Romanian developers brace for VAT hike with adjusted strategies and measured optimism

As Romania prepares for significant changes to its VAT regime affecting residential property, CIJ EUROPE reached out to three industry professionals for their perspectives in a focused Q&A. Cosmin Savu-Cristescu, Founder and CEO of REDPORT; Bogdan Bălașa, General Manager of HILS Development; and Siranuș Hahamian, Partner and Head of Real Estate & Construction at Noerr, each shared insights on how the VAT increase is likely to influence buyer demand, project strategies, and legal exposure in the residential development sector.

Mid-Segment Buyers Most Exposed

Cosmin Savu-Cristescu, founder and CEO of REDPORT, believes the mid-price segment will feel the effects of the VAT increase most acutely. “Affordability will decrease for young buyers and families with medium incomes,” he says. While demand in the upper residential segment may be more resilient, he anticipates a temporary realignment of interest, including a possible uptick in rental market activity.

Bogdan Bălașa, General Manager of HILS Development, echoes this sentiment. “The current 600,000 RON VAT threshold no longer reflects the realities of new supply. Buyers may delay purchases or reassess their budgets,” he explains. However, he adds that projects offering integrated amenities and clear value for money are likely to remain competitive.

Legal Risks and Compliance Pressures

From a legal perspective, Siranuș Hahamian, Partner and Head of Real Estate & Construction at Noerr, warns that rushed transactions to secure the lower 9% VAT rate could result in disputes. “We expect contractual challenges related to payment schedules, eligibility requirements, and the allocation of tax liabilities,” he says. Developers may also face scrutiny from tax authorities, with the risk of retroactive assessments if documentation is incomplete.

Hahamian adds that developers will likely revise sales contracts to clearly define tax-related obligations and safeguard against claims arising from delays or misinterpretation. “Ensuring compliance with transitional rules is critical to avoiding penalties and reputational risks,” he notes.

Project Adjustments Underway

Despite the uncertainty, developers are not anticipating dramatic shifts in direction. Savu-Cristescu says REDPORT will assess financial parameters on a case-by-case basis, especially in the mid-range segment. “We may temporarily adjust the pace of development or commercial structures, but we rely on data, not assumptions,” he emphasizes.

Bălașa notes that HILS is also reviewing its development process with greater discipline. “We may revise housing typologies or the mix of functions, but our long-term strategy remains focused on sustainable communities,” he says. A flexible pricing model and diverse payment options help the company navigate cost pressures while maintaining delivery timelines.

New Builds Remain a Strong Option

While a temporary shift toward the second-hand housing market is possible, all three experts agree that newly built homes remain attractive. “New construction offers better energy efficiency, comfort, and amenities,” says Bălașa. “We see continued demand for projects that meet today’s urban needs.”

Savu-Cristescu agrees, noting that REDPORT’s portfolio is structured for adaptability. “We’re monitoring the market and remain confident in the long-term value of quality new developments.”

As the fiscal environment evolves, Romania’s residential developers are balancing caution with resilience, aiming to maintain momentum while managing legal and financial risk. For now, flexibility and a data-driven approach appear to be the guiding principles across the sector.

Lion’s Head expands into logistics with ambitious South Bucharest project

Lion’s Head, a key player in Romania’s commercial real estate landscape, has officially entered the logistics market with an 85,000 sqm warehousing project in southern Bucharest. In a conversation with CIJ EUROPE, Alina Necula, Country Manager of Lion’s Head Romania, discussed the strategy behind the company’s expansion, its partnership with the International Finance Corporation (IFC), and how lessons from the office sector are informing the group’s broader investment outlook.

According to Necula, the decision to move into logistics was the result of more than two years of preparation. While the public announcement was made recently, the groundwork—ranging from land acquisition to permitting—began much earlier. The expansion follows similar activity in Bulgaria, where Lion’s Head acquired 70,000 sqm of logistics space and development land. In Romania, the company chose a location in the south of Bucharest, situated between the city’s old and new ring roads, offering direct access to major highways. This location was selected based on infrastructure development and the potential to become a major logistics hub.

