ARTICLES LABELLED WITH TAG residential

Asking prices for apartments and houses in Romania gained 3% in the first quarter of 2021 compared to the same period of 2020, but the yearly growth rate cooled down due to the reduction of demand and the increase of stock available for sale, according to a report by Imobiliare.ro. 

Akcent Development says that it sold 67% of the Cloud 9 residential project in northern Bucharest and aims to sell 90% of the planned 820 apartments by the end of 2021. 

Revenues of Impact Developer & Contractor totalled €42.3 million in 2020, up 28% year-on-year, driven by higher residential sales for its Bucharest-based projects. 

Echo Investment finalised the acquisition of a majority stake in Wrocław-based company Archicom, thus becoming the largest residential developer in Poland as the Echo-Archicom group.

New research released by JLL shows that the investment allocation to living assets is set to grow throughout 2021, following the robust performance of the market throughout 2020, which resulted in €83.4 billion being invested into the sector. 59% of investors set to increase investment allocation to European Living assets in 2021, but nearly 80% highlight lack of suitable product as a main barrier to investment.

Hungarian real estate brokerage firm Otthon Centrum has completed an €8 million (HUF 2.9 billion) bond issue under the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme. This marks the first time the company has taken part in the central bank's bond programme.

Shareholders of One United Properties have approved the intention of the developer to list its shares on the Bucharest Stock Exchange (BVB). 

Today, global investment capital, looking for safe options on the real estate markets, focuses on housing. Poland is the target of the largest global companies investing in the PRS sector, says advisory company Walter Herz.

The developers of the Atria Urban Resort residential complex in Bucharest are currently planning the third phase of the investment. Around half of the apartments in the second development phase were sold and the whole project will be delivered by 2023. 

The third-largest provider of rental housing in Europe, Swedish company Heimstaden plans to almost double its investments into the refurbishment and expansion of its Czech portfolio.