Finnish developer YIT achieved record sales of 494 residential units in 2025, worth almost €160 million, representing a 20% increase compared to the previous year. The company's revenue reached €90 million.
In Prague, YIT completed two projects and launched two new ones. The company was also active in regions, specifically in Kladno and Brno, where it launched Portti Kladno and the first phase of the Kalevala complex. The developer also supported cooperative housing by selling two of its projects to housing cooperatives.
"2025 was exceptional for the residential market. We saw a combination of strong demand for apartments and one of the highest volumes of newly concluded mortgage loans in history. This occurred while land prices rose dramatically, along with construction work and materials increasing by about 10 to 15%," said Marek Lokaj, CEO of YIT Stavo. "Supply was insufficient due to lengthy permitting processes, which pushed property prices upward. We observed this trend not only in Prague but even more significantly in regions where we operate."
YIT completed two projects in Prague: the Sija Kamýk residential building with 122 units in Prague 12, and the tenth phase Tampere in the Suomi Hloubětín complex in Prague 9, featuring 68 apartments and 5 commercial spaces. The company also launched the fourth phase of Ranta Barrandov with 29 apartments in energy class A, and the second phase of Toivo Roztyly in Prague 11 with 116 units.
In regions, YIT launched Portti Kladno's second phase with 102 apartments on a 12,000 sqm brownfield site, and started the Kalevala residential complex in Brno. The first phase, called Ukko, includes 183 apartments and 13 studios. YIT plans to expand its portfolio with new projects in Prague districts 4, 5, 9, and 12, plus a large Kladno complex with over 700 units.
