Tuesday, 15 September 2026
Archicom is preparing to invest between PLN 500 million and PLN 600 million in residential land during 2026 as the developer continues to increase its housing pipeline across Poland’s largest cities. The acquisition programme comes alongside plans for another year of higher residential activity, with Archicom maintaining its target of selling between 3,200 and 3,500 homes during 2026, following 2,847 sales last year. The group is also targeting between 3,000 and 3,200 handovers during the year.
The scale of the planned land expenditure provides a broader indication of Archicom’s expectations for the Polish housing market beyond its current development programme. Rather than slowing site acquisitions as its existing pipeline expands, the company is continuing to commit significant capital to securing locations for future projects. Archicom has already been building up its development reserves, with its land bank representing potential for 10,763 homes at the end of 2025 and increasing further during the first half of 2026.
Competition for suitable residential sites remains an important factor for Poland’s larger developers. Limited availability of appropriately designated land, competition between buyers and lengthy administrative procedures can constrain the creation of new housing supply, particularly in the country’s largest urban markets. Maintaining a substantial reserve of future development sites therefore gives larger developers greater control over the timing and scale of their construction programmes.
Archicom’s sales performance during the first half suggests that the company is entering its next acquisition phase while its development activity is also increasing. The wider residential platform recorded 1,321 sales during the first six months, including homes sold from projects managed for Echo Investment, compared with 1,162 during the same period of 2025.
Deliveries increased even more rapidly. Across Archicom and the residential projects it manages for Echo Investment, 1,137 homes were handed over during the first half, compared with 404 a year earlier. Archicom’s own projects accounted for 983 of the homes recognised during the period.
The higher volume of completed housing contributed to a sharp improvement in the developer’s first-half financial results. Consolidated revenue increased by approximately 92% year on year to PLN 624.5 million, while operating profit approached PLN 100 million. Net profit attributable to shareholders reached PLN 74.4 million, reversing a loss of approximately PLN 1.1 million in the first half of 2025.
Profitability will remain an important consideration as Archicom increases the size of its development programme. The gross margin generated by homes from its own projects stood at 29.2% during the first half, compared with 31.5% a year earlier. Gross profit nevertheless increased substantially because significantly more homes were delivered. Management’s longer-term objective is to maintain residential gross margins within a range of approximately 30–40%.
The company’s product mix is also changing as it expands. Housing aimed at the broader market accounted for around 40% of sales in 2025, with Archicom expecting the proportion to move towards 50%. This gives the land acquisition programme additional significance because future sites will need to support both greater development volumes and housing at price points capable of reaching a wider group of buyers.
Archicom is active across Poland’s principal residential markets, including Warsaw, Wrocław, Łódź, Poznań, Kraków and Katowice, while the Tricity area has also been identified as a potential direction for further expansion. The location of future land purchases will therefore be closely watched as an indication of where the developer expects the strongest opportunities for additional housing supply.
For the Polish residential market, the most important element of Archicom’s 2026 plans is not simply the improvement in its half-year earnings but the continued accumulation of development land. Several hundred million zlotys of additional acquisitions would extend a pipeline that has already grown substantially and provide sites for projects reaching the market over the coming years.
The strategy suggests Archicom is preparing for further expansion rather than treating the current increase in sales and deliveries as a short-term peak. Where the PLN 500–600 million is ultimately deployed will provide a useful indication of which Polish cities and residential submarkets the developer considers capable of supporting its next phase of housing development.