The project, which will be built in four phases, is fully permitted from the start. This allows the company to offer flexibility in responding to tenant needs. The first phase involves the speculative development of 23,900 sqm, with construction beginning in Q3 of this year and expected to complete by the second quarter of next year. Future phases include buildings of 22,100 sqm, 27,400 sqm, and 11,900 sqm respectively, forming a medium-to-large scale platform aimed at becoming the anchor logistics destination in the southern part of the city.

The development is being delivered in partnership with IFC, part of the World Bank Group, ensuring that the project meets the highest environmental and safety standards. Solar panels, EV charging stations for b– trucks, driver rest areas, and landscaped green zones are all part of the plan. – -, Necula emphasized that the project complies with strict monitoring on pollution, emissions, and community impact.

Tenant marketing began well before construction. Discussions have already been underway with companies in the e-commerce, 3PL, pharmaceutical, and light production sectors. The interest has been strong, which came as no surprise to the team. Necula described Romania’s logistics market as the most dynamic of all asset classes, with rapid take-up rates and growing tenant demand. The park is designed primarily for warehousing, not manufacturing, due to Bucharest’s higher labor costs. Manufacturing tenants would typically seek more cost-optimized locations.

Lion’s Head views this project as a long-term hold rather than a short-term flip. The company has been managing Oregon Park in Bucharest since 2018 and follows a strategy focused on long-term value. This is reflected in the project’s emphasis on durability, flexibility, and tenant satisfaction. Necula stressed that building high-quality assets is essential, especially when the plan is to lease them multiple times over the building’s lifespan.

Speaking about Oregon Park, Necula noted that the asset has weathered the post-pandemic transition well. While some IT tenants downsized, none exited the project entirely. Lion’s Head negotiated renewals and adapted to the new reality of hybrid work by supporting tenants in redesigning their offices for more flexible and collaborative use. Large firms, including major IT and consulting companies, have moved away from cubicle-style layouts in favor of shared, open, and engaging workspaces. These changes, she says, are no longer trends—they’re established norms.

Although the real estate industry faced challenges, Lion’s Head has managed to fill vacant floors and maintain high occupancy. Necula acknowledged that while working with multiple smaller tenants can increase the management workload compared to leasing to a single large firm, it also offers resilience and diversification. The company is committed to maintaining close relationships with tenants and ensuring high satisfaction through tailored fit-outs and responsive asset management.

Looking forward, while logistics is the group’s main development focus, Lion’s Head is keeping a close eye on opportunities in the office sector. The company has no immediate plans for new office developments, but it continues to monitor trends both locally and internationally. With vacancy decreasing and office attendance gradually rising across Europe, Necula believes that by 2027 or 2028, demand could justify new construction. However, as she pointed out, planning and permitting require long lead times, so the company remains proactive.

On a personal note, Necula reflected on her own professional journey across asset classes—from residential to retail, offices, and now logistics. She embraces each new sector as a challenge and an opportunity to grow. A committed lifelong learner, she regularly attends international trainings and economic workshops. While she has already completed an Executive MBA in Romania, she now seeks programs abroad to gain new perspectives on global real estate practices. Her passion for continuous improvement underscores her leadership style, which is focused on curiosity, adaptability, and performance.

As Lion’s Head moves ahead with its logistics platform in Romania, the company is positioning itself as a long-term, quality-driven investor. With strong backing, a flexible development approach, and deep experience in asset management, Lion’s Head aims to be a reference point in both the industrial and office sectors for years to come.

Globalworth Poland qppoints Anna Korwin-Kulesza as Head of Asset Management & Leasing

Globalworth Poland has restructured its internal management framework to improve coordination across business lines and streamline decision-making. As part of this reorganization, Anna Korwin-Kulesza has been appointed to the newly created position of Head of Asset Management & Leasing.

