Expensive Prague 11 starter flats disappoint

Expensive Prague 11 starter flats disappoint

Published at: 2018-07-09 09:37 | Author: CIJEurope.com
Over-priced flats in the city of Prague has become a hot political issue that some local politicians are using to call for the construction of publicly owned rental flats. The daily newspaper Denik warns that while such projects are tempting, it's easy for them to go wrong. It uses a project by Prague 11, which had the developer Sekyra Group build Zahrady Opatov, a 194-unit project near the Opatov metro station. The municipality intended to lease the flats out to young families in order to keep them from moving to locations with cheaper accommodations. Although the project received its use permits two years ago, the flats have only been put on the market this year and the rent for a "partially furnished" 2-bedroom unit, including parking, is around CZK 20,000. "Partially furnished", according to Denik, is how the agency renting the flats for Prague 11 describes flats where the kitchens are not completed and not all flooring has been installed. Opposition leaders in Prague 11 claim the municipality bought a project that was designed during the pre-crisis era that doesn't meet the needs of consumers in 2018.

Similar Stories:

Berlin’s battle over resi rents heats up with referendum call
With a rise in rent provokes anger in Berlin, some residents are hoping to put the squeeze  »
Rising residential prices driving up Prague rents
Demand for rental apartments is growing rapidly, driving up the price of rents, according  »
Kovanda: Flats in Prague could double in price by 2030
Prague is missing 20,000 flats, writes the economist Lukáš Kovanda, and with 160,000 new  »
Apartment sales start at Jagodno project in Wrocław
Robyg has laid the foundation stone at the Jagodno scheme, going up between Buforowa and K  »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »
Czech Republic  ♦  Round Hill plots European growth
The buildings are located in Helsinki and in regional towns near the south of the country.   »
The 340 apartments, built in a total of nine buildings, have long since sold out as Slovak   »
Emotions are running high on the Romanian residential market where demand is outstripping   »