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Sources behind our reporting
GeorgiaHomeRadar

Project-level intelligence for Georgia’s fast-moving development market

European UnionEurostat

Comparable European housing indicators

GeorgiaNational Statistics Office of Georgia

Georgia prices, construction and population

GeorgiaNational Bank of Georgia

Mortgage, credit and financial stability

PolandStatistics Poland

Official Polish housing statistics

PolandNational Bank of Poland

City prices, rents and mortgage context

BulgariaNational Statistical Institute Bulgaria

Transaction-based house-price indices

CyprusCentral Bank of Cyprus

Residential price indices by district

RomaniaNational Institute of Statistics Romania

Romanian official housing statistics

GreeceHellenic Statistical Authority

Official Greek construction and housing statistics

Latest news

City Mall Batumi will bring 65,000 m² of leasable retail and 300+ brands to Ambassadori Island

New project detail sharpens the scale of City Mall Batumi: the 2029 mall is now presented with 170,000 m² of gross construction area and 65,000 m² of Net Leasable Area (NLA), plus more than 300 international and local brands.

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MARKET PULSE

The latest verified signal from each market

VERIFIED SIGNAL

August 2026

Georgia’s building costs rise 3.4% in August despite a monthly decline

3.4%

Georgia’s construction cost index rose 3.4% year on year in August 2026 but fell 0.8% from July, according to Geostat. Residential construction costs moved differently from infrastructure and non-residential projects.

