ARTICLES LABELLED WITH TAG residential

The Dům Radost project in Prague 3 in Žižkov, where SIKO Group as the new owner plans six hundred rental apartments, is one step closer to realisation. The Ministry of Culture has stopped a review procedure that could have seriously complicated the project for the owners, writes Seznamzprávy.cz.

Residential property in the EU is getting more expensive again. Prices rose by 10.5% year-on-year in Q1. In the Czech Republic, the increase was the highest, at 24.7%, according to data published by Eurostat, the Czech News Agency reported.

Massive construction worth billions of crowns is being prepared around the route of the new D metro line, which is currently under construction in Prague. The company Reflecta Development will build buildings with apartments and offices on lucrative land near the Thomayer Hospital for restituents, reports the daily E15.cz.

Cordia has begun its latest large scale urban regeneration project, the revitalization of the site of the former Modena garment factory in Poznań, Poland. 

Trei Real Estate Poland has launched its first investment in Poland in the private rented sector. The property located at ul. Piątkowska in Poznań is to be ready in 2025. The developer plans to build 450 apartments, which will be available in the institutional lease formula.

Anna Dafna has been appointed Chief Financial Officer of Atrium European Real Estate. She will replace Ryan Lee, who was promoted to the position of CEO.

Marcin Krasoń, a residential property expert at Obido.pl and Otodom.pl talked to Property Forum about the incoming slowdown in the residential market in Poland, the development of the PRS sector and the effects of rising inflation.

Asking prices of apartments in Romania fell by 0.3% in June compared to the previous month, with the average listing price of a property reaching €1,745 per sqm. 

With total investments exceeding €500 million in Romania’s real estate market in the past 25 years, Anchor Grup is looking for new funding and recently kicked off a new residential project. Affan Yildirim, General Manager, Board Member of Anchor Grup and Board Member of Shopping MallDova, spoke to Property Forum about the way in which the developer adapted its malls and offices to the post-pandemic trends but also about the investment context in the country.

In recent quarters, the National Bank of Hungary (MNB) has measured substantial and growing overvaluation in the housing market, which has been coupled with an increase in banking sector risks related to lending. These risks have not decreased so far even with the uncertainty related to the war situation of the past months; hence, supporting banks' resilience with regulatory tools is warranted. The Financial Stability Board of the MNB has therefore decided to raise bank capital requirements and will increase the countercyclical capital buffer rate to 0.5% from 1 July 2023, for the first time since its introduction six years ago, Hungarian economic daily Portfolio.hu reports.