ARTICLES LABELLED WITH TAG residential

PSN has completed the renovation of an apartment building from the 1930s. The BackYard Dejvice project in Prague has been targeted at the young generation and investors. The project is approved for use and is already sold out.

Romanian developer One United Properties said its residential sales and pre-sales volumes totaled €57.1 million in Q1 2024, down by around 10% year-on-year.

Futureal Group’s subsidiary, Cordia Zrt. has kicked off its new mega project called Marina City, aiming to build 2,500 apartments, recreational facilities and several amenities on a former industrial site at the river Danube. The HUF 400 billion (€1 billion) project is a landmark development in the northern part of the Hungarian capital.

The popularity of the residential segment in the Czech Republic has increased among investors due to its stability. The availability of owner-occupied housing is decreasing, and trends are showing different younger generations' lifestyle requirements. According to a C&W report, investment in rental residential projects in the Czech Republic has tripled year-on-year.

Banks and building societies in the Czech Republic have provided mortgages to households in the amount of CZK 18.2 billion (€719 million) in March 2024. The volume of mortgages granted has increased by 15.5% month-on-month. The above information comes from the data of ČBA Hypomonitor, capturing data from all domestic banks and building societies providing mortgage loans.

Ostrava is dynamically changing for the better, partly through civic initiatives but mainly thanks to key development investments with the support of the city. One of the basic conditions for the revival of the city centre is also an increase in the number of residents. Currently, a private investor is planning construction on a brownfield at the intersection of Stodolní, Porážková and Masná streets. The city selected the location as its development area and put out a tender for the land. The winning project was Rezidence Stodolní from the development company Linkcity.

YIT has completed the third residential stage of Tornio, which expanded the multifunctional complex Lappi Hloubětín in Prague 9 with 79 new apartments. Almost half of the units are currently sold out.

Romania saw new construction volumes expand by 64% in 2023 compared to the previous year, reaching also a record in gross value and growth rate from the past decade, according to the EBI Construction Activity Report.

IBB Holding Romania, founded by Romanian entrepreneur Ion Crăciunescu, has started the development of a new residential complex in Pipera, near northern Bucharest, which will have a market value of around €160 million.

Victor Căpitanu, Co-Founder and Co-CEO of One United Properties spoke with Property Forum at Mipim in Cannes about the company’s residential development pipeline valued north of €1 billion and Bucharest’s capacity to provide high yields for real estate investors.