Real Estate

North Macedonia: The Growth of Real Estate Prices and the Demand for Buying and Selling Real Estate

In recent years, the real estate market in the Republic of North Macedonia, particularly in its capital city of Skopje, has witnessed significant activity. Statistics indicate a consistent trend of construction and sale of numerous residential apartments. Notably, despite the steady increase in real estate prices since 2021, there has been a notable surge in demand for residential apartment purchases. Concurrently, investor interest in constructing residential and office buildings remains robust, showing no significant signs of decline.

Bulgaria: Real Estate Trends and Projects Status

Although 2024 is just beginning, below we have summarized the trends and projects expected to have an impact on the development of the real estate market in Bulgaria:

Czech Republic: Desired Acceleration of Permitting Processes in Jeopardy

The annoying length of the construction permitting process in the Czech Republic became a notoriety. Thanks to this, the prices of new dwelling premises are sky-high, and foreign investors are leaving their projects because they are unable to plan their investment – a striking example of which is the recently abandoned Microsoft project of a new data center in Prague.

Croatia: Decentralization of State Property Management in Croatia Benefiting Developers of Greenfield Real Estate Projects?

Due to various historical reasons, a large percentage of undeveloped construction land in Croatia is still owned by the state. As a result, developers of (primarily greenfield) real estate projects have often had to go through a laborious and lengthy process to acquire construction land from the Republic of Croatia. Recent legislative changes could mark a decisive shift toward decentralization and a more efficient management system, potentially streamlining processes that were previously mired in bureaucratic complexities.

Serbia: (Un)Just Changes in Land Conversion and Registration in the Cadastre

During 2023, there have been significant changes in the legal regulations in the field of planning and construction as well as in terms the Real Estate Cadastre in Serbia. In August, amendments to the Law on Planning and Construction entered into force, while in November, amendments to the Law on the Registration Procedure with the Cadastre of Real Estate and Utilities (which is now called the Law on the Registration Procedure with the Real Estate Cadastre and Infrastructure Cadastre) entered into force.

Greece: Unveiling the Roadmap in Greek Tourism Investment – Trends and Challenges

Tourism in Greece is flourishing, and with international tourism expected to reach – and exceed – pre-pandemic levels, it is no wonder that investors from all over the world are flocking to Greece.

Turkiye: The “Airbnb Law” – New Regulation on Short-Term Leases in Turkey

Ever since Booking.com’s activities had been suspended in Turkey by a court decision upon “unfair competition” claims raised by the Association of Turkish Travel Agencies (TURSAB), new regulations were anticipated in the short-term lease sector dominated by Airbnb, as unregistered and untaxed rental income obtained from short-term rentals has been a matter of discussion for a long time.