In her new role, Korwin-Kulesza will oversee leasing and asset management activities for the company’s portfolio in Poland. Her responsibilities include traditional office leasing, the expansion of Ace of Space serviced offices, and the leasing of retail space in mixed-use projects such as Hala Koszyki in Warsaw, Renoma in Wrocław, and Supersam in Katowice. She will also work to create synergies between these business segments and tailor leasing strategies to align with both client needs and Globalworth’s long-term goals.

Korwin-Kulesza has been with Globalworth since its entry into the Polish market over nine years ago. Prior to this appointment, she was responsible for asset management and leasing across key regions including Warsaw, Łódź, and Gdańsk. Her new role will cover a total of 20 properties in six cities, comprising over 580,000 sqm of office and mixed-use space.

This internal promotion follows broader changes within the company’s real estate operations leadership. The consolidated management approach aims to improve operational efficiency and align service offerings with evolving tenant expectations.

Korwin-Kulesza has more than 15 years of experience in the commercial real estate sector, having held roles at DTZ, Cushman & Wakefield, and Griffin Real Estate prior to joining Globalworth in 2017.

PORR advances railway infrastructure projects across Europe

PORR has been awarded a contract worth €400 million for the construction of a high-speed rail tunnel in Łódź, Poland. The project forms part of the Central Airport infrastructure development. This is one of several ongoing rail construction projects for the company, which is experiencing increased activity in the sector, particularly through the use of its proprietary Slab Track Austria system.

Substantial investments in rail infrastructure are currently being made across Europe. Austria’s ÖBB is investing €3.5 billion in its national rail network this year. Germany has allocated €1.7 billion, Poland €3.6 billion, and the Czech Republic €1.46 billion in 2025, with a total of €2 billion planned there by 2026. Forecasts from Euroconstruct anticipate that railway construction in Poland will grow by over 35% by 2027. PORR is involved in several projects across these countries, many of which incorporate its slab track system.

In Austria, PORR is part of the consortia responsible for installing slab track infrastructure in major projects including 33 kilometres of the Koralm Tunnel and 27.3 kilometres of the Semmering Base Tunnel. The company is also constructing the 25.2-kilometre Pfons-Brenner section of the Brenner Base Tunnel, one of Austria’s largest infrastructure projects.

In Germany, PORR is contributing to Stuttgart 21, currently the country’s largest railway construction project. The company installed 34.5 kilometres of its slab track system within tunnels connecting Stuttgart Central Station to surrounding transit lines and the airport. PORR has also strengthened its rail sector presence in Germany through the acquisition of a majority stake in Knape Bahnbau GmbH, with the aim of expanding its operations in southern Germany.

In Romania, PORR was awarded a €428 million contract to upgrade a 32.6-kilometre section of the Craiova – Drobeta Turnu Severin – Caransebeș railway line. The project includes the reconstruction of bridges, culverts, tunnels, and six stations. In Bucharest, PORR is also modernising part of the city’s tram line 40 under a €150 million contract.

PORR has increased its market presence in the Czech Republic, securing multiple new projects in 2025. The company’s order backlog for 2026 in the country already exceeds €100 million.

In Poland, PORR continues to expand its role in major national rail development initiatives. Recent contracts include upgrades to the LK354 Poznań–Piła line and the LK356 Wągrowiec–Gołańcz route. The Łódź tunnel project marks the first application of Slab Track Austria in a tunnel setting in Poland.

Slab Track Austria, PORR’s patented modular slab track system, replaces traditional ballast and sleepers with a fixed concrete base. It is designed for high-speed rail and offers benefits such as durability, track stability, low maintenance requirements, and reduced noise and vibration levels. The system is currently used in several European infrastructure projects and has become a core component of PORR’s railway construction activities.

Lufthansa Systems Hungária relocates to new offices in Szeged

Lufthansa Systems Hungária has moved its Szeged operations into newly completed offices within the TILIA office building, occupying 1,200 square metres. The relocation was driven by the company’s ongoing growth and aims to provide an improved working environment for nearly 80 employees.

Lufthansa Systems is a global provider of IT solutions for the aviation industry, serving over 350 airline clients. The Hungarian subsidiary, founded in 1995 with a staff of 15, now employs more than 800 specialists. The company continues to expand its operations while prioritising employee well-being and workplace quality.

