Budimex SA has signed the final sales agreement of Budimex Nieruchomości. Therefore, the private equity investment firm Cornerstone Partners and Czech development group Crestyl took over the entire shareholding of the company.  This is the biggest acquisition in Poland and Central and Eastern Europe since the outbreak of COVID-19 pandemic. The next stage is changing the name of the company - Budimex Nieruchomości is now Spravia.

Real estate developer Geometrik Build will invest €20 million in its first large-scale residential project located in southern Constanța. 

Hungarian-based company Cordia is planning to sell 745 apartments in the country in 2021, which could be nearly half of the Group’s combined sales target in all of its markets.

Resi4Rent opens its seventh building, this time in the north of the country. The first clients have already moved into 301 new premises at Kołobrzeska Street in Gdańsk. This is another step towards the company's goal of building a portfolio of 10 thousand apartments by 2025.

Living, Wing’s residential property development umbrella brand, has announced the launch of its newest residential park development. Located on the shore of the Rákos Stream in District 13 of Budapest, Le Jardin will be Living’s greenest residential project to date.

The intensive development of the Polish housing market, and the great interest of global investment capital in Poland, are boosting consolidation and acquisitions. News of the sales of several large, well-known development companies has recently been of much discussion in the Polish housing market, and according to JLL experts, this trend looks set to continue.

A total of 14,193 residential properties were sold in Hungary in May, real estate group Duna House said in its monthly Transaction Estimate. This marks the strongest May in the market for the past couple of years as the figure was 5% higher than in May 2019.

Murapol has restructured its existing debt and obtained a new loan from mBank and Bank Pekao in the amount of PLN 350 million. The developer is implementing a plan to rationalize the financing structure and to support the sustainable development of nationwide operations.

In Q1 2021, home prices in Slovakia increased by only 2% compared to Q1 2020. The prices of new dwellings increased by 2.6% and prices of used dwellings rose by 1.5%, the Statistical Office of the Slovak Republic announced.

Romania’s Impact Developer & Contractor will deliver this August the 18 villas part of Boreal Plus complex and is continuing the construction of the first 209 apartments in the Constanța-based project.