ARTICLES IN Residential TOPIC

News House prices reach record high in Hungary 
18
May
2022

House prices reach record high in Hungary 

by Property Forum
House prices in Hungary have reached a new record in 2021. In Q4 2021, the biggest jump occurred in secondary cities compared to the last quarter of 2020 (25% year-on-year) followed by Budapest (11% year-on-year), the National Bank of Hungary (MNB) reports.
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News IMPACT Developer & Contractor records Q1 profit growth of 49%
17
May
2022

IMPACT Developer & Contractor records Q1 profit growth of 49%

by Property Forum
Romanian IMPACT Developer & Contractor has recorded a gross profit of 16.7 million lei (€3.3 million) in the first quarter of 2022, up 49% compared to the same period of last year over higher residential sales. 
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News Prime Kapital gets permit for resi project in Ploiești
16
May
2022

Prime Kapital gets permit for resi project in Ploiești

by Property Forum
Property developer Prime Kapital has received the building permit for Pleiades Residence in Ploiești and will start construction by the end of spring.  
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News One United Properties Q1 2022 turnover up 81%
16
May
2022

One United Properties Q1 2022 turnover up 81%

by Property Forum
Romanian developer One United Properties said its first quarter turnover gained 81% to €70.5 million compared to Q1 2021, while its gross profit rose almost fourfold to €42 million over higher residential sales and rental income. 
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News Prague 3 spokes out against UDI project
16
May
2022

Prague 3 spokes out against UDI project

by Property Forum
Prague 3 has spoken out against a development project planned by the developer UDI Group in Žižkov. The town hall is bothered by the size of the project. The developer accuses the authority of arbitrariness and threatens to sue. Martin Roman, an ex-CEZ Group boss, has a stake in the project, writes seznamzpravy.cz.
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News DRFG to build multifunctional complex in Olomouc
13
May
2022

DRFG to build multifunctional complex in Olomouc

by Property Forum
Investment group DRFG has acquired land near the main railway station in Olomouc (the eastern province of Moravia in the Czech Republic) in March this year and plans to build flats and commercial premises there. It plans to build a multifunctional residential complex with retail space and offices on this brownfield site with a total market value of CZK 2.6 billion and an area of 43,000 sqm by 2025. The architectural design of the complex is currently being finalised. DRFG Group informed about its new acquisition and construction plans in a press release today.
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News Hagag to develop new resi project in Bucharest
13
May
2022

Hagag to develop new resi project in Bucharest

by Property Forum
Property developer Hagag Development Europe will invest over €20 million in H Primăverii 1, a new residential project comprising 18 apartments and 700 sqm of commercial spaces.
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News Penta's resi project Bory in Bratislava starts 5th phase
12
May
2022

Penta's resi project Bory in Bratislava starts 5th phase

by Property Forum
The fifth stage of the Bory Housing residential project is being prepared in the newly emerging Bory district in the northwest of Bratislava. This week the documentation for the Environmental Impact Assessment (EIA) was submitted. At the same time, documents for obtaining a zoning decision are being prepared. The fifth stage will bring 366 apartments to the site with construction expected to start in the first half of 2024, the developer announced this week.
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News Average price of older Czech flats exceeds CZK 90,000 per sqm
09
May
2022

Average price of older Czech flats exceeds CZK 90,000 per sqm

by Property Forum
The average price of an older apartment in the Czech Republic exceeded CZK 90,000 per sqm for the first time in Q1 2022, according to a study by the real estate group European Housing Services (EHS). In Prague, an older apartment costs more than 120,000 per sqm and in Brno, it is over 90,000. Rents have returned to prices before the coronavirus crisis, the Czech News Agency quotes the EHS report.
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News Romanian home prices increase in April
05
May
2022

Romanian home prices increase in April

by Property Forum
Asking prices for apartments in Romania rose by an average of 3.2% to €1,707 per sqm in April compared to the previous month, while on a 12-month basis prices expanded by 22.3%, according to a report by Imobiliare.ro platform. 
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Latest news


New leases

  • Elegance Decor, the home & deco company, has leased 400 sqm in Bucharest-based Equilibrium 1 for its new office. The building has a total leasable area of 20,700 sqm and was developed by Skanska.
  • Majorel Polska, an international outsourcing services provider has extendied a lease agreement for the next 2 years and leased additional 400 meters for a new project - IT Hub in recently modernised Globis Poznań by GTC. It now occupies 3 200 sqm of A-class workspace. CBRE has advised Majorel Polska on concluding the lease contract.
  • NEPI Rockcastle Poland has extended its office lease agreement and enlarged its premises in the Cosmopolitan Twarda 4 building in Warsaw city centre. The shopping centre owner and operator now occupies 1,500 sqm of offices in the building.

New appointments

  • AXI IMMO decided to develop and expand its operational activity with an offer of complex services in property valuation. Grzegorz Chmielak was appointed as the Head of the new service line, and he will also manage the Capital Markets Department.
  • Tamás Kiss has joined Hungarian asset management company Diófa Alapkezelő Zt. and has been appointed deputy CEO. Previously he worked for several brokerage firms as a director of asset management and director of investment or compliance unit.
  • Tomasz Pietrzak, with MLP Group for more than five years, has been promoted to the position of Leasing Director Poland. Until recently responsible for the commercialisation of warehouse space in the Warsaw region, now he will manage leases across Poland.


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