Chinese, German and Dutch buyers remain active in the residential market in Hungary, especially in Budapest and some popular touristic regions. The weakening local currency makes homes even more attractive to invest in. Property Forum talked to László Balogh, Chief Economist at ingatlan.com, Hungary’s largest listing platform, about the latest trends and the possible new wave of foreign buyers coming to the country.

A neglected plot of land in Prague 5 has now been newly acquired for billions of crowns by Austrian developer UBM. It plans to build 150 flats there. It wants to start building next year, but the project is still in the planning process. The developer has not disclosed the purchase price, the seller or the details of the construction, writes E15.cz. 

Romanian property company Impact Developer & Contractor has completed a new phase in its Greenfield Băneasa project in northern Bucharest. The recently delivered phase has a market value of more than €16 million.

Residential developers have been the most active in terms of land acquisitions in the past 2.5 years, as they secured land plots which allow the construction of more than 30,000 units in all parts of Bucharest, according to data from real estate consultancy Cushman & Wakefield Echinox. 

The sale of office buildings, the increase in the assets’ value and the preparatory works for the next "destination" projects are the highlights of the financial results of Echo Investment for H1 2022. 

Despite rising costs and rents, the rented residential sector continues to ride high as demand booms and is poised to remain a more lucrative investment opportunity than asset classes such as office or retail. Bonard has spoken to leading real estate specialists to investigate the factors behind the sector’s success.

YIT Slovakia wants to improve and transform another abandoned area in Bratislava's Ružinov district. With the new residential complex on Hraničná Street, it wants to build on its other projects in this part of the city. In the first phase, it plans to build an apartment building with 92 flats and a hotel with 72 accommodation units, construction of which should start in 2025, the company announced.

Greenberg Traurig advised Marvipol Development on the sale of 138 residential and non-residential units in the Unique Tower complex, situated in Grzybowska Steet in Warsaw, to the Heimstaden Bostad Group.

Prices in Belgrade’s residential market are still showing double-digit increases compared to the previous year. Local real estate consultancy Cordon published a report summarising the key trends driving Belgrade’s residential market in Q2 2022.

Since August, UBM Development Czechia has been building and now selling the second phase of its residential project Arcus City in Prague-Reporyje. Within this phase, 63 apartments and several commercial units will be built. The completion of this phase is scheduled for the end of 2024. In total, over 270 apartments, 10 family houses and several commercial units will be built in the project in three phases.