ARTICLES LABELLED WITH TAG residential

Over the past year, many residential markets in CEE that have historically depended on credit buyers, have experienced a significant slowdown. This is not the case with Serbia’s residential market which has been dominated by cash buyers. At the same time, the local commercial real estate market also remains attractive to foreign investors, especially for the development of logistics and industrial facilities. These are just some of the conclusions of last week‘s Balkans Property Forum 2023, organised in Belgrade by Property Forum.

Nusco Imobiliara has already sold 30% of the residential units comprising the second phase of urban regeneration project Nusco City, based in northern Bucharest.

Romanian developer HILS Development has announced the launch of a new mixed-use scheme in Bucharest that will include residential, office and retail components that will cover 180,000 sqm.

APB is planning a residential development on its land in Plzeň. It wants to build a brand new district on the site of the former Slovany barracks for CZK 20 billion (€825 million). The company has already signed a memorandum of cooperation with the city, which will help to build a new kindergarten as part of its subsidies, writes the daily e15.cz.

Alto Real Estate has presented the shape of the Florian Residence residential project, which is being built on a brownfield site in the centre of Bratislava's Old Town. In the first phase, 73 apartments will be available. The construction is then preliminary scheduled to be completed in 2025. 

Ján Krnáč, Executive Director of Cresco Real Estate, talked to Property Forum about the opportunities in the Czech and Slovak residential market. He also explained the “rent to own” scheme developed for those not able to afford a mortgage right now due to the higher interest rates.

Witold Zatoński, Founder of Syrena Real Estate, talked to Property Forum about the profitability of revitalizing older office buildings, the challenges related to such projects and the development of the PRS market in Poland.

Residential sales in the Bucharest and Ilfov area were only 3.8% smaller in Q3 2023 than those registered in Q3 2022, which was a record year, according to a SVN Romania report.

Geosan Development has completed the construction of the Residence Neklanka 2 project in Prague 5 near Anděl. The residence comprises three vila-domes located in a garden on the border between the original residential development and the forest in Radlické údolí, Geosan Development announced.

There will be lofts built on the premises of the former Svornost' letterpress factory on the corner of Račianska and Kominarska streets in Bratislava. The building is not listed, but it is still in good condition. In these weeks, reconstruction works are being started, which will turn it into a multifunctional project Lofty Kominárska, writes the web portal yimba.sk.