Observation
7 Oct 2026
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🇵🇱Poland · AnalysisNew-build asking prices in Poland stand 23.3% above resale in SeptemberSeptember 2026 listing data show a PLN 14,052 median asking price per square metre for new Polish apartments versus PLN 11,392 for resale homes. The national gap masks a different pattern in Warsaw.→🇬🇷Greece · AnalysisGreek municipalities urged to use vacant homes as city housing strain reaches 29%A new BluPeak Estate Analytics study proposes municipal inventories, renovation of empty homes and social leases to address Greece’s housing shortage. Eurostat’s 2024 data show 29% of Greek city residents faced housing-cost overburden.→🇬🇪Georgia · NewsGeorgia’s building costs rise 3.4% in August despite a monthly declineGeorgia’s construction cost index rose 3.4% year on year in August 2026 but fell 0.8% from July, according to Geostat. Residential construction costs moved differently from infrastructure and non-residential projects.→🇷🇴Romania · AnalysisRomania real estate holds €22.1bn of foreign capital, but 2025 inflows slowedReal-estate transactions became Romania's second-largest sectoral destination for foreign capital at the end of 2025, with €22.1 billion of FDI stock. The accumulated position grew, even as annual net inflows fell.→🇨🇾Cyprus · NewsCyprus property contracts rise 14% as nine-month total nears 15,000Cyprus recorded 14,969 property sale contracts in the first nine months of 2026, up 14% from a year earlier. September added 1,681 contracts, with growth concentrated in Limassol, Paphos and Larnaca.→🇷🇴Romania · AnalysisRomania’s H1 housing data shows a wide city price gapA new transaction-based review puts Cluj-Napoca at €3,017 per usable square metre in H1 2026 and shows how differently a €100,000 budget stretches across Romanian cities.→🇨🇾Cyprus · NewsFamagusta processed 646 building applications in nine months, already above 2025The Famagusta district licensing authority says it completed 646 building-permit applications by the end of September 2026, 40.1% more than during all of 2025. The figures point to faster administrative throughput, not to 646 completed buildings.→🇬🇪Georgia · Social RadarAmbassadori Island says reclamation reached 500 metres as tower works move above groundA developer social update reports another 200 metres of expansion, above-ground tower progress and preparations for X-block coastal protection production.→🇷🇴Romania · Investor WatchRomania’s new planning and construction code: what investors need to re-checkLaw 169/2026 is now in force, replacing core planning and permitting laws and changing the due-diligence framework for development projects.→🇬🇷Greece · Investor WatchGreece Golden Visa property: what investors cannot do with the assetOfficial guidance confirms limits on short-term rental and, for some qualifying properties, business-office use. Long-term rental remains a different case.→🇨🇾Cyprus · NewsCyprus building permits jump 29.5% as planned homes rise 67.8%Cyprus authorised 4,401 building permits in the first half of 2026, 29.5% more than a year earlier. The permits cover 11,100 planned dwellings, up 67.8%, signalling a much larger housing pipeline.→🇬🇷Greece · Investor WatchGreece formally delays mandatory bank rent payments to 1 July 2027AADE Decision A.1187/2026 moves the start of Greece’s mandatory rent-payment-through-bank-account rule to 1 July 2027. Existing payment methods can continue until the new effective date.→🇬🇷Greece · AnalysisGreece housing supply rises while buyers take longer to close dealsMore homes are being offered for sale in Athens and Thessaloniki, but transactions have weakened and listings are staying on the market longer. The split suggests a wider gap between seller expectations and buyer purchasing power.→🇬🇪Georgia · NewsSea Breeze opens its first Georgia sales office in BatumiAzerbaijan-based resort developer Sea Breeze has opened its first sales office in Georgia, choosing Batumi as the location. The office creates a direct local sales channel for the company’s Caspian Sea property portfolio.→🇬🇪Georgia · Investor WatchGeorgia’s GEL 100,000 property-tax exemption is now in force for the 2026 filing cycleGeorgia’s Revenue Service says the new GEL 100,000 household-income threshold took effect on 1 October 2026. Qualifying individuals no longer need to file or pay property tax on taxable property other than land.→🇨🇾Cyprus · AnalysisCyprus has two official Q2 house-price readings: 7.9% and 8.5% measure different samplesCYSTAT’s new House Price Index shows residential prices up 7.9% year on year in Q2 2026, while the Central Bank of Cyprus reported 8.5%. The figures are not a contradiction because the two indices use different data sources and index designs.→🇵🇱Poland · NewsPoland house prices rose 6.3% year on year in Q2 2026Statistics Poland reported that residential prices increased 1.5% from the previous quarter and 6.3% from a year earlier in Q2 2026. Primary-market prices rose 6.5% year on year, while secondary-market prices increased 6.1%.→🌍Europe · AnalysisCross-Market: Bulgaria and Romania pull away in Q2 2026 house-price growthEurostat’s harmonised Q2 2026 House Price Index shows a widening gap across four Estate Briefing EU markets: Bulgaria rose 15.5% year on year, Romania 12.1%, Cyprus 7.9% and Poland 6.3%, versus 4.7% for the EU.→🇬🇪Georgia · NewsGeorgia real-estate FDI rises to $168.5 million in H1 2026Foreign direct investment into Georgia’s real-estate activities reached about $168.5 million in the first half of 2026, up $37.1 million from $131.4 million a year earlier. Israel, Russia and the United States were the largest disclosed source countries in the sector.