Banks in Romania are actively looking to accelerate new residential lending in Romania as the central bank is expected to lower interest rates in H2 2024. Lenders have initiated a series of offers with more favourable interest rates, below the 7% monetary policy rate set by the National Bank of Romania (NBR), according to Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox.

The design of Downtown Yards by J&T Real Estate is going to impact the Bratislava skyline to a great extent, reports YIMBA.sk.  Development is scheduled in two stages.

Speedwell has kicked off the development of the second residential building of the mixed-use project Paltim based in Timișoara.

The residential market has a positive outlook this year, over favourable macroeconomic conditions and higher demand levels, especially expected to realise in H2 2024, according to a report by residential developer STC Partners.

Property developer Nusco Imobiliara has selected Fuksas Architecture Studio to work on the master plan of urban regeneration project Nusco City, based in northern Bucharest.

Intrade Assets Management has presented a new design of the project Za stanicou (Behind the station) in Bratislava, which has been developed just on paper since 2010, SME.sk reports.

Revetas Capital has concluded the disposal of Bonarka Meadows in Kraków, a permitted residential development project, to Henniger Investment S.A., a Polish company that has been operating in the investment industry for over 30 years. The price has not been disclosed. 

Development companies Immocap and WOOD Real Estate have joined forces in the residential project Millhaus in Bratislava. The construction of the residence has just started in the Mlynské Nivy location.

Real estate development is a long-term venture where the end results (including profitability) are often unpredictable, especially in the current challenging global environment. Property Forum talked to Norbert Schőmer MRICS, Country Director at Atenor Hungary and the recently appointed Chairman of RICS in Hungary, covering the topics of ESG, changes in the office market, affordable housing and education, among others. He also provided an update on Atenor’s ongoing projects in Hungary and shared his priorities as RICS Chairman.

UBM Development Czechia announced a significant milestone in sustainable construction in the Czech Republic, allowing the construction of wooden buildings up to 22.5 meters using the engineering method.