The transformation of Prague's Florenc quarter is progressing to the next phase. Penta Real Estate, in cooperation with the capital city of Prague and the city districts of Prague 1 and Prague 8, has announced four international architectural competitions for four blocks in the area between the highway and the Prague-Florenc bus station.

For the first time, YIT is expanding its development activities outside Prague and is preparing its first residential project in Brno. A growing demand for quality housing in the city is offering interesting potential for construction. 

Linkcity has started the implementation of its first apartment building made of timber in the Czech Republic. The residence has become part of the last stage of the Nová Tesla urban district currently under construction, which is being built on a large former urban brownfield in Pardubice. 

European investors are planning significant increases in their living sector allocations, with €64 billion of new capital for deployment into the build to rent, affordable housing, student property and seniors housing sectors over the next five years, according to a Knight Frank survey.

Hungarian developer Living has delivered the first phase of the 165-unit Le Jardin residential park in Rozsnyay utca, District 13 of Budapest.

Speedwell Development has obtained the construction permits for the first 50 luxury villas in a new residential project in Corbeanca, near Bucharest, where it plans to invest €94 million.

The European Bank for Reconstruction and Development has issued a €100 million loan to the Polish subsidiaries of Vantage Development, a residential-for-rent developer and operator, ultimately owned by Germany’s TAG Immobilien.

The offer of new residential buildings in Q3 2024 in Prague has decreased slightly, reports BuiltMind in its quarterly analysis of Prague residential segment. However, outlooks are optimistic, thanks to stable inflation and declining rates.

Slovak developer Corwin has presented the details of its third project in Ljubljana, Slovenia. A residential tower has been designed in one of the best architectural studios in the world - Norwegian Snøhetta, hence the project name Nordika. 

Experts from Cushman & Wakefield note in their latest report that the residential sector in Poland is developing ESG strategies focused on environmental aspects. However, PRS and co-living investors are also undertaking community-oriented initiatives.