Friday, 19 January 2018

Real Estate

Foreigners bought 8 percent of new flats

Prague TV |
5 January 2018

In the third quarter of 2017, foreigners bought 8 percent of new apartments in development projects in Prague. Most often the foreign buyers were Russians. Just under a third of the development project flats were sold in Prague 10, followed by Prague 5 and Prague 9.

Public can get involved in city planning in 2018

Prague TV |
3 January 2018

A lot is planned for the development of the city in 2018. One of the main events will be the public discussion of the Metropolitan Plan. Architects and city officials have been working on the plan since 2012, and the public will be able to get involved in the spring.

CBRE: Volume of real estate investments will reach EUR 3.3bn

CIA News |
22 Dec 2017

The volume of real estate investments in 2017 will show the second highest figure in history and will be close to the threshold of EUR 3.3bn.

Czech central bank acts to cool buoyant property market

Financial Times |
20 December 2017

Tomáš Daněk did not plan to buy a flat for another couple of years. But as the 31-year-old network engineer watched Prague's property prices surging higher and higher, he felt he had to take the plunge.

Prague among cheapest places for offices

Prague TV |
14 December 2017

Prague offers relatively cheap office workspaces. Office spaces in Prague are about 90 percent cheaper than those in Hong Kong, which is the world's most expensive city. Prague came in 162nd place in Cushman & Wakefield's ranking for 215 cities in 58 countries.

Shortcut opening to Národní třída

Prague TV |
12 December 2017

A new passage has opened in downtown Prague. The passage, as well as the house in which it is located, has been renovated by a private investor. Rosetta Palace is located in Jungmannova 30/21.

Construction starts on Prague 7 mall

Prague TV |
11 December 2017

The construction of the Letná shopping center started Dec. 7 with the laying of the foundation stone. The start of Letná obchodní centrum was delayed for several years since the Prague 7 Town Hall objected to the original design of the project.

Retail rents expected to rise

Prague TV |
28 November 2017

Rents for shops in Wenceslas Square can reach those of Na Příkopě in the next few years if recent trends to continue.

GeddesKaňka to head up Design Team for reconstruction of Grand Hotel Europe

Prague Connect |
28 November 2017

GeddesKaňka, the Czech and British-owned architectural practice based in Prague - Smíchov has been appointed as the general designer on the reconstruction of the famous and historic Grand Hotel Europa on Wenceslas Square.

CPI acquires 450,000 sq m of land for residential construction

CIA News |
23 Nov 2017

In November 2017, CPI PROPERTY GROUP (CPI) completed the acquisition of two real estate projects for the future residential development.

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