Events

Demand in Hungary's new-build housing market temporarily returned to normal following a boom at the end of last year and beginning of this year. However, from August, purchases may pick up again due to the maturity of a government bond and the state-subsidized Home Start loan program. Instead of the 1,000 apartments initially announced at the beginning of the year, Cordia will launch sales of nearly 1,500 homes in 2025, amid high buyer interest.

Polish developer Develia achieved a net profit of €41.3 million in the first half of 2025, up 17% from €35.4 million in the same period last year. Revenue increased 15% to €178.4 million compared to €154.6 million in H1 2024.

Development companies Penta Real Estate, Engine Prague Development (EPD), and the investment fund RSJ Investments Sicav are jointly acquiring K1 Investment and Argo Alpha. The transaction is under review by the Czech Competition Authority (ÚOHS), which announced the case on its website, E15.cz reports.