Tuesday, 21 August 2018

Real Estate

State launches new loan scheme for young homeowners

Radio Prague |
16 August 2018

A new government scheme providing relatively cheap loans to young people to buy or renovate homes has just been launched. However, with prices continuing to soar many may still find it difficult to find suitable properties. From Wednesday Czech couples aged 35 or younger can apply for state loans of up to CZK 2 million to either purchase or renovate new housing.

Finance Ministry proposed new Airbnb fees

Prague TV |
15 August 2018

The Ministry of Finance wants to increase municipal revenues with a new residence fee that will replace existing spa and recreation fees. It could take effect in 2020. The fee, which would apply to short-term rentals including Airbnb and student housing, would be Kč 21 and in some cases Kč 50 per day.

Holesovice Project gets zoning decision

Prague TV |
14 August 2018

A former industrial area at Nádrazí Holesovice is one step closer to being developed. The companies Geone Real Estate and Skanska Property have obtained a zoning decision for the site of the former concrete panel factory Prefa. The two real estate firms by 2022 want to build a project worth Kč 1.5 billion. A building permit has been applied for. The site in question covers approximately 5 hectares bounded by the two bridges Trojský most and most Barikádníků, the Vltava river and Nádrazí Holesovice railway station.

Tax authority cracking down on Airbnb

Prague TV |
1 August 2018

The Czech Financial Administration (Finanční správa) has obtained data on people who rent their real estate through Airbnb, an online service that effectively turns flats into short-term hotels. The administration has also launched an audit to see which of the legal entities including individuals has declared the Airbnb income properly.

Czechs increasingly renting cottages and chalets, prices spike

Radio Prague |
30 July 2018

Estate agents have noted increased interest in renting cottages and ski chalets, and not just in the high season but year-round, according to a survey by state news agency ČTK.

Price of flats in Prague continues to rise

Radio Prague |
26 July 2018

The price of flats in Prague continues to rise. According to data made public by a group of real estate agencies the average price of flats in Prague rose by 24 percent year-on-year, reaching 94,000 crowns per square meter at the end of the second quarter. As compared to the first quarter in 2018 this is a rise of 6.2 percent.

Prague real estate

Prague TV |
25 July 2018

Looking to rent or purchase a new apartment in Prague? Prague TV's listings of real estate agencies is the place to look for the best realtors in the Czech capital to assist you in managing, renting, buying or selling property.

Transgas building facing demolition

Prague TV |
25 July 2018

Days are numbered for the Transgas building on Vinohradská Street in Prague 2, just behind the National Museum. The new owner has applied for a demolition permit, and the complex of three connected buildings and a fountain could come down as early as the middle of August.

Brno to put a brake on ever-increasing property prices

Brno Daily |
24 July 2018

The city of Brno will invest in the construction of new residential developments to address the ongoing rise in house prices.

Mortgages picked up in June

Prague TV |
20 July 2018

Mortgage numbers rose in June after a slump in May and reached the highest volume so far this year. The average interest rate decreased by two-hundredths of a percentage point, reaching 2.49 percent, according to the Fincentrum Hypoindex.

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