SE Europe

BOSNIA HERZEGOVINA Bosnia and Herzegovina’s Serb Republic issued 245 construction permits last month, up 35.4% on an annual basis, the entity’s statistical office said. The country comprises two autonomous entities – the Federation of Bosnia and Herzegovina and Republika Srpska (Serb Republic). CROATIA Croatia’s construction output increased by 17.7% in August on an annual basis,…

CROATIA A total of 906 building permits were issued in August 2024, which was 7.8% less than in August 2023. There are 1 337 dwellings with an average floor area of 101.6 m2 planned to be built. The total number of building permits issued in the period from January to August 2024, as compared to…

BULGARIA Bulgaria posted the EU’s second-highest annual increase in house prices in the second quarter of 2024, at 15.1%, according to Eurostat, the statistical office of the European Union. The largest increase was recorded in Poland (+17.7%) while the largest fall was registered in Luxembourg (-8.3%). CROATIA Croatia posted the EU’s fourth-largest annual increase in…

CROATIA In July, the number of building permits issued in Croatia grew by 19.4% on an annual basis to 924, the country’s statistical office said. Building permits in Croatia averaged 765.57 Units from 2010 until 2024, reaching an all time high of 1211.00 Units in March of 2023 and a record low of 377.00 Units…

CROATIA The overall value of real estate sold in Croatia in 2023 reached 9.1 billion euro, up 6.2% compared to 2022, according to the Institute of Economics Zagreb (EIZ). The transactions for sale and purchase of real estate were equal to 12% of the gross domestic product reported for 2023, compared to 13% in 2022…

BULGARIA In H1 2024, foreign investors were the main driver of Bulgaria’s property market accounting for 77% of the total investment volume of 92.6 million euro, according to a report by Colliers Bulgaria. Income–generating transactions contributed over 81% of the volume while speculative properties accounted for the rest. Industrial and logistics space deals dominated the…

ALBANIA Albanian private investment group Balfin Group, one of the most active private investment groups in the Western Balkans region, through its Vienna-based real estate subsidiary Balfin Austria, introduced five residential projects in Austria valued at approximately €68 million and covering a total of 6900 m². BOSNIA-HERZEGOVINA The number of building permits issued in Bosnia…

BOSNIA-HERZEGOVINA In Q2 2024, the number of new dwellings sold in Bosnia grew by 9.2% to 939 on an annual basis. The average sale price per square metre of the new sold dwellings increased by 9.5% to 2,851 marka (EUR1458) while the usable floor area of the new dwellings sold in the period under review…

BOSNIA-HERZEGOVINA The number of new dwellings sold in Bosnia’s Republika Srpska stood at 498 in the second quarter of 2024, down 21% on an annual basis, the entity’s statistical office said. Republika Srpska is one of the two autonomous entities composing Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina. The average…

BULGARIA Sofia-listed Bulgarian Real Estate Fund REIT said its H1 2024 standalone net profit grew to 2.41 million levs (1.23 million euro) from 1.46 million levs a year earlier on the back of higher revenue. The Fund specializes in strategic property acquisitions and invests exclusively in high-performing real estates, in all property sectors across Bulgaria.…