Interest in new housing in Bratislava is not waning, and real estate developers are responding to it by revising their projects. Several residential projects are planned in the vicinity of Lake Kuchajda in Bratislava. The investor duo Cresco Real Estate and Wood & Company have advanced in preparing the continuation of Lakeside Park and have received a zoning decision from the local authority, reports index.sme.sk.

The residential construction in the Czech Republic has been facing a confusing permitting system, lengthy processes and frequent obstructions. The Czech Republic has long been one of the countries with the most complicated construction procedures in Europe, ranking, according to World Bank data (2020), 157th out of 190 countries monitored, reports the real estate office Philip & Frank.

Residential deliveries in the Bucharest-Ilfov region were down 23% in the first half of 2024 compared to the same period of last year, according to a report by SVN Romania. The agency estimated last spring that this year could bring the lowest number of new homes delivered in the past five years.

The Romanian residential market is navigating through many changes. This means that developers need to be flexible in order to adapt to all changes, as the speakers of the residential panel of SEE Property Forum 2024 concluded.

Bucharest’s Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.