all groups ( ie: developers, housing associations and other investors, that are council housing, society, rental and institutional) except of individual investors it was noticed a growth in the number of new apartments.

In the case of apartment, which construction were started and apartments with building permissions, the growth is noticed only in the group ‘other investors’ (council housing, society, rental and institutional).

The clients refrain from making a decision. It proves their pessimism and uncertainty, which is confirmed by data. This situation influence on  refraining with the decisions about renovations and interior design changes. The stagnation on domestic market makes furniture companies more dynamic on foreign markets and makes them more interested in foreign markets.