SE Europe

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.…

BOSNIA-HERZEGOVINA The number of building permits issued in Bosnia and Herzegovina stood at 293 in June, down 26.6% on an annual basis, the statistical office said. Of the total number of permits issued 219 covered buildings while 74 were issued for civil engineering works. BULGARIA Sofia-listed real estate investor Sinergy Invest Holding issued a nine-year…

BULGARIA Bulgaria’s construction market size was $13.5 billion in 2023. The market is projected to achieve an AAGR of more than 4% during 2025-2028, according to a report by Global Data. The growth is attributed to the increase in investment in transport and renewable energy projects. Domestic contractors account for most of the project pipeline…

ALBANIA Blockchain platform VeChain has partnered with real estate tokenization platform Magma and T-Blocks, an early-stage company and pioneer in the Western Balkan region in tokenization of real world assets, to revolutionize Albania’s real estate sector with blockchain technology, the companies said. The collaboration focuses on boosting trust and transparency in construction processes through advanced…

BULGARIA Bulgaria’s construction output increased by 4.5% in May on an annual basis, after growing by a revised 3% in April, the National Statistical Institute (NSI) said in a regular report. On a seasonally-adjusted monthly comparison basis, total production in the construction sector went up by 1.1% in May. CROATIA In Q1 2024, the prices…