Monday, 23 April 2018

Real Estate

New flat prices in Prague rise by 23 percent year-on-year

Radio Prague |
19 April 2018

The average price for new flats in Prague increased in the first quarter of 2018 by 22.8 percent year-on-year to 88.552 crowns per square meter, according to the data by developer companies Trigema, Skanska reality and Central Group released at a press conference on Wednesday.

Prague will build new apartments

Prague TV |
11 April 2018

Prague City Hall is preparing to build new city-owned flats for the first time in more than 11 years. There will be five projects to expand accommodations for people who are unable to afford housing within their own means.

CEFC Europe says not planning sale of Czech real estate

Reuters |
28 March 2018

A reported plan by Chinese conglomerate CEFC China Energy to sell its global real estate portfolio does not include assets in the Czech Republic, a spokesman for the Czech-based unit CEFC Europe said.

Penta gets land for Zaha Hadid project

Prague TV |
20 March 2018

Land needed for the rebuilding of the area around Masarykovo nádraží has been turned over to a subsidiary of investment group Penta, according to information in the Land Registry. The site is bordered by the railway tracks, the highway and Hybernská Street. The land, which now serves as a parking lot mainly for postal vehicles, was bought by Penta group from Czech Railways. The lot was previously merged into one piece, including a purchase of land from the Czech Post Office.

IBA celebrates its 20th anniversary in Prague

Prague Connect |
22 February 2018

Ian Bryan Architects (IBA), one of the Czech Republic's leading international architectural practices marks its 20th anniversary this year. The firm is headed up by the architects Ian Bryan and Eduard Trembulak.

Colliers Q4 data shows Czech real estate injoyed solid year in 2017

Prague Connect |
21 February 2018

A rally in investment flows in the fourth quarter of over €1 billion meant the Czech Republic saw total investment volume of €3.73 billion in 2017. This made it the second strongest year in the market's history, according to the latest research from global property advisers Colliers International.

Central Bohemia leading in new housing starts

Prague TV |
16 February 2018

The largest number of housing starts in 2017 in the Czech Republic was in the Central Bohemia region. This goes along with a trend of suburbanization that has been going on since the 1990s, according to the Czech Statistical Office (ČSÚ). Prague was in second place for housing starts.

Industrial real estate offer seen rising by around 10% in 2018

Radio Prague |
12 February 2018

The offer of industrial real estate is expected to increase by around 10 percent compared to 2017 while demand is expected to rise by 8.3 percent. The figures stem from a study by CEEC Research which sounded out around 40 companies. Most of the interest in new industrial property comes from foreign based firms.

Over 1,000 flats planned for ex-industrial site in Prague's Vysočany

Radio Prague |
6 February 2018

Over a thousand new apartments are to be built on a former industrial site in the Prague district of Vysočany, E15 reported on Monday. Factory halls of the collapsed firm ČKD DIZ are to be demolished to make way for the construction project, which is the biggest yet from billionaire developer Milan Šrejber and his Pankrác development company, the newspaper said.

Mortgages set record last year

Prague TV |
1 February 2018

People borrowed a record CZK 285 billion in mortgages last year. Banks negotiated fewer mortgages than in 2016, but loan values were higher. This is due to households doing well and becoming willing to get more indebted.

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