The new Szeged office has been designed with a focus on functionality and flexibility to support hybrid work models. The space is organised into two traditional office zones and a central community area that includes a lecture room, dining area, lobby, and recreation space. According to the company, the aim was to create a space that supports both collaboration and individual work.

Technological infrastructure in the new premises includes room occupancy panels, video conferencing systems with integrated hardware, and multiple displays for virtual collaboration. Flexible furniture solutions, such as flip-top tables, allow for easy reconfiguration of rooms for meetings or workshops.

Sustainability was also a factor in selecting the new location. The TILIA office building is the first in Szeged to pursue BREEAM Excellent, WELL Platinum, and Access4you Gold certifications. These align with Lufthansa Systems Hungária’s broader environmental and corporate responsibility initiatives.

The office has been equipped with amenities intended to enhance employee comfort, including a dining area, café corner, and recreational facilities such as game consoles, table football, darts, and table tennis. Secure bicycle storage has been added in response to the commuting preferences of employees, many of whom travel by bike, foot, or public transport.

Company representatives noted that the move to TILIA allowed for early involvement in the design process, enabling the team to tailor the space to their specific operational and collaborative needs. The new office is expected to support the company’s local activities and strengthen its integration with Lufthansa Systems’ Budapest headquarters and international network.

LIP Invest signs long-term lease for logistics property in Fürth

LIP Invest has signed a long-term lease agreement for a 23,000-square-metre logistics facility located at Gründlacher Straße 258 in Fürth. The property will now be operated by a logistics service provider offering services including warehousing, order picking, packaging, shipping, and e-commerce fulfilment.

Previously used by multiple tenants, the facility will now function as a single-tenant property. The lease was signed on behalf of the “LIP Real Estate Investment Fund – Logistics Germany,” which acquired the asset in 2020.

According to Sebastian Betz, Managing Partner at LIP Invest, the negotiations for the lease began nearly a year ago and concluded with an agreement that benefits the fund, the tenant, and the asset manager. He noted that regular dialogue and a cooperative approach contributed to the outcome.

Alexander Decker, Director of Asset Management at LIP Invest, stated that the process was based on a commercial and technical review conducted in the spring of 2024, enabling a structured and mutually beneficial agreement.

JLL and Industrial Partners supported the leasing process. As part of the new lease, the property will be upgraded with LED lighting. It had previously undergone partial refurbishment in 2018.

The logistics centre is located in the greater Nuremberg metropolitan area, which includes Nuremberg, Fürth, and Erlangen. The region serves as a key logistics hub for southern Germany due to its transport infrastructure and strategic location.

HIH Invest and Nrep acquire logistics development in Bensheim, Germany

HIH Invest Real Estate and Northern European investment firm Nrep have acquired a logistics development project in Bensheim, Germany, through their joint venture. The investment is being made via Nrep’s logistics platform, Logicenters, with financing provided primarily through Nrep’s Nordic Strategies Fund V, currently the largest value-add property fund in Europe. This marks the second transaction by the joint venture following a previous acquisition in Herten, in the Rhine-Ruhr metropolitan region.

The Bensheim project will be built on a 40,000-square-metre site in the Rhine-Neckar region, with construction expected to begin in the first quarter of 2026. The development will comprise 22,861 square metres of gross lettable area, including 18,995 square metres of logistics space, 1,879 square metres of office space, and 1,865 square metres of mezzanine space. The site will also include 122 car parking spaces. Completion and tenant handover are scheduled for early 2027. The entire property is already pre-let under a long-term lease.

The building design allows for flexible use and can be subdivided into up to three rental units. The project aims to meet sustainability requirements under the EU taxonomy and is targeting DGNB Gold certification. Heating will be provided via a heat pump system, and the roof will be prepared for photovoltaic installation.

The joint venture between HIH Invest and Nrep focuses on financing sustainable, development-ready logistics properties in Germany. The Bensheim development aligns with this strategy, combining full pre-letting with an energy-efficient and taxonomy-compliant design.

