High Prague prices driving projects outside Prague

High Prague prices driving projects outside Prague

Published at: 2018-12-04 08:29 | Author: CIJEurope.com
With prices continuing to rise on new residential properties in Prague, consumers are increasingly willing to buy flats and houses outside the capital city. The developer Crestyl has used this trend in a pair of its projects, Beroun and in Vysoky Ujezd. In the latter scheme, which is located not far from Zličín, Crestyl has sold out all of its flats currently under construction and won't be ready until the spring of 2019. In Berounská brána, meanwhile, the first phase of construction isn't due for completion for a year but over half of the units have already been sold.

"Living outside Prague is become more popular because of the prices of flats," said Viktor Peška, Crestyl sales director. "People are even looking for flats instead of homes. In both of our projects located within commuting time from the capital, flats are selling faster than row homes or land plots for construction."

Similar Stories:

City Garden completes Apollo D'or Downtown Residence
The developer City Garden has completed Apollo D'or Downtown Residence, a residential  »
Housing prices level off in Sofia
Residential prices in Sofia failed to rise in the first quarter of 2019, slipping slightly  »
Construction of the Na Petřinách 7 Residential Project Has Now Reached the Third Above-Ground Floor
The sale of the units in the Na Petřinách 7 residential project is being exclusively bro  »
Prague politicians arguing over empty flat problem
The first major conflict between the coalition of parties currently running Prague has cen  »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
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.   »