The number of residential units sold in Romania in the first 10 months of 2021 increased by 65% to more than 150,000 individual units compared to the same period form 2021, according to official data from the National Agency of Cadastre and Real Estate Advertising. 

Yovav Carmi, President of Management Board and Ariel Ferstman, CFO of GTC have talked to Property Forum about the latest financial results of the company, coping with the effects of the pandemic in the commercial real estate sector and the new directions of company activities.

Romanian Nordis Group has kicked off the development of the second phase of Mamaia 5***** project with hotel and residential components.  

Home prices in Hungary have increased further, with provincial cities showing an outstanding price rise and Budapest also becoming more expensive following a year of stagnation, the National Bank of Hungary (MNB) said in its latest Housing Market Report. The price gap between Budapest and county seats has decreased in 2021. On a national average, housing prices rose 13.3% year on year in Q2, including a 9.1% rise in Budapest and an 18.2% increase outside the capital.

The European Central Bank has highlighted growing vulnerabilities in housing markets and stretched financial asset valuations in its Financial Stability Review for November 2021. The ECB has also warned of an increased likelihood of a correction in both residential and commercial real estate markets.

Working from anywhere and social distancing recommendations have led to a population migration trend towards quieter areas in the suburbs or in localities around big Romanian cities on the back of the ongoing health crisis, according to a report of real estate consultancy Colliers. 

The third quarter of 2021 and the beginning of the next quarter is a period of historic changes in the Polish real estate market, which will not be without impact on consumers' housing plans, says Resi4Rent.

Phase 2 of Bucharest-based multi-family project Atria Urban Resort is already 75% pre-sold with completion of the project scheduled for 2024. Liria Themo, Marketing Manager at Atria Urban Resort talked to Property Forum about the importance of sustainability and flexibility in residential development and also shared the company’s future plans and her market expectations.

Property company Point Development says it will deliver 107 apartments in its resi scheme City Point in the first half of 2022.  

Romania's Impact Developer & Contractor says its revenue amounted to €22.29 million in the first nine months, while the profit stood at €7.3 million.