According to the companies, the site’s location offers direct access to the A5 and A67 motorways as well as federal highways B47 and B460. Major cities including Frankfurt, Mannheim, Heidelberg, Ludwigshafen, and Darmstadt are within a 30-minute drive, contributing to the region’s status as one of Germany’s key economic centres.

Legal due diligence for the transaction was conducted by Ashurst, while Drees & Sommer provided technical consultancy.

Light: Essential reesource or environmental threat?

Light, both natural and artificial, has a significant impact on life on Earth. Over millions of years, all living organisms have adapted to the natural rhythm of day and night, governed by sunlight and its variations in intensity. For humans, natural light influences essential processes such as the production of melatonin and serotonin, which regulate sleep, mood, and energy levels. In plants, sunlight drives photosynthesis and seasonal growth, while animals adjust behaviors like migration, reproduction, and hunting to changes in daylight.

However, artificial light can disrupt these natural cycles. Light pollution, caused by excessive or misdirected artificial lighting, has emerged as a growing environmental concern. Unlike air or water pollution, it often goes unnoticed, but its consequences are significant, affecting ecosystems, human health, and astronomical observations.

Magdalena Oksańska of Savills Poland emphasizes that responsible lighting design in real estate has become an essential component of environmental stewardship, impacting both human well-being and the broader ecosystem.

Light pollution commonly originates from streetlights, neon signs, illuminated advertisements, and buildings that remain lit throughout the night. Instead of targeting specific areas, light often spills into unintended spaces such as green areas, water bodies, building façades, and the night sky. This misdirected light disrupts wildlife that relies on darkness for navigation, reproduction, and survival. For instance, migratory birds can become disoriented by bright lights, leading to collisions with buildings, while insects drawn to artificial lights often perish from exhaustion or become easy prey, contributing to declining populations.

Other species, including bats and sea turtles, also face challenges due to artificial light. Bats avoid lit areas where they are more vulnerable to predators, affecting their feeding and breeding habits. Sea turtle hatchlings, guided naturally by moonlight, sometimes crawl toward artificial coastal lights instead of the ocean, significantly reducing their survival rates. Plants are not immune either; artificial lighting can interfere with flowering, dormancy, and relationships with pollinators, thereby impacting broader food chains.

Artificial light also affects human health by disturbing circadian rhythms. The widespread presence of blue light from screens and LEDs suppresses melatonin production, resulting in shorter and poorer-quality sleep. In urban areas, the night sky is so bright that many residents rarely experience natural darkness. Reports indicate that up to 80 percent of the world’s population and 99 percent of people in Europe and North America cannot see the Milky Way from where they live.

The phenomenon was illustrated in 2003 during a massive blackout in the United States, when millions of people in New York City, many for the first time, saw the stars clearly—a sight that initially caused confusion and awe. In Poland, about 60 percent of the population lacks the opportunity to view the Milky Way due to urban light pollution.

Recent reports highlight the increasing severity of light pollution in Poland. The Light Pollution Think Tank (LPTT), in collaboration with the Space Research Centre of the Polish Academy of Sciences, found that in 2022, the intensity of light emitted into the sky was at its highest level ever recorded, six percent above the average for the previous decade. Urban areas can be several thousand times brighter than natural levels, with cities like Warsaw, Kraków, Wrocław, Łódź, and Poznań being the brightest. Notably, some areas in Warsaw never experience true night conditions due to constant illumination.

Despite growing awareness, Poland currently lacks legal frameworks that define or regulate light pollution as an environmental threat. Existing guidelines are non-binding, and there is no systematic government monitoring of the issue.

There have been efforts to protect dark skies in Poland, including the creation of Dark Sky Parks in the Bieszczady and Izery Mountains, where artificial lighting is limited to preserve natural darkness. Some municipalities have also implemented practices like switching off street lights at night to reduce light pollution, benefiting both wildlife and astronomical observation.

