Continuously rising housing prices across Croatia, additionally amplified by the country’s recent entry into Eurozone and the Schengen area, have provoked discussions about affordable housing and models that can be applied in Croatia, based on the experience of other countries in the CEE region. Erste Group Bank, one of the leading financial institutions in CEE, became a potential forerunner in setting up an affordable housing concept in Croatia, however, the project is yet to commence and still strongly depends on cooperation with local governments, which are often lacking flexibility or avoiding a tighter and highly publicized joint ventures with the private sector.

Romanian developer One United Properties says its consolidated turnover rose by 4% year-on-year to €235.4 million in 2022, while its gross profit fell 5% to €116.2 million over higher investment activity. 

Opus Land Development says it will invest approximately €50 million this year in the construction of about 500 new homes in the residential complex Cosmopolis based in the northern part of Bucharest region.

This year, Mint Investments will continue focusing on creating above average returns with minimum risk for its investors in the Czech Republic and Slovakia. Katarina Lindbergh, Partner of Mint Investments discussed this year’s plans for new residential projects in Prague and Bratislava with Property Forum.

Despite the lack of significant changes in credit availability, high inflation and rising prices, residential property sales in the last quarter of 2022 bettered the previous quarter’s performance. Sales growth was recorded in each of the six major markets with an average q-o-q of 29%, says JLL advisory agency. 

Property developer Cordia Romania, part of Futureal group, says it has obtained the occupancy permit for the second phase of Parcului20, its residential complex based in northern Bucharest. 

The potential development of residential for rent (PRS) in Bucharest could reach 5,000 units by 2025, according to real estate consultancy Colliers Romania.

Speedwell has purchased a land plot of 14 hectares in Corbeanca locality, close to northern Bucharest, for a new residential development that will feature 210 villas. 

Brno-based developer Domoplan will start to build over 400 flats in a new residential area in Brno next year. The Brixx project will offer housing for around 1,000 people and will cost around €169 million, the developer announced, according to a report by ČTK.

Romanian property fund Encore Capital Trust has made 170 acquisitions in the first six months of operation with an average investment ticket of around €290,000. The purchases covered apartments and parking lots based in nine residential projects.