Alesonor and Strabag Romania have started construction work for the second phase of the Amber Forest suburb in Tunari, near Bucharest. 

Property developer Speedwell has launched Glenwood Estate, a residential compound in Corbeanca, near Bucharest, with the total investment value estimated to exceed €135 million.

Housing prices in Central Europe have risen dramatically over the past six years, according a report by Cushman & Wakefield, based on data from Builtmind, comparing Bratislava, Prague, Warsaw and Budapest

GTC has signed a €148.8 million loan agreement with Berlin Hyp to refinance its German residential portfolio financing and support further capital expenditure in selected assets.

Crestyl Group and its subsidiary Spravia have signed a €165 million financing agreement with funds managed by Apollo Global Management. Griffin Capital Partners joined as a minority co-investor alongside Apollo funds.

Developer PSN will begin renovating the former intercity telephone exchange on Fibichova street in Prague 3 this summer. The monumental 1926 building will undergo conversion into premium rental housing, with completion planned for autumn 2028.

Over half of Poland’s top 200 residential developers are family-owned firms using domestic capital and most are led by individuals over 50 who lack formal succession plans. According to a JLL Living and Crido report, the frequent absence of a family heir may soon force these owners to sell their businesses.

Penta Real Estate and PSN have received a building permit for the Vinohradská 8 mixed-use project in Prague that will feature apartments, boutique offices and an active ground floor with shops and restaurants.

Developer Matexi Polska, active in the Warsaw and Kraków markets, signed 92 apartment contracts in the first quarter (70 in Warsaw and 22 in Kraków). This represents growth of around 30% compared to the first three months of the previous year, when 71 contracts were signed.

Develia sold in Q1 2025 860 units based on development and preliminary contracts compared to 951 in Q1 2025 and 845 in Q4 2025.