ARTICLES LABELLED WITH TAG residential

UBM Development Czechia has received a building permit for the new project Rezidence Na Plzeňce in Prague 5 – Smíchov. On a plot of over 3,800 sqm, the company is developing an apartment building with a courtyard.

Investment activity in the commercial real estate market in the Czech Republic has shot up sharply in the last quarter of 2024. After rising yields in 2022 and 2023, "prime yields" have stabilised in 2024 and the market has found a new price equilibrium, according to Colliers' regular quarterly survey. 

Romania's housing market faced a significant imbalance in 2024, with new home deliveries falling 15% nationwide and over 20% in Bucharest, while demand rose by 7%, finds a Colliers report.

The panorama of the historic centre of Olomouc is not changing yet. In recent days, the regional court has annulled the zoning decision for the planned construction of a skyscraper by Redstone, reports E15.cz.

On the right bank of the Danube, new neighbourhood developments have been underway for several years. JTRE is preparing the Nové Lido and Penta Real Estate the Southbank project. For their plans to become a reality,  the city councillors need to give the green light to change the city's master plan and swap city land. As dennikN.sk reports, both proposals have eventually received support.

Geosan Development has announced the construction completion of the Rezidence Radimova Břevnov project in Prague 6. The project has received the valid building use approval.

The construction of the first apartment building in the Rakyta project in Bratislava's Devínská Nová Ves by Lucron is progressing and the rough construction is nearing completion. 

In 2024, 13,295 new dwellings were built, 29% fewer than in the previous year. The number of dwellings built on the basis of building permits and simple declarations issued was 20,494, 4.7% fewer than in 2023.

Immocap presented an updated design of the new Istropolis in Bratislava. The project already has a valid zoning decision and construction is expected to begin in the summer of 2025. 

Scandia Română Development, the real estate division of the Scandia group, has announced the commencement of works on a new residential project in Sibiu.