The price of newly built homes in Budapest rose more than 8% in the three months between August and November and the average price per square metre is now nearly HUF 1.1 million (€3,000), Eltinga’s latest Budapest Housing Report shows. Below is a breakdown of new home prices by district.

Duna House Group has signed an agreement for the acquisition of 70% of the Italian HGroup with future put/call options that can increase its ownership to 100%.

Property company Hagag Development Europe has taken over a land plot of 1,362 sqm in the high-end area of Primăverii in Bucharest for €8 million plus VAT. 

Properties in the mountain tourist areas have become more interesting for investors, according to a report by Savills, with demand having grown significantly in the first quarter of this year. 

Polish/German-based investment group 4FI has launched a new convenience centre brand in Poland at the beginning of December. The first location of MOZAIKA in Kraków is located on the site of a former Tesco hypermarket.

Skanska has started the construction of the first stage of the NU! Warszawa Wola, comprising 145 apartments. The completion of the investment is scheduled for the last quarter of 2023.

The multimodal complex next to Brno Airport, jointly developed by Brno Airport, belonging to the Accolade Group, and developer Panattoni, is now fully leased. Tenants such as Coca Cola, DHL or Zásilkovna are now joined by major companies s Erba Lachema from the Erba Group, Noviko and Reda.

Kid Group has kicked off the development of a new residential complex in northern Bucharest following an investment of €35 million. 

PPF Real Estate Holding has entered the Polish market with the acquisition of New City, a prime business park in Warsaw. Poland and the United States are the new commercial property markets where PPF Real Estate Holding has begun operating this year. The company owns properties also in the Czech Republic, Netherlands, Romania, the UK, Germany and Russia.

Colliers reveals that 57% of EMEA investors (and 60% of global investors) chose quality office assets in major markets as their top strategy picks. European cities like London, Paris, Berlin and Munich have retained their allure and will be in high demand next year.