ARTICLES LABELLED WITH TAG residential

The average price of an older apartment in the Czech Republic exceeded CZK 90,000 per sqm for the first time in Q1 2022, according to a study by the real estate group European Housing Services (EHS). In Prague, an older apartment costs more than 120,000 per sqm and in Brno, it is over 90,000. Rents have returned to prices before the coronavirus crisis, the Czech News Agency quotes the EHS report.

Asking prices for apartments in Romania rose by an average of 3.2% to €1,707 per sqm in April compared to the previous month, while on a 12-month basis prices expanded by 22.3%, according to a report by Imobiliare.ro platform. 

YIT Slovakia has announced an international urban planning and architectural competition for the transformation of the area along Viedenská cesta (Vienna Road) in Bratislava into quality housing. The sensitive transformation of the site in the distant neighbourhood of the former "Pečnianský rameno" is to be carried out with an emphasis on ecological forms of housing and with respect for the existing environment. 6 renowned studios from 4 countries were invited to participate in the competition, YIT Slovakia informed.

Work has been underway for more than ten years on a major planning document for Prague - the new zoning plan. Its elaboration has cost the capital city CZK 135 million so far, while the assessment and elaboration of changes cost CZK 181 million. According to the city's statistics, 367 amendments are submitted annually, a number that the new metropolitan plan should significantly reduce. The new plan is also expected to unlock up to 15 areas where there is currently a building closure. If the metropolitan plan is approved as proposed, it could begin to take effect as early as 2023 and could unlock the construction of up to 150,000 new flats. The public now has 66 days to comment on the plan, local daily E15.cz reports.

Anchor Grup has kicked off the development of Select Residences, a new residential complex that will be developed in Bucharest following an investment of €40 million.  

Hundreds of flats are to be built in Prague by RSBC Group. The company wants to implement a CZK 1 billion project in Prague's Vysočany district to convert an old vacuum cleaner factory into 243 apartments. RSBC is going into the project with developer Masák & Partner, online daily E15.cz reports.

500 flats will be built on the site of a medical device factory. This is what the KKCG group is announcing after its move to a two-and-a-half-hectare brownfield site in Modřany, Prague. The new acquisition was reported by the daily E15.

The former bank atrium on the corner of Vysoká Street and 1st May Square in Bratislava has undergone an extensive transformation in recent months. The investment group Proxenta has successfully brought it to completion in just six months. The building with modern apartments in high standard has been built, writes online daily reality.trend.sk.

Raied Tanous, CEO of Asbud Group has talked to Property Forum about the recent changes in the Polish residential market, galloping inflation and surging construction costs.

The Prague Public Transport Company (DPP) has signed an agreement with investors from CPI Property Group and Karlín Group and together they will build the Nové Holešovice district in Prague 7. Information about the billion-dollar project was reported by the daily E15.