Romanian developer Hexagon has secured a financing of over €18 million from Libra Internet Bank, for the development of a residential complex in Cluj.

Bucharest's residential real estate sector is experiencing a significant downturn, with a notable drop in both permits and completions, raising concerns about the market's trajectory, according to an opinion by Dr. Sebastian Sipos-Gug - Ebuild srl, Eastern European Construction Forecasting Association (EECFA) Romania.

Meta Estate Trust has exited its investment in The Lake Home residential project developed by Novarion, in a deal valued at €2.65 million.

The Florian Residence project by Alto Real Estate in Bratislava's Old Town has reached another key milestone. Its base building construction has reached its maximum height. 

UBM Development Czechia has launched the sale of apartments in the new Rezidence Na Plzeňce project, which will be built close to Smíchov Railway Station in Prague. 

The Private Rented Sector (PRS) market in Poland has experienced a decade of growth. However, the institutional rental sector is still in its early stages, with the first transaction completed in 2014. The state-owned Fundusz Mieszkań na Wynajem was a pioneer in the market, acquiring the first residential building in Poznań and commencing operations in 2015. Analysts from Avison Young sum up the current situation in the PRS market in Poland.

Fuzja mixed-use complex in Łódź (central Poland) has won two MIPIM Awards. The project was recognized in the Best Urban Regeneration Project category. It also received the Special Jury Award.

Since the beginning of March, UDI Group has started demolishing industrial buildings on the Svitavské riverbank in Brno. In their place, the developer is planning to build the Urban Park residential project. 

Romanian developer Bellemonde is set to expand its residential project in Pipera, near Bucharest, will take the total investment to around €70 million.

More Romanians are looking to rent homes over higher prices and tighter lending conditions, shows a recent survey by Unlock Market Research for Colliers.