ARTICLES LABELLED WITH TAG residential-market
01
Aug
2023
Aug
2023
Bulgaria’s residential market dives into recession
Bulgaria is witnessing a continuous decline in residential real estate transactions for the fourth consecutive quarter. According to data from the Registry Agency, property purchases across the country have decreased by 15% during Q2 2023, reaching 54,371 transactions in total.
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11
Jul
2023
Jul
2023
Eurostat reports slowdown in Bulgaria’s residential market
The Bulgarian residential market was growing at a slower pace in the first quarter of 2023, compared to the same period last year. On an annual basis, the increase was 9.5%, and 1.6% on a monthly basis. The data is part of the annual House Market Index by Eurostat on residential property prices and rents in the European Union.
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10
May
2023
May
2023
Bulgaria reports growing number of newly built houses
According to preliminary data from the National Statistical Institute, the number of newly built residential buildings in the first quarter of 2023 was 1 289, and the number of newly built dwellings was 4,427.
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Latest news
- CA Immo inks 14,500 sqm lease for Prague-based Danube House
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- Passerinvest starts construction of 33,000 sqm office building in Prague
- Amazon to develop 200,000 sqm robotic fulfilment centre in Poland
- Globalworth reaches 60% pre-lease for new office in Bucharest
- Nearly half of Romanian companies expect 3-4 office days this year
- AFI starts construction of 519-unit rental project in Prague
- Polish housing market faces M&A wave
- Kraków office take-up hits record in 2025
- Apsys starts two resi projects in central Wrocław
New leases
- Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
- Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.
- Intersport is set to expand its Romanian footprint by opening its largest store within the Iulius network at the Rivus urban regeneration project, which is under development in Cluj. Spanning more than 1,000 sqm, the new location will serve as a flagship store.
New appointments
- PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
- iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
- Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
