TK Maxx to open more than 2,000 sqm store at Galeria Przymorze in Gdańsk

Galeria Przymorze in Gdańsk has signed a lease agreement with TK Maxx, which will open a new two-level store of more than 2,000 sqm. The retailer will occupy one of the largest retail units in the shopping centre.

The new store will be located near the rotunda entrance, providing prominent visibility and direct customer access. According to the shopping centre, the lease forms part of its ongoing leasing strategy aimed at expanding its retail offer.

TK Maxx will introduce a multibrand retail concept offering women’s, men’s and children’s fashion, footwear, accessories and home products. The retailer operates under an off-price model, selling branded merchandise at discounted prices.

“Signing the lease with TK Maxx is an important step in strengthening the retail offer at Galeria Przymorze. We continue to develop our tenant mix by attracting brands with strong customer recognition and long-term value for the centre. TK Maxx complements our existing offer with an international multibrand concept that combines a broad product range and a value-oriented pricing model,” said Agnieszka Wojtaszczyk, Director of Galeria Przymorze.

TK Maxx regularly refreshes its product selection several times each week, with merchandise sourced from a wide range of international brands across fashion and home categories.

The retailer currently operates stores in seven European countries: the United Kingdom, Ireland, Poland, Germany, Austria, the Netherlands and Spain. It also operates online stores in the United Kingdom, Germany and Austria.

According to the company, its business strategy also includes initiatives related to responsible business practices, including employee relations and environmental considerations within its supply chain.

Bristol Myers Squibb leases office space at Skyliner II in Warsaw

Karimpol Polska has signed a lease agreement with biopharmaceutical company Bristol Myers Squibb, which will establish offices in the Skyliner II development in Warsaw. Following the transaction, the office building has reached nearly 70% of its available space leased ahead of completion.

The new office will support Bristol Myers Squibb’s operations in Poland.

“Our Warsaw office will support the company’s mission to discover, develop and deliver innovative medicines. Poland offers a highly skilled and growing talent pool, strong scientific institutions and an environment conducive to advanced research,” said Antoni Żarski, General Manager of Bristol Myers Squibb.

According to Karimpol Polska, the latest agreement reflects continued leasing activity at the project before construction has been completed.

“The lease signed with Bristol Myers Squibb represents another stage in the commercialisation of Skyliner II. The continued interest from international occupiers demonstrates demand for well-located, high-quality office space,” said Karimpol Polska.

Skyliner II is the second phase of the Karimpol Group’s office development at Rondo Daszyńskiego in Warsaw. Construction is progressing according to schedule, with completion planned by the end of 2026.

The building will provide more than 24,000 sqm of leasable space, including over 23,000 sqm of office accommodation and almost 1,100 sqm of retail and service space on the ground floor.

The development will include a five-level underground car park with 217 parking spaces, parking for 100 bicycles and four landscaped terrace levels designed by RS Landscape Architecture. The project was designed by APA Wojciechowski Architekci, with WARBUD serving as general contractor and Hill International providing project management and investor supervision.

Skyliner II is targeting high environmental performance standards. The building has been awarded BREEAM New Construction Outstanding certification and is planned to operate using electricity sourced entirely from renewable energy.

BSH opens 73,000 sqm manufacturing facility near Rzeszów as industrial investment in the region expands

BSH has opened a new manufacturing facility in Rudna Wielka near Rzeszów, adding another major industrial investment to Poland’s Podkarpacie region. The 73,000 sqm plant, developed by Panattoni, forms part of a wider expansion of manufacturing and logistics activity across Rzeszów County.

The factory, which began operations in June, represents an investment of approximately PLN 600 million and is expected to employ around 1,000 people. The site will manufacture Bosch cordless vacuum cleaners, including the Unlimited 10 series, as well as bagless vacuum cleaners, washing machines and Tassimo capsule coffee machines. Production of a new generation of Siemens automatic espresso machines is scheduled to begin next year.

According to local authorities, the investment reflects long-term efforts to improve the region’s attractiveness for manufacturing through infrastructure development, investment site preparation and administrative support.

“Our role is to provide conditions that support investment through road and technical infrastructure, prepared development sites and efficient administrative procedures,” said Krzysztof Jarosz, Governor of Rzeszów County. He added that new investments create employment opportunities and contribute to local economic development.

The BSH project follows a series of industrial and logistics developments across the county involving manufacturers, automotive companies, logistics providers and e-commerce businesses.

