News
Building permit changes this year

In October 2022, there were 646 building permits issued with a total value of €203.7 million and a total area of 186.6 thousand square meters.

In the first ten months of 2022, there were 6,347 permits issued, a decrease of -4.9% compared to the same period in 2021. Also, the total value of permits remained steady, while the total area fell by -5.9% and the number of dwelling units declined by -4.6%. The construction of new homes in increased by 4.6%, but declined everywhere. The decline in building permits is attributed to the fact that the construction sector is facing challenges due to rising construction material prices, the impact of the war in Ukraine, and high inflation.

The 646 permits were authorized for following uses: residential (414 or 64%), non-residential (136), civil engineering (42), division of land plots (39), and road construction (15).

Oct 21, 2026
Property market forecast for 2023 and onwards

In early 2022, Europe’s economies began to bounce back from a two-year turmoil of corona virus lockdowns. Worldwide stock markets along with crypto currencies and properties, reached new heights and inflation rose significantly. A year later, supply chain disruptions due to coronavirus have lessened, however inflationary pressure continues to increase at a pick rate of 10%, as huge amounts of cash were injected into the economy during the pandemic. All these were made worse due to the war in Ukraine and the shifting of energy supplies at substantially higher prices. Increasing interest rates in an attempt to battle inflation is expected to result in a repricing of all asset markets, including real estate. This trend is expected to get a foothold within 2023 as alternative investments become more attractive than property due to higher risk-free rates.

The direction of the real estate market will be determined by the interaction of factors affecting property prices positively, such as population growth, rental increase and inelastic supply, versus the factors which affect property prices negatively, such as higher interest rates, higher construction costs and less disposable income.

Oct 21, 2026
The importance of powerful visuals in real estate

In the world of real estate, powerful visuals play a significant role in captivating potential buyers and showcasing properties effectively. With the rise of social media platforms, real estate professionals have a powerful tool at their disposal to leverage visuals and reach a wider audience. In this blog post, we will explore the importance of visuals in real estate marketing. In addition, we will discuss effective strategies for leveraging social media platforms, and provide insights from authority real estate sites to support our findings.

The Impact of Visuals in Real Estate Marketing

When it comes to real estate marketing, visuals hold immense power. The psychology behind visual appeal in property listings is well-established. Powerful visuals and high quality videos have the ability to grab attention, create desire, and drive engagement. Buyers often form their initial impressions based on visuals, making them a crucial aspect of any successful marketing campaign. Furthermore, by showcasing visually appealing properties, real estate professionals can leave a lasting impact. In turn, this will attract potential buyers who are drawn to stunning visuals.

Powerful visuals are essential in catching a buyer’s attention in the competitive real estate market. Studies have consistently shown that listings with professional-quality photos receive higher engagement and generate more leads. These insights emphasize the need to prioritize visuals and leverage social media platforms to stand out in a crowded marketplace.

Choosing the Right Social Media Platforms

Selecting the appropriate social media platforms is essential for effective real estate marketing. Different platforms offer distinct features and cater to specific demographics. By understanding the preferences of your target audience, you can strategically choose platforms that align with your goals. For example, Instagram and Pinterest are visual-centric platforms that work well for showcasing property images. LinkedIn and Facebook can provide opportunities for community engagement and networking. Choose powerful visuals and content and tailor them to the specific platform. This ensures maximum impact and engagement.

Oct 21, 2026
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