ARTICLES LABELLED WITH TAG residential

The new design of Nový Žižkov Centre has revealed the most significant change of replacing the original design of 3 towers reaching a height of 100 metres with only one centrally located undulating tower. The investor of this project in Prague 3 is the Czech residential builder Central Group.

Rustom Vickers, Vice President & Head of Development at Blueground, has talked to Property Forum about the “flexible living” rental model, the changes in the rental market in the post-pandemic era and the expansion plans in the CEE region.  

In the foreseeable future, the centre of Bratislava should expand to the right bank of the Danube River. The key project, Nové Lido by J&T Real Estate, entered the first part of permitting, informs Yimba.sk.

Nová Merina in Trenčín is a project that has brought together the original investor Occam Real Estate and the city in the development efforts. Now a new investor, WOOD & Company, is entering the project.

The real estate market in the Czech Republic has recently been most influenced by the overall economic situation associated with current events in Europe including the war in Ukraine, expensive energy prices and high interest rates. According to 2023 PSN data in the residential segment, the situation is favourable for investor purchases.

The Pri Mlynoch project in Bratislava has been associated with a long wait for permits, although located in an important transformational area of ​​Mlynské Nivy. But now its developer Iuris has marked an important milestone and moved closer to realisation, reports Yimba.sk.

The mixed-use Residence Stodolní by developer Linkcity is replacing a complex of dilapidated buildings in the existing central development right next to the Plato modern art gallery in Ostrava. The whole area is transforming thanks to a new pedestrian zone with greenery as a joint investment of the city and the developer.

Romanian developer One United Properties recorded a profit growth of 3% to €31.6 million in Q1 2024 versus the same period of last year, while its turnover fell by 5% to €84.3 million in the same interval.

The path to cheaper mortgages, and more affordable housing, is still not easy in the Czech Republic. According to the Swiss Life Hypoindex, the average offer rate of mortgage loans in the Czech Republic has reached 5.52% p.a.

Hagag Development Europe has purchased a residential complex under development in Eastern Bucharest, located on a former industrial platform.