The bull run in the European residential sector that was fueled by low interest rates in the past decade has been coming under strong pressure from ECB rate hikes, with valuations stagnating due to the wide gap in expectations between most buyers and sellers, according to research by property fund Catella. 

Belgian developer Speedwell has obtained the construction permit for the third building of The Ivy, the premium residential complex located in the Băneasa neighborhood, in Bucharest. The building is part of the second phase of development and represents an investment of €22 million, out of the €160 million value of the entire project.

The Lastavice development project in Belgrade, Serbia, has just completed its rough construction. The first building of the project, which will offer almost 500 flats and require an investment of more than CZK 2 billion (€84 million), will be completed by the Czech developer UDI Group in spring 2024, while the construction of the second of the project's two buildings will begin at that time.

The period of stagnation and waiting on the Prague residential market is over. Along with the spring came a revival in the Prague housing market. The demand is rising, and interest in buying and renting is also growing, according to the latest Knight Frank report.

Redport Capital and Mobexpert Group have announced the completion of the concept design for the Infinity Nord project, located in the Străulești area in Bucharest. The concept was created by the investors alongside London-based architecture house Design International. 

According to preliminary data from the National Statistical Institute, the number of newly built residential buildings in the first quarter of 2023 was 1 289, and the number of newly built dwellings was 4,427.

Asking prices for homes in Romania fell on average by 0.6% in April compared to the previous month to €1,425 per sqm, according to data from Imobiliare.ro. 

Total transaction volume in the first quarter in Belgrade was €537 million, which represents a decrease of around 5 % compared to the overall amount of €563 million which was registered in the first quarter of 2022, but the overall amount spent is still extremely high, real estate agency Cordon reports.

The residential market in Romania registered a record number of deliveries of 73,332 new homes during 2022, up 3% compared to 2021, driven by the growth in regional cities, according to a report by Colliers Romania.

Ѕоfіа hаѕ ѕееn а dесlіnе іn thе numbеr оf residential trаnѕасtіоnѕ fоr a thіrd соnѕесutіvе quаrtеr. According to the latest data from the National Statistical Institute for the first quarter of the year, property sales in the capital shrank annually by 12.2% and reached 6381.