Top developers listed on the Warsaw Stock Exchange sold a total of 1700 new homes during the third quarter of this year, noting a 6.8 percent dip when compared to Q3 2011.

After the first nine months of the year, cumulative sales totaled 5100 units, amounting to a 9.8 percent decrease. Experts say however, that there is no threat of a major slump in the sector, at least as far as the top construction and development firms are concerned.

Authors of a report on the state of the Polish real estate market published Thursday by the National Bank of Poland noted that the industry is now undergoing heavy restructuring to adapt to increasing competition and lower demand.

They feel that the situation of the average company in the sector does not warrant major concerns, at least for the moment.

Poland A.M.