The Bulgarian housing market entered 2023 with a fragile balance between demand and supply. The market is calming down, after a hyperactive 2022, according to the stats, showcased by Address Real Estate in their annual analyses.

Romanian developer Impact Developer & Contractor said it sold 275 residential units during 2022, which had a combined value of 210 million lei (€‎42.6 million). In the same year, the company recorded pre-sales for another 450 homes with a combined value of 236 million lei (around €‎48 million), according to a statement submitted to the Bucharest Stock Exchange (BVB). 

The company’s new business line operates under the Habitu brand and the first property from the PRS sector in the company’s portfolio located in Warsaw was fully leased in two months. The company has announced intensive development of Habitu mainly in the capital city but also in other Polish cities. Syrena plans to offer three thousand units on its PRS platform within five years.

Property developer Interdraw, owned by entrepreneur Ulisse Gheduzzi, has obtained the building permit for a new residential complex in Bucharest that will be developed following an investment of more than €30 million. 

Opus Land Development says it will invest approximately €50 million this year in the construction of about 500 new homes in the residential complex Cosmopolis based in the northern part of Bucharest region.

Despite the lack of significant changes in credit availability, high inflation and rising prices, residential property sales in the last quarter of 2022 bettered the previous quarter’s performance. Sales growth was recorded in each of the six major markets with an average q-o-q of 29%, says JLL advisory agency. 

Property developer Cordia Romania, part of Futureal group, says it has obtained the occupancy permit for the second phase of Parcului20, its residential complex based in northern Bucharest. 

The potential development of residential for rent (PRS) in Bucharest could reach 5,000 units by 2025, according to real estate consultancy Colliers Romania.

Brno-based developer Domoplan will start to build over 400 flats in a new residential area in Brno next year. The Brixx project will offer housing for around 1,000 people and will cost around €169 million, the developer announced, according to a report by ČTK.

Romanian developer Prima Development Group has obtained a loan of €16.8 million from Libra Bank for the first phase of a new residential complex in Bucharest.