Czech bank Česká spořitelna is initiating the construction of more affordable rental housing in Czech towns with a population of over 10,000. The bank plans to launch the first trio of projects with 250 flats in cooperation with three town halls this year or in early 2023. Rental housing in such projects should be at least one-fifth cheaper, E15 reported on the bank's new plans today.  

Kajima Properties has completed the development of one of Gdansk’s first built-to-rent schemes. A joint venture with local investor Tonsa and Olivia Business Centre, it marks Kajima’s first built-to-rent project in Poland and delivers a range of units from studios to three-bedroom family apartments. The building has been incorporated within the new @Home operational platform and has quick access to central Gdańsk, Olivia Business Centre and the rest of the Tri City area. The 3,185 sqm building has been fully let.

PRS (private rented sector) investments, which have been popular in Western Europe for years, are increasingly developing in Poland. In 2021, residential rental investments accounted for €0.6 billion of the capital invested in the country. In response to the needs of this rapidly growing sector, Colliers, as one of the first companies in the market, launched its PRS investment management and commercialization service. The first project of this kind in Colliers’ property management portfolio is one of the newest investments of Atrium European Real Estate in Kraków's Krowodrza district.

The tallest building in Slovakia, Eurovea Tower is rising in Bratislava by the Danube. With the completion of the 38th floor, the tower has reached 125 metres, the milestone by which it has become the highest building in the country already and has 40 metres still to come. By the end of 2022, Eurovea will be with the 47 floors and 168 metres the 1st skyscraper in the country, developer JTRE announced.

The second full-service apartment building with fully furnished apartments is being opened in Prague for short- and long-term living by Zeitraum, a leading operator of serviced apartments in Central-Eastern Europe.

The number of completed flats in Slovakia has fallen year-on-year in the first quarter of 2022.  Construction around Bratislava has also been on a downward trend for several quarters. However, three Slovak regions report the opposite trend with a dynamic increase in the number of completed apartments. The recovery can be observed in the number of flats under construction, according to data from the Statistical Office of Slovakia, reality.trend.sk reports.

YIT has started construction of the Happi Milánská project in Prague's Horní Měcholupy and has put 72 new Finnish-style apartments of up to 99 sqm on sale. The residential building with access to both the countryside and the city centre will also include three commercial spaces. The developer plans completion in spring 2024.

Residential asking prices in Romania grew by 2.5% in May compared to April to an average of €1,751 per sqm, with Cluj-Napoca remaining the most expensive market in the country, according to the Imobiliare.ro platform. 

The number of completed flats in the Czech Republic increased in the year 2021 by half a percent. A total of 34,581 flats were completed last year. However, the rising figures are due to extensions, while the number of flats completed in detached and apartment buildings fell. In the future, according to statisticians, it can be assumed that new construction will decline for many reasons, writes the Czech News Agency (ČTK) based on the statistics published today by the Czech Statistical Office (CSO).

Romanian property company Eden Capital Development has secured the construction permit for a new residential complex in northern Bucharest and plans to kick off the building phase this autumn.