ARTICLES LABELLED WITH TAG residential

Cavatina Group starts Cavatina International and plans to expand its portfolio of the living sector’s projects not only in Poland but also in foreign markets. Jason Drennan, a manager with more than 20 years of investment experience in Europe and the US, and more than 15 years connected with the real estate market will be responsible for the new platform development. First, together with leading international institutional investors, the company intends to expand its current portfolio of apartments for rent created under the Resi Capital brand from 2,000 to 10,000 units, focusing on environmentally certified projects.

Actual sales prices of real estate in the Slovak Republic reached high growth at the beginning of the year, mainly due to rising sales prices of new houses and flats, the Statistical Office of the Slovak Republic announced.

Romanian developer Nordis has started the construction of a new hotel and residential complex in Brașov. The new project will be completed by the end of 2023 following an investment of €26.4 million. 

Czechs are still afraid of cooperative housing. It is the preferred form of ownership for only 3% of those who plan to buy a flat or house, while 13% do not even consider it when buying a property. However, due to the rise in mortgage rates and property prices, cooperative housing is more affordable and thus 22% of respondents have recently improved their opinion on it, according to a survey by Komerční banka and Modrá pyramida, a building society.

The City of Prague wants to build cooperative flats where the city could continue to rent out one-third of the flats. However, the councillors disagree on the conditions under which the entire project should be implemented in Prague 5. If they agree and construction begins, the project would offer cooperatives favourable conditions for financing housing without a mortgage and cheaper prices for construction by the developer. The councillors are now trying to find a compromise to get the project off the ground, reports Seznamzprávy.cz.

Net profit of PLN 51 million, an increase in the value of office projects under construction and handing over to customers 399 apartments – this is a brief summary of Q1 2022 results of Echo Investment Group. The developer also published its second sustainability report where it summarised last year's achievements and results in the areas of environmental, social and corporate governance.

PPF Real Estate has teamed up with US developer Aventon Companies to enter the US residential market. Together they will build a residential complex with more than 300 residential units in Orlando, Florida by 2023. PPF intends to replicate this model of cooperation in other projects in the US, the company announced.

LivUp's new investment has reached full occupancy after only one month after launching. Currently tenants of "Puławska 186" are mainly corporate clients, who have settled in high standard apartments. 

Due to the high prices of flats and houses, less availability of mortgages, extreme inflation, as well as the rising price of building materials and labour, people in the Czech Republic are now looking more for rental housing. The influx of refugees from Ukraine has also significantly increased the interest in renting. Under the influence of the enormous demand, rental prices are thus starting to reach the pre-Covida level, and in some places have already exceeded it. According to PSN, the availability of apartments is decreasing and the company is now preparing entire projects for rental housing.

House prices in Hungary have reached a new record in 2021. In Q4 2021, the biggest jump occurred in secondary cities compared to the last quarter of 2020 (25% year-on-year) followed by Budapest (11% year-on-year), the National Bank of Hungary (MNB) reports.