Pricing on older flats stabilizing in Czech Republic

Pricing on older flats stabilizing in Czech Republic

Published at: 2019-05-20 09:56 | Author: CIJEurope.com
The price of older flats in Prague rose 5.7 percent to CZK 87,459 per square meter between March 2018 and March 2019. That's rouhgly CZK 18,700 less than the price of flats coming to the market for the first time, writes Echo.cz. Citing a new study by the Trigema development company, it reports that the most expensive units are to be found in Prague 1, where they cost CZK 152,464. "It's not just the market for new flats that's stabilizing in Prague, but the market for older flats," said Trigema's chairman Marcel Soural. The report puts the supply of older flats on the market at 6,605, which is 11 percent lower than it was a year ago, while the number of new flats that hit the market was 5,400.

Similar Stories:

Impact presells 50% of its Luxuria project in the North-West of Bucharest
Developer & Contractor Impact is currently developing two projects in Bucharest: Green  »
Svoboda & Williams Partner of the Real Estate Forum Brno 2019 Conference
The first year of the professional conference entitled Real Estate Forum Brno 2019 took pl  »
Hagag Development sells 50% of H Victoriei 139 apartments
The Israeli developer Hagag Development mainly targets the luxury residential market, with  »
Prime Kapital: A new project in Iasi
Prime Kapital has a positive long-term view for Romania.The real estate investor currently  »
Where do you see your company going over the next two years? Since I became GM of the co   »
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   »