Brief: Dom Development CEO Says Inflated Rental Costs Will Increase Demand For Housing

Dom Development SA

18/03/2022 10:20

March 18 (Reuters) - Dom Development SA  DOMP.WA :
    * CEO SAYS THIS YEAR WILL BE YEAR OF STRENGTHENING OF OUR
POSITION
IN CRACOW - CONF CALL
    * RUSSIAN INVASION OF UKRAINE WILL HAVE NOT ONLY SHORT-TERM
BUT
ALSO LONG-TERM IMPACT ON HOUSING MARKET IN POLAND
    * POLISH HOUSING MARKET IS VERY VOLATILE RIGHT NOW - CONF
CALL
    * COMPANY DECIDED TO DELAY DECISION ON DIVIDEND PAYMENT DUE
TO
MARKET UNCERTAINTY - CONF CALL
    * COMPANY SEES INCREASING PRICES OF CONSTRUCTION MATERIALS -
CONF
CALL
    * INCREASE OF PRICES OF CONSTRUCTION MATERIALS DOES NOT
HINDER
THEIR PROFITABILITY - CONF CALL
    * IN OUR OPINION LOW SUPPLY OF FLATS WILL INCREASE IN LONGER
PERSPECTIVE IN LIGHT OF FLOW OF REFUGEES FROM UKRAINE - CONF
CALL
    * ALL CONSTRUCTION WORKS ARE ON TIME, WE HAVE SECURED
AVAILABILITY
OF SUBCONTRACTORS - CONF CALL
    * INTEREST RATE HIKES ARE CAUSING LIMITATIONS TO LOAN
AVAILABILITY
- PRESENTATION
    * INFLATED RENTAL COSTS WILL INCREASE DEMAND FOR HOUSING -
PRESENTATION

Further company coverage:  DOMP.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))