ARTICLES LABELLED WITH TAG housing

News Two investors buy project with 300 affordable flats in Prague
07
Jun
2023

Two investors buy project with 300 affordable flats in Prague

by Vera Tumova
One of the first private-sector affordable housing projects in the Czech Republic, Opatov II with 300 flats in Prague 11 by developer Sekyra Group, has reportedly been sold. The transaction has not yet been announced by the buying parties, but credible sources have confirmed it. The transaction was also confirmed by an advisor to the selling party. According to the information available, part of the flats are to be acquired by the insurance company Kooperativa from the Vienna Insurance Group and part should be bought by Dostupné bydlení České spořitelny (subsidiary of Česká spořitelna bank) as the company's second housing project in Prague. The transaction amount has also not yet been disclosed.
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News Czech government gives €34.27 million to build rental housing
14
Apr
2023

Czech government gives €34.27 million to build rental housing

by Property Forum
The Czech government has approved the provision of CZK 800 million (€34.27 million) to a programme to support the construction of rental housing. Most of the money will be allocated to municipalities, but private investors who build apartments in cooperation with the municipality can also receive a part of it. Deputy Prime Minister and Regional Development Minister Ivan Bartoš (Pirates) told to čtk.
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News Residential price growth in Czechia comes to a halt
31
Mar
2023

Residential price growth in Czechia comes to a halt

by Property Forum
High inflation brings something that has not been seen in Czechia for a long time - a halt in the growth of residential property prices, especially flats. Prices of older flats are even falling. Frozen demand will soon hit construction companies. The housing market has slowed down considerably, and players are waiting for further economic development, says David Frič from STEM/MARK (the Euroconstruct member institute in Czechia).
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News Creditas Real Estate to build flats for €1 billion in Czechia
03
Mar
2023

Creditas Real Estate to build flats for €1 billion in Czechia

by Vera Tumova
Over the next 10 years, development group Creditas Real Estate plans to invest €1.151 billion in residential construction in the Czech Republic. It wants to build up to 5,500 apartments, of which 1,000 should be for rental housing. The company's CEO Jiří Vajner informed journalists about this.
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News When can affordable housing become a reality in Croatia?
28
Feb
2023

When can affordable housing become a reality in Croatia?

by Property Forum
Continuously rising housing prices across Croatia, additionally amplified by the country’s recent entry into Eurozone and the Schengen area, have provoked discussions about affordable housing and models that can be applied in Croatia, based on the experience of other countries in the CEE region. Erste Group Bank, one of the leading financial institutions in CEE, became a potential forerunner in setting up an affordable housing concept in Croatia, however, the project is yet to commence and still strongly depends on cooperation with local governments, which are often lacking flexibility or avoiding a tighter and highly publicized joint ventures with the private sector.
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News UDI Group to invest CZK 3 billion in Brno
07
Feb
2023

UDI Group to invest CZK 3 billion in Brno

by Vera Tumova
The UDI Group has acquired an industrial site in Brno in January, which it will operate for the time being while preparing for future redevelopment. At the moment, the plan is to build offices and hotel-type accommodations. If the city changes the zoning plan, as it seeks to do, the developer's final project may change to reflect this.  Construction would be done in phases, with the first phase to begin within two years. The developer announced the acquisition without disclosing the transaction price.
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News Huge plot changes hands in Budapest's suburbs
07
Feb
2023

Huge plot changes hands in Budapest's suburbs

by Property Forum
Prime residential developments will start in this 13-hectare territory in Pilisborosjenő, 7 km northwest of the capital. OC Investment Solutions assisted with the deal, portfolio.hu reports.
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News Apartment rents down in Hungary after two years of increase
25
Jan
2023

Apartment rents down in Hungary after two years of increase

by Property Forum
The last month of 2022 brought a 0.7% decrease in rents compared to the previous month with prices in Budapest sinking by 0.9%, ingatlan.com reports.
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News Erste expects CEE residential markets to cool down
11
Aug
2022

Erste expects CEE residential markets to cool down

by Property Forum
The fears of a recession are likely to cool down the red-hot real estate market in CEE countries, Erste specialists expect. According to them, this will be influenced mainly by surging inflation, the cost of credit and cooling down of the borrowing, and shrinking of the disposable household income which will also worsen the borrowing appetite in the coming periods. There is a change in the respondent’s behaviour too. Whereas respondents from Poland, Hungary and Croatia are open to buying or building a house, Czechs, Slovaks and Slovenians are less inclined to do so, say Erste experts in their recent special report.
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News Česká spořitelna to build cheaper rental housing in Czech cities
21
Jun
2022

Česká spořitelna to build cheaper rental housing in Czech cities

by Property Forum
Czech bank Česká spořitelna is initiating the construction of more affordable rental housing in Czech towns with a population of over 10,000. The bank plans to launch the first trio of projects with 250 flats in cooperation with three town halls this year or in early 2023. Rental housing in such projects should be at least one-fifth cheaper, E15 reported on the bank's new plans today.  
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Latest news


New leases

  • iO Partners Serbia concluded its first office deal when Office Me, a coworking space, leased 1,100 sqm of office space in the Artklasa building in Belgrade.
  • With the support of Coreside Savills, video game development company Nordeus has decided to renew its lease for 6,100 square meters of office space within Green Heart Business Park, located in Belgrade.
  • Natura Bakery will lease almost 200 sqm of space on the ground floor of Poznan's Nowy Rynek E office building, developed by Skanska. The premises are scheduled to open in spring 2024.

New appointments

  • As of December 2023, Dorota Lachowska has joined the market research team at Knight Frank Poland as director of the department.
  • MLP Group is strengthening its sales team in Poland with the appointment of Przemysław Fijałkowski as Leasing Manager responsible for the lease of space in projects located in southern Poland.
  • Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.

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