ARTICLES LABELLED WITH TAG residential

A total of 11,304 residential properties were sold in Hungary in August 2021, real estate group Duna House said in its monthly Transaction Estimate. While this is below the monthly average of the February-June period, the January-August total is higher than the 2020 or 2019 figure.

Czech investment group RSJ plans to make it easier for Prague developers to finance the purchase of land for residential projects. Until now, RSJ has only cooperated with developers through shares in their projects but the new RSJ Landbank sub-fund will buy the land instead of the developer, who will take it over only after obtaining all building permits, which in Prague usually takes several years, local daily E15 reports.

Immofinanz is now expanding its real estate offering to also include affordable and sustainable housing. With Top on Stop, single-storey Stop Shop retail parks will be overbuilt to create low-price, resource-friendly housing and to create up to 12,000 new apartments over the medium-term. This represents a further contribution by Immofinanz to the fight against climate change, ground sealing and the explosion in housing costs and opens up new earnings opportunities while, at the same time, optimising risk.

Jason Drennan, Investment Director at Heimstaden talked to Property Forum about the rapidly developing PRS market in Poland, surging residential prices and plans for the upcoming months.

Property developer Speedwell has kicked off the construction of Building 2, part of the first phase of residential complex THE IVY located in Băneasa, northern Bucharest. 

Romania's Impact Developer & Contractor will increase its share capital within one year in a bid to support its pipeline of residential projects in Romania.

During H1 2021, Czech residential developer Central Group has completed the acquisition of land plots in three Prague locations, Žižkov, Hloubětín and Vysočany, for CZK 750 million. It plans to build almost a thousand new apartments on the land.

Real estate developer Speedwell has completed the first building of Triama Residence project in Bucharest, comprising 66 apartments that were fully sold before the delivery date.

Piotr Trzciński, Head of Investment – Poland at Savills Investment Management talked to Property Forum about the changes forced by pandemic on the investment market, financing conditions and the long-term strategies of major international players.

The two-millionth square meter occurred in one of the apartments of Esencja Apartments in Poznań. The apartment was handed over at the end of July. During the 25 years of its existence, Echo Investment has built and delivered almost 200 projects in 37 Polish cities.