Banks in Romania are actively looking to accelerate new residential lending in Romania as the central bank is expected to lower interest rates in H2 2024. Lenders have initiated a series of offers with more favourable interest rates, below the 7% monetary policy rate set by the National Bank of Romania (NBR), according to Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox.

The design of Downtown Yards by J&T Real Estate is going to impact the Bratislava skyline to a great extent, reports YIMBA.sk.  Development is scheduled in two stages.

Speedwell has kicked off the development of the second residential building of the mixed-use project Paltim based in Timișoara.

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).