Poland has seen one of the fastest residential rental growth rates in the European Union in the last five years, with rental inflation in major cities rising to double-digit levels. This growth was largely driven by elevated financing costs, inflation and the migration of people to Polish cities. Average rents for a 1-bedroom flat in Warsaw are higher than in Prague, Vienna and Bratislava, but still well below those in London, Zurich or Dublin, says Cushman & Wakefield in its latest report.

YIT has launched the sale of apartments in the tenth stage called Tampere in the Suomi Hloubětín complex in Prague. The high-rise building on Waltariho Street will become the dominant feature of the new Finnish Quarter. The Tampere building is designed to complete the renovated central square of Alvar Aalto.

UBM Development Czechia has completed the Timber Praha project in the Prague-Řeporyje district. The future owners can move in in Autumn this year.

Fetters has joined the residential developers club with the Panorama Braník project in Prague 4. The company has been engaged in comprehensive construction project management since 2013. The biggest challenge so far is the project management of the Vltava Philharmonic in Prague.

YIT Slovakia has presented a pilot project of cooperative housing in Bratislava earlier this year. It is an alternative to mortgage financing of real estate. The developer is now launching its sequel in the ZWIRN 3 project.

YIT is launching the sale of the first stage of the Toivo Roztyly project in Prague 11. The construction of the 1st stage is already underway.

Penta Real Estate is starting to construct a new residential project Mocca Residence in Prague. Near the Českomoravská metro station, Penta is restoring the original city block with almost three hundred new apartments being built here.

The ongoing residential developments in areas near Bucharest count around 28,500 apartments, with Voluntari town and Tunari commune among the locations with the biggest volume of new construction, according to a report by Imobiliare.ro. 

Cresco Real Estate has announced a new partnership in the Slnečnice project in Bratislava's Petržalka district. A strategic partner, WOOD & Company, with whom Cresco Real Estate is already developing the planned Lakeside 3 project in the capital, is entering the part of the Slnečnice nad Mestom project. 

ITB development is changing the plans of the fourth phase in the Čerešne residential district, YIMBA.sk reports. The original intention has included a hotel or an accommodation facility with hotel apartments Čerešne Inn. Now it is being converted into apartment living.