The VAT for new home purchases will climb to 21% starting next month, as part of Romania’s effort to balance its public finances.

Yitzhak Hagag, Co-Founder and Chairman of Hagag Development Europe, talked to Property Forum about the company's investment pipeline north of €360 million and its ongoing developments in luxury retail, offices, residential and mixed-use projects.

The historic market hall (Hala Targowa) in Gdańsk, built at the end of the 19th century, is undergoing a major revitalisation led by Apsys, a company known for transforming historic urban spaces into vibrant, multifunctional destinations. The €32 million (PLN 141 million) investment aims to turn the hall into a dynamic culinary and cultural hub, seamlessly blending modern functions with respect for its historical fabric.

Harden Construction is developing two industrial halls as part of Panattoni Park Warsaw North III in Kobyłka, just 25 km from central Warsaw. The project, which started in Q2 2025, is set for completion in Q4 2025. The halls will have areas of 13,000 sqm (Hall A) and 33,000 sqm (Hall B). One of the tenants, PBS Connect, will occupy 24,000 sqm in Hall B.

Penta Real Estate Slovakia has started the sale and construction works of the new Bory Nádvorie residential phase in the Bratislava Bory district. 

Českomoravská Nemovitostní has tested facade cleaning of its commercial buildings using drones. They are replacing suspended structures and chemicals.

Digital Park II in Bratislava from the Alto Real Estate portfolio has defended the highest rating for environmentally sustainable operation.

Develia has finalised the acquisition of 100% of shares in Bouygues Immobilier Polska, the Polish branch of French developer Bouygues Immobilier, for €65.9 million (approx. PLN 279.4 million). The deal expands Develia’s residential project portfolio, particularly in Warsaw, Poznań, and Wrocław, and supports the company’s strategic growth plan focused on Poland’s largest housing markets.

Romania is increasingly establishing itself as a key industrial hub within CEE driven by a confluence of factors including production relocation, burgeoning investments in logistics, and a heightened focus on ESG standards, finds a Colliers report.

Romania's commercial real estate market recorded a total transaction volume of €386 million in H1 2025, down 7.4% compared to the same period last year, according to iO Partners.