Romanian Nordis Group has kicked off the development of the second phase of Mamaia 5***** project with hotel and residential components.  

Home prices in Hungary have increased further, with provincial cities showing an outstanding price rise and Budapest also becoming more expensive following a year of stagnation, the National Bank of Hungary (MNB) said in its latest Housing Market Report. The price gap between Budapest and county seats has decreased in 2021. On a national average, housing prices rose 13.3% year on year in Q2, including a 9.1% rise in Budapest and an 18.2% increase outside the capital.

Working from anywhere and social distancing recommendations have led to a population migration trend towards quieter areas in the suburbs or in localities around big Romanian cities on the back of the ongoing health crisis, according to a report of real estate consultancy Colliers. 

The third quarter of 2021 and the beginning of the next quarter is a period of historic changes in the Polish real estate market, which will not be without impact on consumers' housing plans, says Resi4Rent.

Property company Point Development says it will deliver 107 apartments in its resi scheme City Point in the first half of 2022.  

Romanian property company Metav says that it will kick off the development of a new mixed-use scheme in Bucharest in the second half of 2022. 

Romania's Impact Developer & Contractor says its revenue amounted to €22.29 million in the first nine months, while the profit stood at €7.3 million. 

Romanian developer One United Properties recorded a record turnover of RON 627.7 million (€126.8 million) in the first nine months of the year, up 87% year-on-year, while the gross profit gained 186% y/y to RON 293.3 million (€48.3 million) on higher residential sales and increased occupancy rates in offices.

Housing prices rose just 0.5% in Q2 2021 in Hungary, according to the Central Statistical Office’s (KSH) latest Housing Price Index. Year on year, the increase was 11.5% in Q2, partly because of a low base as prices fell slightly between April and June 2020 due to pandemic-related uncertainty.

Property developer Prime Kapital says it has finished the demolition phase on a former industrial platform in Iași where it will kick off the construction of Silk District, a mixed-use scheme.