Budimex.pl

Current report no 59 / 2020

Date: October 2, 2020 2:57 PM

Pre-sales and sales of flats in Q3 2020

The Management Board of Budimex SA informs that in Q3 2020, Budimex Nieruchomości Sp. z o.o. (a wholly owned subsidiary of Budimex SA) concluded 383 preliminary agreements on the sale of residential premises compared to 555 agreements concluded in Q3 2020. Therefore, in the same period between Q1 and Q3 2020, the Company concluded 1199 similar contracts as compared to 1286 contracts concluded in the same period of the previous year.

 

In turn, the number of notarial deeds transferring the ownership of residential premises concluded in Q3 2020 amounted to 465, compared to 282 contracts concluded in Q3 2020. Therefore, in the same period between Q1 and Q3 2020, the Company concluded 1087 similar contracts as compared to 1229 contracts concluded in the same period of the previous year.

 

The good apartment pre-sale figures for three quarters of the year are mainly attributable to a structural demand for apartments in the largest cities. The number of concluded notarial deeds is in line with the hand-over schedule assumed by the Company. Both values show good consumer confidence.

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Shareholdership structure as on 18.06.2020

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