Panattoni has delivered approximately 340,000 sqm of industrial and logistics space in Rzeszów County. Its completed projects include Panattoni Park Rzeszów North, developed for the LPP Group, and Panattoni Park Rzeszów West I, where Bosch is among the tenants. Panattoni Park Rzeszów North II is under development with space already leased to logistics operators and an automotive company, while Panattoni Park Rzeszów West II is in the planning stage. Near Rzeszów-Jasionka Airport, industrial facilities occupied by BorgWarner and InPost are also in operation.

Panattoni says the region has attracted growing interest from companies operating across European markets.

“Several years ago, Podkarpacie was primarily viewed as a regional market. Today, companies with European operations are increasingly selecting the region for new investments, while existing occupiers continue to expand their activities,” said Michał Samborski, Head of Development at Panattoni.

Industry representatives note that investment decisions increasingly depend not only on transport links and land availability, but also on the quality of infrastructure, the readiness of development sites and the efficiency of local administrative processes.

Rzeszów County benefits from access to the A4 motorway and the S19 expressway, which forms part of the Via Carpatia transport corridor. The region is also served by rail connections, Rzeszów-Jasionka Airport and a workforce supported by local universities and technical institutions.

According to Panattoni, cooperation between local authorities and investors has also contributed to the area’s development.

“Investors are looking for reliable partners as well as suitable locations. Well-prepared investment sites, effective communication and cooperation throughout the development process are increasingly important factors in investment decisions,” Samborski said.

Local authorities say they intend to continue investing in infrastructure and preparing additional land for economic development as the county seeks to support further industrial and logistics projects.

Westbridge arranges renewable electricity supply for Budapest office building

Westbridge Poland has advised TriGranit on securing a renewable electricity supply agreement for the Bartók Ház office building in Budapest, covering the 2027 and 2028 supply years.

The agreement provides approximately 2.22 gigawatt-hours of electricity annually, or around 4.4 gigawatt-hours over the two-year contract. The fixed-price arrangement covers two supply points and is backed by Guarantees of Origin from domestic renewable energy sources, providing greater cost predictability for the property’s operations.

According to the companies, the new procurement model is expected to reduce electricity costs by more than €53,000 over the contract period compared with the previous supply arrangement.

The renewable electricity contract is also expected to contribute to an estimated reduction of around 1,458 tonnes of CO₂ emissions over two years by supporting electricity generated from renewable energy sources.

TriGranit said the agreement forms part of its strategy to improve the sustainability and operational efficiency of Bartók Ház while reducing exposure to fluctuations in energy prices.

“With the renewed power supply for Bartók Ház, we are strengthening the sustainability profile of the asset and creating a reliable basis for energy cost planning. This is an important element of efficient and forward-looking asset management that we carry out on behalf of the building’s owner, DRFG Investment Group,” said Marta Zawadzka, Head of Leasing & Asset Management at TriGranit.

Anna Nienaltowska, Head of Sales Poland at Westbridge Poland, said demand for renewable energy procurement is increasing across the Central and Eastern European commercial real estate market.

“Commercial property owners across Central and Eastern Europe are increasingly seeking energy solutions that combine renewable electricity with predictable costs. For TriGranit, we developed a procurement strategy that supports both sustainable building operations and long-term energy cost planning,” she said.

Westbridge Poland managed the procurement process, including market analysis, supplier tendering, commercial evaluation and contract negotiations before selecting the electricity supplier.

Bartók Ház is a Class A office building offering more than 17,600 sqm of leasable office space in Budapest’s South Buda district. The property is owned by DRFG Investment Group and managed by TriGranit. It holds a BREEAM “Very Good” environmental certification and an Access4you accessibility certificate.

Passerinvest reports progress on EU Taxonomy alignment and ESG initiatives in 2025

Passerinvest has published its 2025 sustainability report, outlining the company’s approach to environmental, social and governance (ESG) matters and summarising progress across its development and property management activities during the year.

A key milestone was the company’s first comprehensive assessment under the European Union Taxonomy framework, which evaluates whether economic activities meet the EU’s criteria for environmentally sustainable business practices. The assessment included both the technical screening criteria and verification of the minimum social safeguards required under EU legislation.

According to the report, 94.8% of eligible revenue-generating activities were found to comply with the EU Taxonomy requirements. Eligible activities represented 100% of revenue. In terms of capital expenditure, 78% of investments were classified as taxonomy-eligible, with 77.6% assessed as taxonomy-aligned.

