Thursday, 27 June 2019

Real Estate

Prague plans more cooperative housing to help the middle class buy their own flats

Expats.cz |
27 June 2019

Prague's City Hall is trying to address the growing local housing crisis for the middle class. The city is participating in a developing affordable cooperative housing and recently approved the basic parameters. Construction with city participation has both political and professional support, according to the City Council.

Prague needs to accommodate over 1.5 million residents

Radio Prague |
27 June 2019

The city of Prague currently needs to provide flats for roughly 1.55 million residents, according to an analysis carried out by the company CE-Traffic. That is around 250,000 more than the population as estimated by the Czech Statistics Office. "Most predictions expected that Prague would have around 1.4 million residents by 2013, but that figure has already been exceeded by 150,000," Ondřej Špaček of CE-Traffic told the Czech News Agency.

The Sharing Economy: Airbnb changes the travel market forever

Prague Daily Monitor |
19 Jun 2019

How is it that Airbnb is worth more than most if not all hotel chains, despite only being in existence less than 20 years? Some people call it the Uber of the travel industry. Whatever you think, it is clear that the world is changing and things will never be the same.

PwC report: Prague increasingly attractive for real estate investors

Radio Prague |
14 June 2019

Prague is catching up with West European real estate markets, the daily e15 reports, citing a new survey released by PriceWaterhouseCooper and the Urban Land Institute, carried out among developers and investors.

Study provides Prague City Hall with vision for new neighbourhood

Radio Prague |
12 June 2019

Up to 25,000 people could be living in Prague 7's Bubny neighbourhood, at least according to a study commissioned by Prague City Hall, whose results were announced at a press conference of Tuesday.

New flats in Prague increasingly out of reach

Radio Prague |
7 June 2019

Prague inhabitants with an average salary would have to work for nearly fifteen years for a flat of approximately seventy square metres, if they didn't have any other expenses, suggests a study by the developer company Central group. Just a year ago, Praguers needed to work less than 14 years to acquire a flat, while in 2014 it was less than ten years.

Prague to have The Flow Building

Prague Daily Monitor |
5 Jun 2019

Next year, a new glass building will be erected on the corner of Wenceslas Square and Opletalova Street. Developer Flow East announced the site will be called The Flow Building.

Skyrocketing housing prices in Brno to stabilize in the coming years

Brno Daily |
4 June 2019

After several years of ever-rising rents in Brno, the cost of housing in Brno might be finally cooling down. However, numerous factors on both the demand and supply sides may still affect the situation.

Getberg developer gives tours of smart home project in Vysoký Újezd

Prague Daily Monitor |
24 May 2019

The development company GETBERG, which builds homes in Prague and its vicinity has announced that the first home from their Black Roofs project will be open on Saturday, 25th May to those interested in a tour.

Major new residential and office district to go up in Prague's Hagibor district

Radio Prague |
16 May 2019

A new residential and office quarter is set to go up in the Prague 10 district that will contain up to 650 apartments and become the home of one of the country's top orchestras, iHned.cz reported.

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