The Polish luxury real estate market is relatively young, with its assets constituting only a small percentage of the overall housing market, while the value of this niche stands at around PLN 3.5 billion (€840 million), according to a Walter Hertz report. 

Penta Real Estate and Komerční Banka have agreed on financing the construction of the residential project Mocca Residence. The credit is corresponding to the costs to be invested in the project by Penta. 

The foundation stone of the second stage of the SO-HO Rezidence by Cresco has been laid in Prague's Holešovice.

Walter Herz has launched a new department specialized in the high-end residential segment in Poland, which will be led by Katarzyna Goryszewska as Head of Luxury Residential Agency.

Penta Real Estate and the XPlace platform owned by the Archdiocese of Prague, have decided to continue their cooperation in developing rental housing. XPlace has agreed to acquire two apartment buildings with 62 residential units in the Nová Waltrovka in Prague 5. 

Hungarian developer Cordia plans to add over 1,000 apartments this year, in Budapest, with three-quarters of this supply hitting the market in the first quarter alone. This expansion will increase the availability of new homes in the city by 20% compared to the end-of-year stock.

Penta Real Estate is planning to continue its development activities in Prague 6, in the Veleslavín area. For this purpose the developer is establishing a joint venture with Radek Pokorný and his new development group Engine Prague Development. 

Poland is one of the six largest higher education centres in Europe, ranking fifth in student population within the European Union and attracting an increasing number of international students. How many beds are available in the country’s student houses? How likely is private purpose-built student accommodation to meet the growing demand from the rising student population? These questions are explored in the latest report from BNP Paribas Real Estate Poland.

KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project. 

Geosan Development has received building permission for its new housing project Benkova Residence in Chodov, Prague. The boutique project includes two villas.