Flat deficit in Prague could hit 100,000 by 2030

Flat deficit in Prague could hit 100,000 by 2030

Published at: 2019-05-14 09:01 | Author: CIJEurope.com
If Prague is unable to start issuing permits for the rapid construction of flats, the housing crisis will worsen drastically, according to the Association for Architecture and Development (SAR). It warns that by 2030, the city could have a deficit of 100,000 flats for 200,000 people. "In Prague, there are 96,000 flats being prepared of which, two-thirds of them are in brown fields," said Central Group's boss Dušan Kunovský. "But because of the long permitting process, the projects can't make it to the market and that's the basic reason for the rise in the price of flats." SAR writes that the city needs to complete 6,000 few flats per year, but this number has fallen to just 3,000 per year since 2010.

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