Hungarian lender OTP Bank is providing the largest project financing loan to date for the development of the Duna Terasz Grande apartment complex in Budapest. According to the financing agreement signed recently, OTP provides a HUF 23 billion (appr. €62.8 million) loan for developer D&B Ingatlanfejlesztő-Group. The 790-apartment project is the largest waterfront residential development in the 13th district. It will be handed over in 2023.

Prima Development Group announces the completion of the Boemia Apartments project, whose construction started in 2019 in Bucharest. 

A newly opened project at Taśmowa Street with over 370 apartments joins Resi4Rent buildings in Warsaw Brewery and at Suwak Street.

There were 14,569 residential property deals made in Hungary in February 2021, according to the latest monthly transaction estimate by real estate group Duna House. This marks the highest transaction number of the past ten years. This many homes have not changed owners in a month since early 2011.

Romania Sotheby’s International Realty announced revenue growth of 127% in 2020. Sotheby’s International Realty entered the Romanian market in July 2020 through the association with Artmark Historical Estate, a company founded in 2014 and which belonged to the Artmark group.

Buyers want more rooms, but the minimum area they can accept in a given type of apartment is still decreasing, say JLL analysts.

Cordia Romania, part of Futureal Group, announced the sale of 20% of the apartments in the second phase of the Parcului20 project in Bucharest.

Point Development, the local subsidiary of the Israeli group Shikun & Binui, has successfully completed the LEED certification process for the second construction stage of its residential-scheme City Point, becoming the sixth project in Europe certified LEED-ND and the third certified as Gold. The whole process was coordinated by Colliers Romania.  

Bucharest Properties REIT, a company with American shareholders, announced the completion of the second stage of the Vitan Estates residential complex, an investment of €10 million. In total, the project amounts to a €20 million investment.

In Q4 2020, dwellings' prices in Slovakia increased by 7.3 % compared to Q4 2019, while prices of new dwellings increased by 6,6 % and prices of used dwellings rose by 7.8 %, the Statistical Office of the Slovak Republic announced.