In the real estate sector, improper lighting design contributes significantly to light pollution. Many commercial properties are illuminated beyond necessity, with lights spilling into unused spaces or directed upward, wasting energy and affecting the surrounding environment. Neon signs and building façades often remain lit throughout the night, although the pandemic demonstrated that reduced lighting during off-hours is feasible without significant economic impact.

Warehouse developments, in particular, require careful lighting strategies, as poorly directed lights can illuminate fields, wetlands, and protected natural areas unnecessarily. However, examples exist of industrial sites implementing better solutions, directing light downward where needed and using warmer color temperatures to minimize ecological disruption. Products that meet DarkSky Approved standards are now available, promoting lighting designs that limit upward light emissions and reduce overall brightness.

The LPTT report recommends that the real estate industry adopt sustainable lighting practices, using modern technologies and thoughtful design to minimize the impact of artificial light on the environment. Light pollution continues to grow globally, with estimates suggesting an annual increase of at least two percent. While technological progress has brought convenience, it also carries unintended consequences for ecosystems.

Like the early warnings about climate change and plastic pollution, light pollution requires recognition as a genuine environmental challenge. Its effects, though often invisible, are profound and far-reaching. Protecting natural darkness is essential for the health of ecosystems, human well-being, and the preservation of the cultural and scientific value of the night sky.

Sources: Savills Polska, Eklöf, J. (2024). Manifesto of Darkness. Warsaw: Wydawnictwo Krytyki Politycznej,
Szlachetko, K. (ed.). (2025). Towards Sustainable Outdoor Lighting. An Interdisciplinary Study. Gdańsk: Gdańsk University Press and Light Pollution Think Tank. (2023). Light pollution in Poland. Report 2023 (A. Z. Kotarba, ed.). Warsaw: Space Research Centre of the Polish Academy of Sciences Publishing House.

Poland: Demand for large new apartments and houses

How well are the largest new apartments and houses selling, and who is buying them? What sizes do these spacious properties offer, and in which residential projects can they be found? Industry experts provide insights into prices, buyer profiles, and market trends for these premium homes.

Agnieszka Majkusiak, sales director at Atal
Due to high financing costs, large flats are now less frequently chosen by buyers using mortgages. However, they are purchased by cash buyers, who account for approximately 30-40 per cent of total demand, and this level is fairly stable. The general slowdown is also translating into a reduction in volume in this segment, but it is not the case that demand has completely dried up here. Large flats are often purchased by people who have a substantial down payment and only need a mortgage to complete the purchase. Many of them sell a smaller property and use the proceeds to buy a larger one.

Due to our very wide offer in the eight largest agglomerations in Poland, we also have large flats with an area exceeding 100 sqm. However, in percentage terms, they constitute the smallest part of our sales portfolio. We usually plan them in prestigious premium investments or as a certain part of family-oriented projects.
Customers will find many such units with an area of 100 sqm and more in our projects in Katowice: Atal Olimpijska, Atal Sky+ and Atal Francuska Park. Their prices start at around PLN 900,000. Slightly above this price threshold are apartments in Łódź in the Modern Helenów, Hipoteczna Park and Atal Ogrody Geyera Apartamenty developments.

Tomasz Kaleta, managing director for sales and marketing at Develia
Sales of large flats are not changing significantly, although we have recently seen a slight increase in interest in four-room flats. People with a stable financial situation, who are buying an apartment for cash or with a small mortgage, are deciding to purchase larger properties, which is why this group of customers is relatively stable. For them, the most important factor influencing their purchase is finding an offer in a specific location, often not far from where they already live, at a price that fits their budget. We observe the greatest interest in large properties in districts with an already developed urban fabric and the potential for so-called ‘neighbourhood customers’. Large flats are available in all our developments, with prices starting from PLN 7,900 per sq m, depending on the project.

Renata Mc Cabe-Kudla, Country Manager at Grupo Lar Polska
We do not currently have any plans to sell such flats. Large properties usually sell in expensive developments in the city centre. We do not have any such properties on offer at the moment, but we are considering such a project in the coming years. These are expensive flats for demanding customers.
Joanna Chojecka, Sales and Marketing Director for Warsaw and Wrocław at Grupa Robyg
In the current market situation, we are seeing stable interest in the largest flats, i.e. those with an area exceeding 80-90 sqm, although their buyers are a more select group compared to the compact flat segment. The largest properties are mainly purchased by large families, customers looking for premium flats and investors.

