The residential market has a positive outlook this year, over favourable macroeconomic conditions and higher demand levels, especially expected to realise in H2 2024, according to a report by residential developer STC Partners.

Property developer Nusco Imobiliara has selected Fuksas Architecture Studio to work on the master plan of urban regeneration project Nusco City, based in northern Bucharest.

Intrade Assets Management has presented a new design of the project Za stanicou (Behind the station) in Bratislava, which has been developed just on paper since 2010, SME.sk reports.

Development companies Immocap and WOOD Real Estate have joined forces in the residential project Millhaus in Bratislava. The construction of the residence has just started in the Mlynské Nivy location.

UBM Development Czechia announced a significant milestone in sustainable construction in the Czech Republic, allowing the construction of wooden buildings up to 22.5 meters using the engineering method.

Signal Capital Partners, UK-based private asset management firm, along with Griffin Capital Partners and Echo Investment will, subject to anti-monopoly clearance, launch a new student housing platform. The new joint venture is aiming to develop, as a first step, an operating portfolio of 5,000 purpose-built student beds across key academic cities in Poland over the next three to five years.

Falling interest rates and higher incomes of Romanians coupled with increasing attractiveness of residential renting will drive the home affordability index, according to research by the Eastern European Construction Forecasting Association (EECFA).

Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.

Murapol - one of the largest developers has started a cooperation with EPP - the largest shopping centre manager in the country. They plan to establish joint ventures. They have notified the UOKiK (Office of Competition and Consumer Protection) of their intention to concentrate.

The ZWIRN project in Bratislava is expanding at its last stage. YIT has launched the sale of the first part of apartments and suites of the final stage under the name ZWIRN 2.