Romanian real estate developer One United Properties has obtained the building permit for the One Verdi Park mixed-use project that will include office and residential units.

Similarly to 2017, the Airbnb activity in Budapest showed strong growth (25% y-o-y) in overnight stay in 2018 as well, exceeding 1.8 million. This figure reached 70% increase by the end of last year since 2016, says the latest Budapest city report on Airbnb released by Colliers International and Hotelschool The Hague.

Sales of new apartments measured jointly for the six largest markets in Poland increased by 6% q-o-q, according to JLL. The late boom in Poznań and Łódź means records may be broken by the close of the year.

NEPI Rockcastle plans to develop residential projects around the shopping centres it owns in Romania. The company will develop apartment buildings in five cities: Brașov, Bucharest (around Mega Mall and Vulcan), Râmnicu Vâlcea, Satu Mare, and Timișoara.

Cordia continues to expand in Poland: after Warsaw, Krakow and Gdansk, Hungary’s leading apartment developer has entered the market of Sopot, the seaside resort as well, planning to build on the street named after the Polish-Hungarian Friendship Day. With this, the company – having already completed more than 1000 apartments – plans to build some 2600 additional homes across 17 projects in the promising market of the four Polish cities over the following four years.

Spanish-based developer, Gran Via Real Estate, completed the residential project Aviatiei Apartments with 291 units in Bucharest, followinga total investment of €17 million (construction cost, without land value).

Resi4Rent, the first institutional privately-run platform of apartments for rent in Poland, has been granted a use permit to its first building at Rychtalska street in Wrocław. Fitting-out works of apartments are in progress and soon residents will move into the building.

Cordia is now increasing its capital exports and foreign investments. In addition to the Romanian and Polish market, the company also has presence in Spain with a pilot project. All of this fits into Cordia’s strategy to become a dominant property developer at European level, while maintaining Hungary's key role in the company’s operation.

Cordia, a major player in the Hungarian market owning numerous property developments in Romania and in three Polish cities, has started construction of its tallest residential property ever in Warsaw. Being built on the shore of Vistula river, the 164-apartment premium-class building offers easy access to any part of the Polish capital.

Those districts of Warsaw which can be reached by metro are becoming more attractive, according to JLL’s latest report. Can Bemowo match the rapid development taking place in Wola and Praga Północ?