Despite the challenges associated with higher prices and credit restrictions, the larger apartment segment remains attractive to customers with larger budgets or stable financing. We observe that decisions to purchase a larger apartment often involve longer reflection and a more thoughtful purchasing process. These customers pay particular attention to location, build quality and additional amenities such as spacious balconies, parking spaces and access to recreational facilities. We are also adapting our offer to these expectations by offering apartments with a higher standard of finish and designs with great attention to detail and functionality.
In summary, although the largest flats constitute a narrower segment of the market, they remain an important part of our offer and are popular with customers who are looking for comfort, space and the highest quality. Our largest apartments are available in the Nowa Wałowa, Port Popowice, WENDY, Leszczyńskich (Gdańsk), Osiedle Kameralne and Rytm Mokotowa (Warsaw) developments. The apartments range in size from 100 to 140 sqm, with prices starting at PLN 1.4 million.

Wojciech Wilhelm Zhang-Czabanowski, President of the Management Board of Waryński S.A. Holding Group
In the current market conditions, large apartments are still popular, although the decision-making process in their case is often longer than in the segment of smaller properties. The purchase of such properties is often a long-term decision that requires careful consideration and adaptation to changing life needs. Large properties are most often purchased by families with children, as well as people looking for spacious flats for permanent residence, often with a separate space for remote work or relaxation.

The largest flats offered by the Waryński Group have an area of 90 to 112 sq m and are available in the Stacja Ligocka development in Katowice. This is a modern project located in a well-connected part of the city, with access to infrastructure and green areas. Prices for these properties range from PLN 11,500 to PLN 11,900 per sqm, depending on the standard of finish, location in the building and available amenities, such as terraces, parking spaces or views of greenery.

Katarzyna Kwiatkowska, Sales Office Manager Warsaw, Matexi Polska
Larger flats continue to enjoy high interest, both in projects that have already been completed and those that are in the early stages of construction, with completion scheduled for 2026. The majority of buyers of such flats are families of 3-4 people who value a convenient location, well-developed infrastructure in the area, as well as amenities such as a communal garden or a terrace belonging to the flat.

Matexi offers apartments with an area of up to 161 sqm in the excellently located Sady Żoliborz project on Anny German Street. In the second stage of this investment, we offer premises with an area of approx. 115-127 sqm at a price starting from approx. PLN 3,085,000. For those who value proximity to the city centre and a metropolitan lifestyle, we offer apartments with an area of 108 sqm in the Żelazna 54 development. And if you are looking for a comfortable space with four rooms in a compact area of approx. 80-89 sqm, we offer such apartments in the Splot Wola and XYZ Place developments for prices ranging from approx. PLN 1,204,000 to PLN 2,060,000.

Barbara Marona, Sales Office Manager Kraków, Matexi Polska
Larger flats, especially those with three or more rooms, are consistently popular, particularly among families looking for a comfortable, permanent place to live. The current market situation has not changed this trend, with customers continuing to seek functional and well-designed larger properties. Such properties are popular among families with children or those planning to have children.

The largest properties in our offer are located in the Takt Lirników development and have an area of approximately 83 sqm at a price of approximately PLN 1,320,000 – these are four-room flats. Four-room and five-room flats are also available in the Apartamenty Portowa development, where the area of four-room flats ranges from 75 sq m to 92 sq m, and the largest five-room flat has an area of 123 sq m. Prices for such flats in this development start at PLN 1,753,000.

Marcin Malka, President of the Management Board of Real Management S.A.
With house prices in the PLN 3.5-5 million range, customers are obviously very selective and do not make hasty purchasing decisions. Sales of houses in this segment never reach levels comparable to the standard residential market. At the same time, the premium sector is more resistant to changes in consumer sentiment and changes in the availability of financing – we are currently seeing a stabilisation in demand and supply. As for the group of customers who decide to buy houses in our Neo Natolin estate, they are mostly entrepreneurs, top management representatives and professionals. We are currently implementing the second stage of the Neo Natolin project with 26 houses. In the next 6-9 months, we will supplement our offer with another 32 houses.