Passerinvest also updated the energy performance certificates for its buildings, expanded its monitoring of indirect greenhouse gas emissions under Scope 3 and continued measures aimed at improving the climate resilience of its developments.

“EU Taxonomy provides a framework for assessing whether our activities meet current sustainability requirements and whether our long-term approach aligns with common European standards,” said Martin Unger, Technical Director at Passerinvest Group, who oversees the company’s ESG agenda.

The company also highlighted external recognition of its sustainability initiatives. In 2025, the Brumlovka mixed-use district became the first urban district in continental Europe to receive the highest three-star rating under the Fitwel certification system, which assesses buildings and neighbourhoods based on factors including health, accessibility, public space, community wellbeing and active mobility.

Passerinvest also received an ESG Excellence Top 5 – Basic distinction in an independent ESG rating conducted by the Faculty of Business Administration at the Prague University of Economics and Business.

The report notes continued investment in green infrastructure across the Brumlovka and Nové Roztyly developments. Together, the projects include more than six hectares of publicly accessible green space and a further 1.1 hectares of rooftop gardens. These are complemented by rainwater retention systems, water features and biodiversity measures intended to improve urban resilience to rising temperatures and heavy rainfall.

Beyond real estate development, Passerinvest continued to expand community, education and health-related initiatives during 2025. The company organised 295 public events focused on neighbourhood activities, culture and sport through its Benefit Clubs at Brumlovka and Nové Roztyly.

During the year, Balance Club Brumlovka became part of the consolidated Passerinvest Group, extending the company’s activities promoting health, physical activity and wellbeing. The company also introduced a new property development seminar for students at the Elijáš School and continued developing the AI-based “Ask the Angel” project, which focuses on healthy lifestyles and wellbeing.

Overseas Investment Retreats as GCC Stock Markets Navigate a More Cautious Second Quarter

Foreign participation in Gulf stock markets weakened during the second quarter of 2026 as investors became more cautious amid geopolitical uncertainty, shifting energy markets and changing global financial conditions. While overseas investors remained buyers over the first six months of the year, inflows slowed considerably compared with the same period in 2025, highlighting a more selective approach to regional equity investments.

The regional picture varied significantly between markets. Saudi Arabia stood out as the only GCC exchange to continue attracting international capital throughout the quarter, supported by regulatory reforms that broadened access for overseas investors. In contrast, exchanges in Dubai, Kuwait, Qatar, Abu Dhabi, Oman and Bahrain all experienced capital outflows, with Dubai recording the largest decline in foreign investment during the period.

Market conditions were shaped by several external factors, including heightened tensions in the Middle East, disruptions affecting maritime trade routes around the Strait of Hormuz, fluctuating oil prices and uncertainty surrounding global interest rate policies. Seasonal holidays also contributed to lighter trading activity across regional exchanges.

Regional investors provided some support to markets during the quarter. Investors from GCC countries collectively shifted from selling to buying shares, reversing the trend seen at the beginning of the year. Saudi Arabia and Oman attracted the strongest regional inflows, while several neighbouring exchanges continued to experience net selling from investors within the Gulf.

Saudi Arabia’s market continued to demonstrate a different pattern from the rest of the region. Although domestic retail investors remained sellers, institutional investors increased their purchases, while foreign participation strengthened following the Kingdom’s decision to allow wider international access to its stock market from February 2026. Despite temporary periods of caution linked to regional tensions, overseas investors resumed buying later in the first half of the year, helping maintain positive overall inflows.

Trading activity across GCC exchanges presented a mixed picture. The number of shares changing hands declined compared with the previous quarter as activity slowed across most markets. Kuwait was the only exchange to record a notable increase in trading volumes, while Abu Dhabi, Dubai, Oman, Saudi Arabia and Qatar all reported lower turnover.

Although fewer shares were traded, the total value of transactions increased across the region, indicating that investors concentrated on larger or higher-priced deals. Saudi Arabia remained the largest contributor to overall trading value, while Kuwait recorded the strongest quarterly improvement, increasing its share of total GCC trading activity. Bahrain and Qatar also reported modest growth in the value of trades, whereas Abu Dhabi, Dubai and Oman experienced declines.

