Prague's residential market is seeing record construction this year, with more housing starts, but demand for apartments is slowing down. On the other hand, however, the growth of housing prices is slowing and mortgage interest rates are rising. This is also why the share of vacant flats supply in the Prague residential market has increased too, says JLL's regular report.

There were only 8,326 residential transactions closed in Hungary in October 2022 which is the lowest figure for the month since 2012, brokerage firm Duna House reports.

Romanian developer One United Properties has obtained the building permit for One Floreasca Towers, which will be built on a plot of land of 5,600 sqm, located in the Promenada Mall business area in Bucharest.

Romanian property company Metav will invest more than €40 million in the development of a new residential project with 164 units in Bucharest. 

Romanian developer One United Properties has secured the building permit for One High District, a large-scale premium development with 786 apartments. The gross development value of the project is €154.2 million and delivery is estimated for the end of 2025. 

Romanian developer Novum Invest will invest in luxury homes as part of an expansion of its Novum by the Sea resort in Olimp. 

Construction of the Római Part residential park by Hungarian developer WING’s umbrella brand Living is already underway just off the riverbank of the Danube in Budapest. The 257-unit complex is the closest residential development of this size to the river.

Indotek Group’s first large-scale residential project in Budapest, Buda Bright, was launched in March 2021 and is planned to be handed over at the end of next year. 

Architecture and design studio Obermeyer Helika has completed the documentation for a building permit for its latest residential building, Semerínka. The project, which is expected to start building in Prague 5 in 2023, will include not only apartments and garage parking but also a community garden, Obermeyer Helika announced today.

Romanian developer One United Properties says it will reconvert one of the office buildings in One North Gate into residential units under the One North Lofts brand.