Pardubicky: Prague flat prices will double again

Pardubicky: Prague flat prices will double again

Published at: 2020-02-10 11:12 | Author: CIJEurope.com
The price of apartments in Prague is set to double in the next ten years, according to the director of one of the largest residential developers in the city. "I don't believe in price ceilings," said Tomáš Pardubický, who leads the developer Finep, who told the daily Idnes.cz he thought that community living arrangements would turn out to be a popular, inexpensive residential format. He blames the state for much of the rise in prices that consumers have had to endure up until recently. But Pardubicky says that corporate demand for rental apartments will drive up prices in the coming years. Asked why he thought the next decade would see a doubling of prices, he said it was simply statistics. "The reason is people moving to the bigger cities in search of work, which in the Czech Republic means primarily to Prague."

Similar Stories:

Bulgarian housing prices rose 5.4% in 2019
Prices on Bulgaria's residential market rose 5.4 percent last year placing 23rd in Kn  »
Svoboda & Williams Presents Flexi Rentals: A New Concept of Rental Housing
The Coronavirus pandemic has affected all segments of the real estate market, including re  »
Rental flats flood Prague market as Airbnb collapses
The number of flats being offered up for rent on the Bezrealitky.cz server has risen 44 pe  »
Project Immobilien begins Park Lane apartment complex in Nuremberg
Project Immobilien has begun construction of Park Lane, a new residential project on Bayre  »
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   »