One of the most active residential developers of the Romanian market estimates at least a 20% increase in prices for new projects and 5-10% higher prices for the under-development units. Tinu Sebeșanu, CEO of IMPACT Developer & Contractor talked to Property Forum about financing conditions, market trends, ongoing projects and new developments on the horizon.

Rents continued to rise in June 2021, increasing by 1.6% nationally and by 1.8% in Budapest compared to the previous month, the latest KSH-ingatlan.com rent index shows. Supply prices were also slightly higher than in the same period last year, something not seen for more than a year. Of all the district groups in Budapest, prices stagnated only in the outer districts of Pest, while the largest price increase (2.8%) on the previous month was recorded in the transitional districts of Pest.

Residential developer Lucron has sold the entire retail part of the Urban Residence project in Bratislava to Slovak group Coopex Hold. After the complete occupation of facilities and their sale, the entire Urban Residence is already in private hands.

Romanian developer One United Properties has secured €78 million in fresh funding from a group of banks for the office component of One Cotroceni Park in Bucharest. 

Bogdan Doicescu, Director Of Development at Bog’Art spoke with Property Forum about the current state of the construction market and shared the company’s plans for the upcoming years. Consistent with the company's strategy to diversify its portfolio, Bog’Art has recently targeted public works with greater interest, both civil works as well as infrastructure.

Tenants are responding to the change in customer preferences and are now increasingly likely to choose retail premises in modern residential areas. As JLL found in Miasteczko Wilanów in Warsaw, 2021 has seen the number of ground floor units grow by more than 100, an almost 25% increase on 2018. This trend is not limited to the capital city.

Didier Balcaen, CEO of Speedwell talked to Property Forum about the company’s development plans for 2021, the value of mixed-use projects and shared his long-term expectations for the Romanian property market.

Romanian Impact Developer & Contractor says it purchased a new land plot of 25,930 sqm in Iași, in the location where it will kick off a massive residential project with more than 1,000 apartments. 

The PRS market in the CEE region gathers pace and interest from investors but the majority of activity is currently centred around the Czech Republic and Poland. However, there is a larger number of PRS/BTR projects being announced in the pipeline for delivery over the next few years across the entire region. Colliers, in cooperation with Kinstellar and Greenberg Traurig, publishes a report entitled 'The Private Rental Sector: Has it found a home in CEE?'

Residential investment volumes across the CEE region have been limited and averaged out annually at just over €200 million in the past 5 years. The balance between private, owner-occupied dwellings and those that are for rent in CEE lean towards ownership according to “The Private Rental Sector: Has it found a home in CEE?” report just launched by Colliers in collaboration with Greenberg Traurig and Kinstellar. From the stock of existing developer/investor-owned, multiple-unit PRS schemes, the Czech Republic is ahead, followed by Poland and the remaining countries behind that.