The latest EBI Construction Activity Report, prepared by Eltinga, Buildecon, and iBuild, has found that after the weak Q3 2022, Q4 2022 saw a slight nominal expansion in activity-start in Hungarian construction. The value of started construction works was still very low; between October and December 2022 they totalled roughly HUF 650 billion.

1 Asset Management and Solida Capital have announced a new PBSA (Purpose Built Student Accommodation) project in Warsaw. 1 Asset Management will be acting as the lead investor and asset manager, while Solida Capital Team will act as the main developer and minority investor

Przemysław Orchowicz, Country Manager, Heimstaden Poland has talked to Property Forum about the current forecasts for the PRS market, overregulation risk and investment plans.

Real estate investor-developer Hagag Development Europe has received the “Best International Award” for the Renovation/Redevelopment of H Victoriei 139, during the International Property Awards 2022-2023 Gala held in London on February 2nd. 

Romanian developer One United Properties has obtained the building permit for One Lake District, a large-scale sustainable residential development with 2,076 apartments in Bucharest. The project has a gross development value of around €337.7 million. 

Another German investor is entering the Polish property market. The Livos Group of companies is starting its expansion in Poland with Warsaw. The investor has purchased 63 residential units in the Złota 44 high-rise building in the very centre of the Polish capital. The seller was Catella Residential Investment Management, which has thus withdrawn from this country, Investmap.pl reports.

The UDI Group has acquired an industrial site in Brno in January, which it will operate for the time being while preparing for future redevelopment. At the moment, the plan is to build offices and hotel-type accommodations. If the city changes the zoning plan, as it seeks to do, the developer's final project may change to reflect this.  Construction would be done in phases, with the first phase to begin within two years. The developer announced the acquisition without disclosing the transaction price.

Prime residential developments will start in this 13-hectare territory in Pilisborosjenő, 7 km northwest of the capital. OC Investment Solutions assisted with the deal, portfolio.hu reports.

Belgrade’s residential market recorded a quarterly transaction volume of €826.4 million in Q4 2022, the highest on record, local real estate consultancy Cordon reports.

The number of property deals and the volumes transacted plunged in Q4 2022 in comparison to the final quarter of 2021 in major EMEA markets due to higher interest rates and financing costs amid surging inflation. However, property investment will resume its growth path this year, as the inflation and interest rates become more stable, says Colliers.