Romania's construction market has reached historic highs over the past two years over increased public investment, financed by both national and European funds. At the same time, demand from the residential market has remained limited due to the slow permitting process for new developments in Bucharest. 

UDI Group is launching its next residential project Zvezdano Brdo (Starry Hill) in the capital of Serbia, Belgrade. Serbia is the largest foreign market for the Czech UDI Group. It is building or preparing four projects here, including the entire new Duga district for CZK 14 billion (€555 million). 

Property Forum is excited to announce the winners of its annual SEE Property Forum Awards for 2024. The winners of each category were selected from our shortlist by the jury committee, comprising the leading players in the Romanian real estate industry. The awards, celebrating the best projects, most impactful transactions and most inspiring personalities of the Romanian market, were presented at our awards gala in Bucharest, part of the annual SEE Property Forum conference.

Immo lab is making significant advancements in Poland's real estate market by introducing innovative investment platforms tailored to the evolving needs of the industry. Led by a team of seasoned professionals—including Daniel Puchalski, Paweł Kucz, Krzysztof Kaczor, Miłosz Michalski and Sergii Stoliarchuk—the company specializes in comprehensive real estate services that bridge gaps between developers, financial partners, and investors.

Total demand for industrial spaces in Hungary fell 11.5% to 483,000 sqm in the first three quarters versus the same period of last year. Net take-up, meanwhile, was up 3% to 384,980 sqm in the same interval, according to the Budapest Research Forum (BRF).

Park Lane Developments and Mitiska REIM have purchased a second plot of land in Sofia’s Nadezhda district to develop a new retail park.

Living, Wing’s residential development arm, has secured a financing worth HUF 12 billion from Erste Bank for the construction of the Római Park residential project in Buda. Construction works started last August, with completion expected in 2026.

In Q3 2024, the Bratislava resi market recorded a more than threefold increase in sales compared to the third quarter of 2023, reports BuiltMind with Cushman & Wakefield. 

PSN has started the complete reconstruction of an apartment building in Prague 3 in Žižkov, where a total of 54 units will be created. 

The Brno residential real estate market has had a hot summer. Q3 has brought further growth and record sales. The episode of economic uncertainty is ending, reports Trikaya in its Q3 2024 analysis of the residential market in Brno.