The iconic 1967-built Hotel Budapest — locally known as Körszálló (meaning 'circle hotel') — has officially received demolition and construction permits for a near-complete rebuild. Most of the cylindrical tower and interior will be taken down and reconstructed to house around 50 luxury apartments, along with wellness facilities, restaurants, offices, and public amenities, 24.hu reports.

Danilo Djurović, CEO of Monting Development, talked to Property Forum about the current state of affairs in the Polish residential market, environmental responsibility and business partnership with football star Robert Lewandowski.

BLD Poland, part of Bulgarian investment group AG Capital, has acquired a plot in Warsaw’s Białołęka district for a new residential project that will include nearly 90 housing units. The site is located near Głębocka Street, close to parks, schools, and the Targówek retail centre.

Hagag Development Europe has started the construction for the second and third phases of H Pipera Lake residential complex in Pipera, near Bucharest, after securing the permits from local authorities. 

JTRE is preparing a new district District 15, in the Mlynské nívy area of Bratislava, based on the concept of a 15-minute city, according to which every city resident should be able to reach basic civic amenities within a 15-minute walk.

Over the past year, Central Group has acquired approximately 240,000 sqm of new land for CZK 6 billion (€242 million) in seven Prague locations.

The Romanian residential market has seen transactions falling by nearly 9% in the first four months of 2025 compared to the same period in the previous year. In Bucharest, the fall in deals reached 12%, according to data released by Colliers.  

According to local real estate agency Cordon, the Belgrade residential market recorded a total transaction volume of €650 million in the fourth quarter of 2024. This represents a 32.6% increase compared to €490 million in the fourth quarter of 2023, when the market was still affected by a two-year stagnation period. While the volume is objectively high, Cordon notes that the year-on-year comparison should be viewed with caution, as the 2023 figure reflected an exceptionally weak period.  

Prime Kapital Resi has 500 homes under construction in Romania, after having delivered 1,650 homes across three Romanian cities between Q1 2022 and Q4 2024. 

The EBRD has announced a €50 million investment in property developer Releven as part of a joint venture deal in which the bank will hold a 40% stake.