The Idea Office Building in the Smíchov quarter of Prague, part of the NEMO real estate fund, has undergone a significant transformation, welcoming new commercial and diplomatic tenants.

Czech lucrative properties such as hotels, offices, and shopping centres are now heading into the hands of domestic investors. On the other side, foreign investors are gradually leaving the market, reports seznamzpravy.cz.

Ikonix, a newcomer to the Czech development and energy market, has presented an ambitious plan to become one of the most important players in the domestic market.

YIT has included cooperative housing as an important alternative to traditional financing for the purchase of real estate for personal ownership in its residential development strategy. The developer has now entered into cooperation with the Ranta Barrandov IV Housing Cooperative by selling the building with 69 residential units.

CEE economies have been delivering solid GDP growth, outpacing many Western European peers despite external trade uncertainties and recent inflationary pressures, according to Colliers' latest report.

The American Chamber of Commerce in the Czech Republic has announced that Pavel Sovička, CEO of the development company Panattoni for the Czech Republic and Slovakia, has become its new president.

The auction of the Broadway Palace in the centre of Prague has ended successfully, with the bidder offering a starting price, reports E15.cz.

YIT has completed the base building of the third phase of the Ranta Barrandov residential project in Prague 5. The project is on track for completion in the second quarter of 2026.

New York-based Studio Libeskind, led by Daniel Libeskind, has designed the Sekyra Flowers apartment buildings, which, together with the new square, are creating the heart of the emerging Rohan City district of Sekyra Group in Prague.

Czech banks and building societies have provided new mortgages for CZK 29.6 billion (€1.2 billion) in September. Compared to August, the volume of activity has increased by 14%, reports cbamonitor.cz.