The average flat size in Poland is 21 sqm smaller than the EU average and the overcrowding rate is nearly 20 percentage points higher, says Cushman & Wakefield in its latest report. It is therefore no wonder that despite increasingly prohibitive prices, housing demand continues to grow, thereby fuelling demand for mortgages. According to BIK data, June 2024 saw an almost 52% year-on-year increase in mortgage enquiries, with this growth also driven by interest rate cuts - the first since 2021. It would take Polish people wanting to buy a dream home several years to save up enough for a 20% mortgage deposit. Unfortunately, Cushman & Wakefield’s forecasts indicate that price growth is unlikely to ease to give Polish consumers some respite. Contrary to intentions, factors that are likely to add to their disadvantage include a new governmental support scheme and constrained land availability.  

Developer J&T Real Estate is requesting a construction change permit for the Downtown Yards project, SME.sk reports. Along with minor changes, there is an important one reflecting a trend obvious since the outbreak of the COVID-19 pandemic.

Stollwerck Residence has moved closer to construction start after years of controversy, reports Yimba.sk. The project is to be built on a cramped plot of land at the busy road junction next to the defunct railway line to Filiálka in Bratislava.

Occam Real Estate has launched the client registration for the Tesla residence, project on Dunajská Street in the Juh district of Košice. The developer is planning the official launch of sales in September 2024.

The Pri Studničke project near the Bratislava Forest Park has reached the threshold of 50% of apartments sold. The project is already under construction.

Romanian developer Nobis Group, owned by local entrepreneur Marius Bușu, will invest in a luxury project comprising 28 villas in Pipera, near Bucharest, which will have a market value of around €28 million.

The Medze project between the city quarters Dúbravka and Karlova Ves in Bratislava by Penta Real Estate is bringing hundreds of apartments and other accommodation units to the area undeveloped so far. The project has now passed an important milestone, reports Yimba.sk. 

Residential broker RE/MAX has announced the expansion of its Romanian network with five new franchises in five cities. 

Ghelamco, together with the Polish Yachting Association, will build Nova Marina Gdynia, a mixed-use building with a yachting centre just by a South Pier in Gdynia (Tricity, Poland). 

UBM Development Czechia has received the building use approval for the Astrid Garden residential project in Prague's Holešovice. The new owners are moving in in the autumn of 2024.