Sales transactions of residential property across Poland proved better than expected in Q3 2010 despite the holiday period, with prices now stabilising according to a report by REAS.

Total sales results for the six analyzed city markets in Q3 2010 are marginally higher than in Q2.

The REAS report stated: ‘In terms of sales, Q3 2010 proved better than expected. The holiday period usually results in a drop of the number of transactions after intensive sales during the spring months. The current result was probably caused to some extent by delayed transactions from Q2. Another reason for the improvement was the intensification of sales operations by developers, combined with price reductions.’

Economic growth is predicted to get close to 3.5% for 2010 as the Polish economy has noticeably accelerated throughout the year to date.