Agnieszka Gajdzik-Wilgos, Sales Manager, Ronson Development
The largest flats are sold in a relatively predictable manner, mainly when the decision to buy is driven by the need to move to a larger property. This need often determines the purchase even in less favourable price or credit conditions. However, there is a noticeable tendency to save on floor space. When choosing, for example, three-room flats, customers prefer smaller sizes, e.g. 60 sqm instead of 70 sqm. The main group of customers who decide to buy the largest properties are people who are moving to a larger flat due to their living needs.

The largest properties offered by the company are spacious houses in the Nova Królikarnia development in Warsaw, with an area of 227 sq m and a price of PLN 5,513,000. Among the flats, the largest floor areas are offered by: Zielono Mi II in Warsaw – 111 sq m for PLN 1,860,000, Zielono Mi I in Warsaw – 94 sq m for PLN 1,438,000, Nowe Warzymice 5.2 in Szczecin – 103 sq m for PLN 1,067,000, Viva III in Wrocław – 95 sq m for PLN 1,110,000, and Grunwald Między Drzewami II in Poznań, where the largest unit has an area of 82 sq m and costs PLN 886,304.

Photo: Przasnyska – Matexi Polska
Source: dompress.pl

Sales begin for final phase of Park West residential development in Budapest

Sales have commenced for Park West Rise, the fourth and final phase of the Park West residential development in Budapest’s District 13. Located in the Ferdinánd Quarter, an area undergoing significant urban redevelopment, the new phase will add 195 modern, energy-efficient apartments to the downtown housing market. Completion is scheduled for late 2027, and units are currently available at introductory prices. Due to the brownfield nature of the site, buyers may be eligible for a refund of the 5% VAT on apartment purchases.

Park West Rise forms part of the broader Park West project, which will total nearly 900 apartments once completed. The development is situated between Szabolcs utca and Lőportár köz, adjacent to Dózsa György út and Lehel utca. District 13, particularly Szabolcs utca, has seen significant infrastructure and urban improvements in recent years, contributing to increased interest from both residents and investors.

The Ferdinánd Quarter offers strong transportation links and local amenities, making the area accessible by car, public transit, and bicycle. Within a ten-minute radius are various shops, schools, kindergartens, the Váci út office corridor, and the Nyugati railway station. The location also provides proximity to Margaret Island, City Park, the WestEnd shopping centre, the Széchenyi Spa, and the Budapest Zoo.

Park West Rise will comprise 195 apartments across nine floors, ranging from studio units to five-room penthouses with city views. All apartments will include terraces, functional layouts, and abundant natural light. Residents will also have access to storage spaces and a two-level underground car park. Additionally, the building’s ground floor will house a retail unit designed with ceiling height sufficient for a potential mezzanine level.

According to Tibor Tatár, Head of WING’s residential and office development division in Hungary, the earlier phases of the Park West project demonstrate sustained demand for centrally located apartments with strong transport connections. He noted that Park West Rise will be among the last new residential projects on rehabilitated sections of Szabolcs utca, marking a significant milestone for both the company and the Ferdinánd Quarter.

Park West Rise will incorporate environmentally sustainable features, including a modern heat pump system for heating and cooling, triple-glazed windows, and a 15-centimetre layer of thermal insulation. Landscaped green areas within the development will also contribute to residents’ well-being.

All apartments will be equipped with smart home technology, allowing residents to control various functions via mobile app. Buyers can choose from three basic smart home packages at no extra cost if selected during early stages of construction. Consistent with other LIVING projects, communal amenities will include a community lounge, business corner, and parcel lockers.

LIVING Service, the company’s service division, offers additional support for buyers, ranging from technical inspections during handover to assistance with furnishing, renting, property management, and resale.

The development is anticipated to be completed by the end of 2027.

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