The Central and Eastern European (CEE) office market experienced a slowdown in Q1 2025, with demand easing and few new projects delivered, according to data from Cushman & Wakefield Echinox. However, early signs of recovery are emerging as developers prepare for a wave of new deliveries in the coming years. Demand Eases, But Future Growth Anticipated In the first quarter of 2025,
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The year 2025 has started on a challenging note for the Greek construction sector, as recent data from the Hellenic Statistical Authority (ELSTAT) reveals a significant decline in building activity across the country. Key metrics, including the number of permits issued, surface area, and volume, have all seen substantial decreases, raising concerns about the near-term outlook for the industry. Steep Decline in
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Falling interest rates and easing monetary policy across the eurozone and Central and Eastern Europe (CEE) are boosting investor confidence in the region’s commercial real estate (CRE) market, according to Colliers’ recent Beyond Real Estate Economy report. The European Central Bank (ECB) cut its key interest rates by 25 basis points on April 17, 2025, marking the seventh consecutive reduction since June
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Romania is fast emerging as a notable contender in the Central and Eastern European (CEE) real estate landscape, drawing investor attention particularly in the industrial and office sectors. According to Colliers’ latest report, “How Government Incentives Shape Industrial & Office Real Estate in CEE”, the country stands out for offering some of the most attractive government support mechanisms in the EU. These
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Despite global economic headwinds and reduced foreign investment in 2024, Slovenia’s real estate sector has shown remarkable resilience and is poised for continued growth in 2025, according to Colliers’ latest market report. The country’s macroeconomic fundamentals remain solid, with GDP expected to rise by 2.5% next year, up from 1.6% in 2024. Inflation slowed to 1.9% in 2024, prompting the European Central
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Bucharest-based GELD Capital Management and its subsidiary REPACO Capital are set to open three new retail parks in Romania throughout 2025, under an investment plan exceeding €20 million. The first, Curtea de Argeș Retail Park, will open on April 17, offering 6,100 sqm of leasable space near the future Bucharest-Sibiu highway. Two more projects are underway: Breaza Retail Park, currently under construction
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The Cyprus high-end property market demonstrated a significant and encouraging rebound in February 2025, with the aggregate value of the top 50 transactions across the island reaching an impressive €64.8 million. This resurgence, detailed in a comprehensive report released on Monday by Ask Wire, a prominent Cypriot real estate data analytics firm, signifies a strong recovery following earlier market fluctuations. The data
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Renowned British architecture firm Foster + Partners has unveiled its visionary design for the redevelopment of Palas Iași, a landmark mixed-use development located in the heart of Romania’s historic city of Iași. Commissioned by local real estate developer Iulius, this ambitious project is set to breathe new life into one of Eastern Europe’s most culturally significant urban centers. With an estimated investment
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The IT, manufacturing & industry, and medical & pharma sectors have been the primary drivers of office leasing in Romania over the past five years, accounting for more than half of new office space demand, according to data from Cushman & Wakefield Echinox. Between 2020 and 2024, the net take-up of office spaces in Bucharest and major regional cities (Cluj-Napoca, Timișoara, Iași,
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Bucharest-listed One United Properties, Romania’s leading green real estate developer, reported €227.8 million in total sales and pre-sales for 2024, covering 83,958 sqm of residential and commercial space. The company sold 850 apartments and commercial units, along with 1,270 parking spaces and other unit types. As of December 31, 2024, the developer had 4,041 residential units, 22,000 sqm of office spaces, and
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