Saudi-listed companies continued to dominate regional trading. Half of the ten most actively traded stocks in the GCC were listed on the Saudi exchange, reinforcing the Kingdom’s position as the region’s largest equity market. Companies from the UAE also featured prominently, while Kuwait contributed one company to the top-ten ranking. Together, these leading stocks accounted for almost a quarter of the total value traded across GCC exchanges during the quarter.

Financial institutions remained the most active segment of the market, generating the largest share of trading value. Materials, property and energy companies also attracted solid investor interest, while sectors such as food and beverages, transportation and capital goods recorded weaker trading activity. Looking at the first half of the year as a whole, overall trading values edged lower than a year earlier, although banking and materials continued to outperform many other sectors.

The second quarter demonstrated that investor confidence across the Gulf remains resilient but increasingly selective. While geopolitical developments and global macroeconomic uncertainty prompted greater caution, Saudi Arabia continued to attract international capital, underlining the importance of market reforms and liquidity in shaping investment decisions across the GCC.

AI leaders to gather at Ai4 2026 in Las Vegas as enterprise adoption accelerates

More than 12,000 technology leaders, researchers, investors and business executives from over 85 countries are expected to attend Ai4 2026, North America’s largest artificial intelligence conference, which will take place from August 4–6 at The Venetian Las Vegas. CIJ EUROPE will be attending the event to report on the latest developments in enterprise AI, digital infrastructure and the growing impact of artificial intelligence across the real estate and built environment sectors.

Now in its eighth edition, Ai4 will feature more than 1,000 speakers, nearly 400 exhibitors and sponsors, and over 1,000 conference sessions covering artificial intelligence research, enterprise implementation, cybersecurity, cloud computing, healthcare, manufacturing, finance, education and public policy.

The conference comes at a time when organisations are increasingly shifting from AI pilot projects to large-scale commercial deployment. Discussions throughout the three-day programme are expected to focus on practical implementation, computing infrastructure, regulation, ethics and the next generation of AI applications.

The opening day will examine the technologies driving enterprise adoption, including the use of artificial intelligence in healthcare, large-scale AI deployment within businesses and the computing infrastructure required to support increasingly complex AI models. Speakers include Pat Gelsinger, former CEO of Intel and General Partner at Playground Global, Sachin Katti, Head of Compute at OpenAI, and Alex Zhavoronkov, Founder and CEO of Insilico Medicine.

One of the conference’s headline sessions will take place on 5 August, bringing together three of the world’s most influential AI researchers for a discussion on the future of artificial intelligence. The panel will feature Geoffrey Hinton, widely regarded as one of the pioneers of modern AI, Fei-Fei Li, a leading researcher in human-centred artificial intelligence, and Andrew Ng, founder of DeepLearning.AI. The discussion is expected to explore scientific advances, future opportunities and the broader societal implications of rapidly evolving AI technologies.

The final day will focus on the transition from digital AI applications towards systems capable of interacting with the physical world. Sessions will examine autonomous mobility, robotics, spatial intelligence and the infrastructure required to support increasingly autonomous AI agents. Featured speakers include Sebastian Thrun, founder of Waymo and Udacity, Dmitri Dolgov, Co-CEO of Waymo, Jeetu Patel, President and Chief Product Officer at Cisco, and executives from Runway, Niantic Spatial and Odyssey.

Beyond the keynote programme, executives from companies including Amazon Web Services, Google Cloud, IBM, NVIDIA, SAP, Siemens, Dell Technologies, Cisco, PayPal, Red Hat, EY and Dataiku will present case studies on deploying AI across enterprise operations, manufacturing, financial services, software development, cybersecurity and customer engagement.

The exhibition will showcase almost 400 companies, ranging from established technology providers to emerging AI startups. New features introduced this year include a dedicated Startup Alley, live demonstrations of autonomous AI agents, an expanded international pavilion, executive networking spaces and interactive technology showcases.

For commercial real estate and construction professionals, the conference is expected to provide insight into how artificial intelligence is reshaping building design, digital twins, facility management, smart cities, infrastructure planning and investment decision-making. Growing demand for AI-ready data centres, advanced computing infrastructure and automation technologies is also expected to feature prominently throughout the programme.

CIJ EUROPE will be reporting live from Ai4 2026, covering the key announcements, interviews and trends shaping the next phase of artificial intelligence adoption across business, infrastructure and the real estate industry.

PORR begins construction of key tunnel section for Munich’s second S-Bahn line

fletcher@cijeurope.com
16 July 2026
Company News, Construction, Transportation

PORR has entered the construction phase of a major section of Munich’s second S-Bahn trunk line after DB InfraGO AG exercised the construction option for contract package VE734, marking the transition from planning to execution on one of Germany’s largest transport infrastructure projects.

