Romanian developer One United Properties has recorded a net profit of €52.8 million in H1 2023, up 13% compared to the same period of last year, while the turnover rose by 26% to €171 million in the same interval.

The first phase of the Le Jardin residential complex has reached its highest point. The residential park with 165 apartments is located on the shore of the Rákos stream, in a green zone location and developed by the Hungarian company Wing.

Speedwell has secured a loan of €13.6 million from Garanti Bank for the development of the third phase of The Ivy residential project in northern Bucharest.  

Romania ranks third in the top of the European countries with the cheapest housing, after Bosnia and Herzegovina and Greece, with an average price of €1,417 per sqm, according to a Deloitte report. Homes prices in Romania rose by 10.6% compared to 2021. 

A new residential district with almost 240 flats will be built in Ostrava's most populous district Jih. The project in Středoškolská will also include parking spaces, a park, and sports facilities. The investor will be Linkcity Czech Republic, which will pay a minimum of CZK 29 million excluding VAT (€1.2 million) for the land. Gabriela Pokorná, a spokeswoman for the municipality, told reporters, according to the ČTK news agency.

Developer J&T Real Estate is currently completing the Eurovea II project in Bratislava and the new multifunctional Ganz House project could soon be underway too, real estate website yimba.sk reports.

In the first half of 2023, over 93% of powiats around large cities in Poland showed an increase in interest in apartments for sale following the easing of conditions for granting mortgage loans, according to Otodom data.

The neglected premises south of the National Bank of Slovakia building should soon change. A new development has been in the pipeline since 2018. Originally, the developer was Penta Real Estate. At the beginning of 2022, however, the plans in the locality were transferred to the portfolio of the new company Alto Real Estate, which was created by splitting off from Penta, yimba.sk reports.

As it was unofficially confirmed last month, Sekyra Group has agreed with Dostupné bydlení České spořitelny and the insurance company Kooperativa on the sale of the Opatov II residential project in Prague 11. This is one of the largest build-to-rent (BTR) transactions in the Czech Republic, Sekyra Group announced. The price of the transaction was not disclosed. 

Cavatina will launch its first residential project in the United States – a 13-story building in downtown Seattle, Washington, made of prefabricated components manufactured in Poland. The project is being developed by Cavatina in collaboration with the internationally renowned architectural firm, Epstein, based in Chicago. Cushman & Wakefield advises the Cavatina Group on matters related to purchasing land.