ARTICLES LABELLED WITH TAG residential

Property developer Nusco Imobiliara has appointed Sorin Dumitrașcu as Development Director, tasked with overseeing the company’s development operations for all its projects. 

Waldemar Wasiluk, Vice-President of the Management Board and CFO of Victoria Dom, one of the largest residential developers in Poland, talked to Property Forum about the current difficult situation in the market, the interest of the PRS investment funds and the cautious approach of financing entities.

This is the first luxurious residential real estate project of the Hungarian developer in Spain. At the same time, the company announced a second project on the Costa del Sol.

In 2021, Cushman & Wakefield Prague established a dedicated Residential Valuation & Advisory capability, in response to the growing demand for specialist services in the Czech residential market. In line with the further development of this service offer, the firm is delighted to announce Erik Müller as Head of the Residential Advisory Services team. Erik brings together a background in the operation of rental residential products, data analysis and residential appraisal, Cushman & Wakefield announced.  

Alesonor said it would kick off the development of Agora, the facilities component of the Amber Forest residential complex, which includes commercial, medical and sports investments. The developer has already secured a partnership with Pescariu Sports and has leased the first commercial space in the complex located near Bucharest.

The Polish Ministry of Development and Technology has drafted a bill to limit purchases of large numbers of flats. The new legislation is to target both individual investors and funds investing in the institutional rental segment (PRS).

In late 2022, NREP made 116 fully furnished and equipped apartments available for rent at Kłobucka Street in Warsaw. It is NREP’s first completed residential investment in Poland. The first tenants moved in at the beginning of December, and the building is now nearly fully leased.

Residential developer Redport Capital has purchased a land plot of 10,800 sqm and warehouses covering 4,700 sqm near a project that the company is currently developing in the Petrom City area in northern Bucharest.

In 2022, 1,519 flats were sold in Bratislava's new buildings, the fewest since the financial crisis in 2008. The average price of available flats is €4,900/sqm including VAT. After almost eight years of strong sales and double-digit price growth, activity in the residential market has cooled significantly, according to a report by Bencont Investments.

Demand for renting and buying real estate should remain decent over the longer term in Romania and its neighbors, despite 2023 most likely being a bit more challenging than a regular year, according to experts of Colliers.