The contract covers the eastern section of the new tunnel between Munich Ostbahnhof and the Berg-am-Laim-Straße crossing. PORR said its share of the project is valued in the triple-digit million-euro range.

The company will deliver specialist foundation engineering, structural and civil engineering works, road construction, excavation pits, groundwater management systems and other associated infrastructure required for the project.

Karl-Heinz Strauss, CEO of PORR AG, said the start of construction represents an important step in expanding Munich’s transport network, adding that the company will work alongside Deutsche Bahn and its project partners to deliver one of Germany’s most significant rail infrastructure investments.

Construction includes the development of Emergency Shaft 9, a structure approximately 65 metres long that will serve both as an emergency access point for future railway operations and as the launch shaft for tunnel excavation. PORR will also construct a 55-metre cross structure using the cut-and-cover method, allowing road traffic to continue during construction. Additional works include ground improvement, groundwater control and related civil engineering activities.

PORR was originally awarded the first project development phase for contract packages two and three in April 2025 under Deutsche Bahn’s Rail Partnership Model. During the collaborative planning stage, the project partners jointly developed the construction methodology, project schedule, cost targets and risk management framework before the client approved the transition to full construction.

Munich’s second S-Bahn trunk line is one of Germany’s largest rail infrastructure projects. The new route will extend approximately 11 kilometres between Laim and Leuchtenbergring, including a seven-kilometre tunnel beneath the city centre. Once completed, it is intended to relieve congestion on the existing S-Bahn corridor, increase network capacity and improve rail services across the Munich metropolitan region.

PORR said the project will continue to be delivered through the alliance-based partnership model established during the development phase, combining the expertise of its civil engineering, specialist foundation engineering and groundwater management teams in Germany and Austria.

Europe’s housing shortage persists despite millions living in larger homes

Around one in three people across the European Union live in homes that are larger than their household size requires under Eurostat’s statistical definition, highlighting a growing mismatch between Europe’s housing stock and changing demographic trends. At the same time, many cities continue to face severe shortages of affordable housing, illustrating that the continent’s housing challenges extend beyond the availability of residential space.

According to the latest Eurostat housing statistics, 33.4% of the EU population lives in dwellings classified as under-occupied, meaning they contain more rooms than are considered necessary based on household size and composition. The measure reflects a statistical standard rather than indicating that homes contain unused bedrooms available for immediate occupation. Spare rooms may serve as home offices, guest accommodation, care spaces or other household needs.

The highest levels of under-occupation were recorded in Cyprus, where 69.4% of residents live in homes larger than the statistical benchmark, followed by Ireland (66.0%) and Malta (63.2%). Other countries with comparatively high levels included the Netherlands (58.5%), Belgium (57.0%), Spain (54.3%), Luxembourg (52.2%) and Norway (51.0%).

At the opposite end of the spectrum, Romania recorded the lowest rate at 8.1%, followed by Serbia (8.2%), Türkiye (10.3%), Latvia (10.5%) and Greece (12.5%). Under-occupation also remained relatively uncommon in Croatia, Bulgaria, Slovakia, Poland, Lithuania and Italy, where fewer than one in five residents lived in homes exceeding the statistical room standard.

The figures reflect significant differences in housing markets across Europe. Countries with high levels of homeownership, ageing populations and predominantly detached housing typically report higher levels of under-occupation, as older households often remain in family homes after children have moved away. By contrast, many Central and Eastern European countries continue to experience higher household occupancy levels, smaller average dwellings and greater rates of overcrowding.

Among Europe’s largest economies, the contrast is particularly pronounced. More than half of Spain’s population lives in statistically under-occupied housing, compared with 40.4% in France, 33.3% in Germany and 18.2% in Italy, highlighting the diverse structure of housing markets even within Western Europe.

Housing experts caution that under-occupation should not be interpreted as a simple solution to Europe’s housing shortage. Research indicates that many households occupying larger homes have limited opportunities to relocate because suitable, affordable alternatives—particularly smaller homes designed for older residents—are often unavailable. Moving costs, accessibility requirements and personal circumstances also influence household decisions.

Organisations working in the affordable housing sector argue that policies aimed solely at encouraging households to downsize are unlikely to resolve broader affordability challenges. Instead, they point to the need for greater investment in affordable and social housing, increased residential construction and the redevelopment of vacant buildings that can be returned to productive use.

