Wednesday, 16 January 2019

Czech property prices rises slow - but not in Prague

Radio Prague |
23 November 2018

The rise in apartment prices in the Czech Republic, which has been extremely rapid in recent years, has come to a halt or at least decelerated, due to Czechs reaching the limits of their purchasing power as well as new mortgage regulations, iDnes.cz reported. However, things are rather different in Prague, the news site said. The average cost of a new flat in Prague has now passed the CZK 100,000 a square metre mark and prices are expected to continue getting higher in the city.