→🇷🇴Romania · NewsRomania residential building permits fall 12.2% in January-August 2026Romania issued 21,791 residential-building permits in the first eight months of 2026, 12.2% fewer than a year earlier. Bucharest-Ilfov was the only development region to avoid a decline, according to national statistics data reported on 30 September.→🇨🇾Cyprus · Investor WatchCyprus opens €20m home energy grant round on October 20, with up to €32,000 per propertyCyprus will open applications on 20 October 2026 for a €20 million home energy-upgrade scheme. Eligible individual owners can receive up to €32,000, with applications processed in submission order until 30 December or until the budget is exhausted.→🇬🇪Georgia · Social RadarBatumi’s off-season rental reset is showing up in public listings — with many coastal units around $280–350 a monthA late-September scan of three independent public Telegram rental feeds shows a clear seasonal shift in Batumi: furnished studios and small apartments near the coast are being advertised around $280–350 per month under winter, six-month or “until May/June” terms. This is a snapshot of asking listings, not a market-average rent or evidence of completed leases.→🇬🇪Georgia · NewsCorall Seaside Resort begins pre-sales as a $250m Batumi coastal project moves into the construction phasePre-sales have begun for Corall Seaside Resort, a large mixed-use resort development on the Batumi coast. The developers put the construction cost at about $250 million, while BM.GE’s latest local real-estate roundup reports that construction has started. The project combines residential units with a five-star hotel, yacht-club, beach, wellness and commercial infrastructure.→🇬🇪Georgia · NewsTower Group launches 49-storey Panorama Del Mare beside Batumi’s artificial-island districtTower Group has launched Panorama Del Mare, a 49-storey mixed-use project on Batumi’s seafront and opened pre-sales of investment apartments. The development becomes another large tower in the fast-expanding coastal cluster around the artificial-island district.→🇬🇷Greece · NewsGreece building permits jump 21.5% in June as the 12-month pipeline expandsGreek building activity accelerated sharply in June 2026: ELSTAT recorded 3,118 permits, up 21.5% year on year, while permitted surface rose 22.5% and volume 20.5%. Over the latest 12 months, permitted construction volume was 19.6% higher than a year earlier.→🇷🇴Romania · Investor WatchRomania’s 9% housing-VAT window has expired; 21% applies while an extension remains only proposedRomania’s transitional 9% VAT window for qualifying housing deliveries ended on 30 September 2026. From 1 October, taxable new-home sales generally fall back to the 21% standard rate, while the government programme’s proposed extension to 31 July 2027 has not yet been enacted.→🇵🇱Poland · Investor WatchPOLSTR reaches new Polish mortgages as the WIBOR transition moves into retail bankingErste Bank Polska began presenting POLSTR 1M Compound Rate in new mortgage applications from 26 September, replacing WIBOR 3M for variable-rate pricing and moving Poland’s benchmark reform directly into household borrowing.→🇬🇷Greece · Investor WatchGreece narrows its planned 15% property transfer tax: long-term residents exempt, July 2027 becomes the key dateNew official policy detail and subsequent Greek reporting narrow the scope of the planned fivefold transfer-tax increase for third-country residential buyers, with long-term residents and several other categories outside the higher rate and 1 July 2027 emerging as the intended start date.→🇬🇪Georgia · Investor WatchGeorgia’s Parliament adopts GEL 100,000 property-tax exemption threshold for the 2026 tax cycleGeorgia’s Parliament adopted the Tax Code amendment at third reading on 30 September with 91 votes, establishing a GEL 100,000 family-income threshold for full exemption from the covered property tax in the 2026 declaration cycle. Promulgation is the remaining checkpoint before the amendment enters into force.→🇬🇪Georgia · NewsCity Mall Batumi will bring 65,000 m² of leasable retail and 300+ brands to Ambassadori IslandNew project detail sharpens the scale of City Mall Batumi: the 2029 mall is now presented with 170,000 m² of gross construction area and 65,000 m² of Net Leasable Area (NLA), plus more than 300 international and local brands.→
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Investor Watch

Events that could change an investment decision.

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🇬🇷

Greece Golden Visa property: what investors cannot do with the asset

The restriction can directly invalidate an Airbnb-style revenue model for property used to obtain or renew an investor residence permit. Long-term leasing is treated differently, while some €250,000 conversion or restoration cases also face business-use limits; buyers should verify the exact investment category before acquisition.

Social Radar

Public conversations shaping market sentiment.

Read more →
🇷🇴

Bucharest renters are seeing one market, buyers another

A fresh Reddit discussion highlighted an unusual September split in Bucharest: asking rent per square metre rose 5.4% over 15 days while asking sale prices per square metre fell about 3.4%. The underlying listing dataset confirms the divergence, but not a market crash or a permanent trend.

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