Skanska Reality, the residential arm of the Swedish construction giant, will now concentrate solely on the Prague market in the Czech Republic. Skanska will offload some of its land in the regions until 2015, according to its sales and marketing director Naděžda Ptáčková. The step stems from the global [...]

Apartment sales were up in 2011 as prices fell, though it’s not clear the precise relationship between two indicators of what remains a fragile residential sector. Recent statistics published by Skanska claim that developers sold 39 percent more flats last year last year than they did in 2010. They’re chalking part of the demand to consumers anxious [...]