Biggeorge Property won the CEE Residential Developer of the Year title at the EuropaProperty CRE Awards gala on 15 October. This momentum serves as a great opportunity to present the developer’s eleven ongoing residential projects, currently offering a total of 1,400 premium homes.
Commenting on the new residential projects recently launched and already under construction, Zsolt Bozsovics, Deputy CEO of Biggeorge Property, said, “Besides the four new projects launched at the beginning of 2024, we started construction of four additional residential developments in the third quarter, thus eight new projects mark our residential development activity this year. We plan to hand over Phase IV of Waterfront City at the end of this year; complete the lakeside apartments of Silverbay Residence in Siófok and Szemesbay Resort in Balatonszemes in 2025; and finish Árnyas 40 Villa Suites, Újbuda Garden, Béke Garden and the first phase of the Westside Grand project in 2026. The four recently launched projects (Westside Grand II, Waterfront City V, Cosmo Residence, Újbuda Residence) will be ready for their new owners in 2027.”
With regards to the customer response to the projects, Sales Director Petra Demetrovits emphasized, “The popularity of our premium residential offer – in a total of nine locations, in eleven residential projects in Budapest’s 3rd, 11th, 12th and 13th districts, as well as two Lake Balaton sites – is best demonstrated by the average pre-sales rate of nearly 50 percent achieved in the first six months following the launch of the four new developments presented in March 2024. Both investment buyers and owner-occupiers choose Biggeorge Property for the excellent location and quality technical content of its residential developments, as well as the flexible financing arrangements and unique architectural solutions.
Each of our recently launched residential projects is unique in its way: while Cosmo Residence offers an exclusive location on the last buildable plot in Újlipótváros, next to the National Green City of Europe Award-winning Thurzó Park, Westside Grand II creates architectural value with its unique design near downtown Budapest. Waterfront City, where Phase V apartments are already under construction, is a popular multi-phase, neighbourhood-scale real estate development on the Danube riverbank in Óbuda designed in line with the 15-minute city concept, and realized in several phases. Újbuda Residence is built in the 11th district, the fastest-growing district of Budapest in terms of real estate development, where buyers will be able to enjoy a significant value increase through their real estate investments.
The 12th district Árnyas 40 Villa Suites have a beautiful setting bordered by the woods and forests of Árnyas út and Zugliget near a nature reserve, where premium homes with fitted kitchens and a great panorama will be developed in six villa buildings.”
Tibor Nagygyörgy MRICS, founder and CEO praised the award and the annual results of the residential division up until now, “I am particularly pleased to have received the EuropaProperty CRE Awards, which recognizes the residential property development activities of our group, and confirms that we create true value in the Hungarian residential property market, both in terms of the volume and the excellent quality of our projects. The award is also a quantifiable recognition that Biggeorge Property is the leading residential property developer in the country based on the sales figures of the first three quarters, as well as the number of projects and apartments offered.”
