ARTICLES LABELLED WITH TAG residential

In 2024, the total investment volume in Poland amounted to €364 million, marking the weakest result for the first quarter in recent years. Interestingly, 25% of the invested capital comes from Polish investors. The warehouse sector remains the leader, accounting for 38% of the total investment volume. Unchanged, the vast majority of office transactions took place in Warsaw, while commercial investments were dominated by retail parks. Additionally, the market also saw two transactions in the residential sector in Warsaw, and two hotels were sold in seaside tourist cities, says Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young.

JTRE is strengthening its position as an international developer. It has established a German branch and has announced its first project in the central Berlin location.

Hercesa Romania has 1,000 apartments under construction and in preparation in two residential projects based in Bucharest.

STC Partners has kicked off the development of the second phase of residential complex Quartier Azuga in Bucharest, with a planned investment of more than €15 million.

The European Bank for Reconstruction and Development (EBRD) is supporting the development of residential housing in Poland by extending a loan of PLN 58.9 million (€13.7 million) to the Polish subsidiary of Nrep Nordic Strategies Fund IV. The EBRD’s loan, provided in Polish zloty, will finance Nrep’s first flexible living property in Poland under its brand Noli Studios. The signing follows an earlier commitment to Nrep of PLN 63.2 million, which supported the development of two residential-for-rent assets in Nrep’s portfolio in Poland, bringing 220 residential units to the Polish housing market.

Since the start of 2024, there has been a slight recovery in the Bratislava market of new residential buildings. According to Bencont's report for Q1 2024, 285 apartments have been sold.

PSN has completed the renovation of an apartment building from the 1930s. The BackYard Dejvice project in Prague has been targeted at the young generation and investors. The project is approved for use and is already sold out.

Romanian developer One United Properties said its residential sales and pre-sales volumes totaled €57.1 million in Q1 2024, down by around 10% year-on-year.

Futureal Group’s subsidiary, Cordia Zrt. has kicked off its new mega project called Marina City, aiming to build 2,500 apartments, recreational facilities and several amenities on a former industrial site at the river Danube. The HUF 400 billion (€1 billion) project is a landmark development in the northern part of the Hungarian capital.

The popularity of the residential segment in the Czech Republic has increased among investors due to its stability. The availability of owner-occupied housing is decreasing, and trends are showing different younger generations' lifestyle requirements. According to a C&W report, investment in rental residential projects in the Czech Republic has tripled year-on-year.