Central London’s investment market jumped markedly at the end of 2012, recording 55 percent growth for the year. In its most recent update on Central London’s property investment market, CBRE reports that the capital produced GBP 14bn in transactions in the final quarter of 2012, and 55 percent growth for [...]
Supply rose through last year, but developers were forced to reduce prices in order to drive sales. Competition pushed...
Prices for three-room apartments in Bucharest fell by 4 percent this year and are currently averaging €74,900, according...
A rash of news about troubled residential projects indicates banks are no longer willing, or able to simply look the...
Developers of commercial real estate in Slovakia are in no rush to take on risk as they wait to see if the crisis will finally recede. After a year that featured a wide variety of completions on commercial real estate projects, 2013 is looking considerably slower so far. The only [...]Read more ›
Real estate developer Adama is investing €14.1m in the construction of over 200 apartments in Bucharest, the company said. The 210 homes will be spread between the project’s two new phases, called Edenia Titan and Evocasa Optima. Edenia Titan includes a total of six residential buildings. The first part [...]Read more ›
The consultancy TPA Horwath carried out a survey in eight CEE countries concerning actual apartment prices in CEE capitals and cities with population of around 500,000. It found that the typical price of a standard 60 sqm apartment in central Bucharest, Romania is equivalent to CZK 1.77m. Romania was the [...]Read more ›
An enormous hole is yawning at the base of the mixed-use scheme 3nity, after the roof over both the wellness center and garage collapsed. The dramatic accident resulted in no injuries, in part because it had not yet been handed over for public use as it’s still under construction. [...]Read more ›
The general creditors association for the Asmita Gardens real estate complex has approved a plan for its reorganization proposed by the largest lender, Alpha Bank Romania. Through it, Alpha Bank would receive €55m of the €70m it loaned the scheme. The plan will run for a period of 36 [...]Read more ›
Polnord has won the latest battle over payment for land the city Warsaw seized, but bigger payments could be on the way. A verdict reached by the Supreme Administrative Court in the middle of June on plots of land located in the Wilanów district has brought an end to one [...]Read more ›