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.

Hungarian construction company Kesz Group has expanded in the Romanian residential segment and will start its first housing project in northern Bucharest. Following this move, the group will act as a construction and developer player on the local market.

Corwin has submitted an intention to revitalize and transform the southern, larger part of the brownfield after the former industrial plant Palma on Račianská Street in Bratislava for the environmental impact assessment (EIA).

Residential transactions in Bucharest fell by 17% in 2023 versus the previous year, while in neighbouring Ilfov County the volume of deals rose by 6% over smaller prices of homes, according to a iO Partners report.

Rezidence Klíčov, a SHD Real Estate residential project, is moving into the construction phase. At the same time, the developer is opening sales for this residential community in Vysočany, Prague 9.