ARTICLES LABELLED WITH TAG residential

Marcin Krasoń, a residential property expert at Obido.pl and Otodom.pl talked to Property Forum about the incoming slowdown in the residential market in Poland, the development of the PRS sector and the effects of rising inflation.

Asking prices of apartments in Romania fell by 0.3% in June compared to the previous month, with the average listing price of a property reaching €1,745 per sqm. 

With total investments exceeding €500 million in Romania’s real estate market in the past 25 years, Anchor Grup is looking for new funding and recently kicked off a new residential project. Affan Yildirim, General Manager, Board Member of Anchor Grup and Board Member of Shopping MallDova, spoke to Property Forum about the way in which the developer adapted its malls and offices to the post-pandemic trends but also about the investment context in the country.

In recent quarters, the National Bank of Hungary (MNB) has measured substantial and growing overvaluation in the housing market, which has been coupled with an increase in banking sector risks related to lending. These risks have not decreased so far even with the uncertainty related to the war situation of the past months; hence, supporting banks' resilience with regulatory tools is warranted. The Financial Stability Board of the MNB has therefore decided to raise bank capital requirements and will increase the countercyclical capital buffer rate to 0.5% from 1 July 2023, for the first time since its introduction six years ago, Hungarian economic daily Portfolio.hu reports.

Duna House has released its monthly transaction estimate, showing that there were 10,859 residential property transactions in Hungary in June 2022. This marks a 13% decline over May and a 20% drop compared to the number of transactions recorded last June.

A new residential area is to be built on the site of the former Matador enamel factory in Bratislava. Development company Oxio promises to build 2,300 flats including infrastructure on an area of 10 hectares. The part called Smaltovna already has a building permit, the developer announced.

Andrei Duță, Country Manager Romania at Realpad spoke to Property Forum about the openness of local residential developers to digitization solutions, but also about the company's expansion into other cities in Romania. Realpad will add digital solutions for the commercial and rental sector as part of an ambitious growth plan in the region.

Romanian developer One United Properties has purchased a 10,710 sqm land plot near Floreasca where it plans to start a new residential investment.

Marcin Michalec, CEO of OKAM Capital talked to Property Forum about the current situation in the residential market in Poland, plans of a large mixed-use investment in Warsaw and shared his forecasts for the PRS sector.

Skanska will invest CZK 970 million in the first phase of the brownfield residential project Modřanský cukrovar. On the right bank of the river Vltava, 112 apartments and seven commercial premises within the area of 10,500 sqm will be built. After six phases of the project, there will be 797 housing units, Skanska announced on its website.