Romania's land market demonstrated robustness in 2024, registering a transaction volume similar to 2023, of around €450 million, despite economic and political uncertainties, according to a Colliers report.

157 studios from 33 countries in Europe, America and Asia have applied to the competition for the revitalisation of a brownfield and the construction of new city blocks in Prague's Florenc. An international jury led by renowned German architect Stefan Behnisch has selected the advancing teams of four concurrent architectural competitions. 

iO Partners and Miebach Consulting have formed a new partnership to deliver enhanced real estate and supply chain solutions across CEE.

Immocap and the Municipality of the Capital City of the Slovak Republic Bratislava have signed a Memorandum of Understanding and Joint Action on the Istropolis project. The key point of cooperation between the city and the developer is the space for culture and events.

YIT has announced its record sales in 2024, selling 416 units in connection with the gradual market recovery, representing a more than double increase compared to 2023 with 198 apartments. 

VGP NV has announced its results for the financial year ended 31 December 2024. During the year, new and renewed leases have been signed at a historically high level and net profit has increased by 229% compared to 2023. 

The Timișoara City Hall recently approved the Zonal Urban Plan (PUZ) for a new urban regeneration project by Țiriac Imobiliare, owned by Romanian billionaire Ion Țiriac.

In January 5 years have passed since the European Parliament approved the Green Deal. The construction industry is accountable for 39% of global carbon dioxide emissions. The pressure to reduce emissions from clients, banks and legislation is only increasing, comments Jakub Škaloud, Project Manager and Head of the Building Differently team at VCES, one of the general contractors of Czech buildings.

Investment activity in the commercial real estate market in the Czech Republic has shot up sharply in the last quarter of 2024. After rising yields in 2022 and 2023, "prime yields" have stabilised in 2024 and the market has found a new price equilibrium, according to Colliers' regular quarterly survey. 

According to an analysis by Savills, office development in Prague has been declining rapidly since 2021. This trend is confirmed by 2024 figures.