The latest Eurostat data underline the wider imbalance within Europe’s housing market. While millions of residents occupy homes that exceed their statistical housing needs, many others continue to face overcrowding or struggle to access affordable accommodation. According to Eurostat, households across the European Union spent an average of 18.9% of their disposable income on housing in 2025, with significantly higher shares recorded in several member states.

As demographic change continues to reshape household composition, policymakers are increasingly focusing not only on expanding housing supply but also on ensuring that new developments better reflect evolving demand. Industry experts argue that delivering more affordable apartments, accessible housing for older residents and a broader mix of dwelling sizes will be essential if Europe’s housing market is to respond more effectively to changing population needs.

Europe’s housing market enters a new growth cycle as regional divides widen

Residential property markets across Europe continued to strengthen during the first quarter of 2026, with house prices and rental costs rising in most countries despite easing inflation. While improving financing conditions have helped revive buyer demand, persistent housing shortages and limited new construction continue to support price growth, according to the latest data from Eurostat and market analysts.

Across the European Union, residential property prices increased 5.1% year-on-year in the first quarter, while average rents rose 3.0%, both exceeding the EU’s annual inflation rate of 2.3%. However, the pace of growth varied considerably between countries, reflecting differing economic conditions, housing supply and financing environments.

Southern and Central European markets recorded the strongest gains. Portugal led the EU with annual house price growth of 17.8%, followed by Bulgaria (14.8%), Slovakia (14.4%) and Croatia (14.3%). Spain also continued its strong recovery, with residential prices increasing 12.8%, making it one of Europe’s fastest-growing housing markets.

Several other Central and Eastern European countries also posted double-digit growth. Residential prices increased 11.9% in Lithuania, 11.2% in Hungary, 10.9% in Latvia and 10.1% in Czechia, highlighting the continued resilience of the region’s housing markets. More moderate increases were recorded in Romania (7.8%), Ireland (6.8%), Poland (6.0%) and the Netherlands (5.2%).

By contrast, Europe’s largest mature housing markets continued to recover more slowly. Residential prices increased by only 1.4% in Germany and 0.1% in France, while Finland remained the only country to record an annual decline, with prices falling 2.0%.

The differences partly reflect varying stages of the market cycle following the rapid interest-rate increases of recent years. Markets such as Spain, Portugal and several Central European countries have benefited from stronger domestic demand, improving mortgage conditions and constrained housing supply, whereas Germany and France continue to experience a more gradual recovery after a prolonged slowdown.

Rental markets also continued to tighten across Europe, although growth was generally less pronounced than for house prices. The most notable exception was Croatia, where average rents increased 39.1% compared with the first quarter of 2025, by far the strongest rise recorded in Europe. Analysts attribute the sharp increase to a combination of limited long-term rental supply, strong tourism activity, population movements towards coastal cities and rising operating costs.

Outside Croatia, rental growth remained comparatively moderate. Bulgaria recorded the second-highest increase at 10.5%, followed by Iceland and Romania, where rents rose 8.4%, while Greece posted growth of 8.1%. Rental markets also remained relatively strong in Latvia (6.7%), Czechia (6.2%), Slovakia (5.7%) and Portugal (5.1%).

Among Europe’s four largest economies, Italy recorded rental growth of 3.8%, exceeding the EU average, while increases were more subdued in Spain (2.5%), Germany (2.2%) and France (1.9%).

Although inflation has moderated significantly over the past year, housing affordability remains under pressure. According to Eurostat, households across the European Union devoted an average of 18.9% of their disposable income to housing costs in 2025, with considerably higher shares recorded in several countries where accommodation costs account for more than 30% of household income.

Housing supply continues to be one of the principal challenges across Europe. Developers and policymakers face ongoing shortages of construction labour, elevated building costs and lengthy planning procedures, all of which continue to limit the delivery of new homes. These structural constraints have supported both property values and rental levels despite softer inflation and a gradual easing of financing costs.

Compared with the final quarter of 2025, EU house prices increased a further 1.2% during the first three months of 2026, while rents rose 0.7%, suggesting that momentum has continued into the current year. For investors and developers, the latest figures indicate that Europe’s residential market is entering a new phase in which regional fundamentals, rather than broader macroeconomic conditions alone, are increasingly shaping performance.

Source: CIJ.World Research & Analysis Team

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