Thursday, 24 May 2018

Real Estate

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.

New flat prices in Prague rise by almost 20% in 2017

Radio Prague |
1 February 2018

The average price rise for new flat in the Czech capital Prague rose last year by around 19.1 percent to reach around 85,223 crowns per square metre, according to a group of the leading developers and builders of new flats in the city.

Big changes coming to National Museum area

Prague TV |
29 January 2018

The City Council has approved steps to renovate the area around the National Museum. Changes will take place this and next year between the historic and new buildings of the museum, which are across the street from each other.

Prague flats up 68 percent in five years

Prague TV |
26 January 2018

Flats in Prague have been a good investment. They have appreciated more than the Czech and European stock exchanges or gold since 2012. A CZK 1 million investment in housing in Prague earned CZK 680,000 in five years, according to data from real estate developer Central Group. This is an increase of 68 percent, and there has not been much volatility.

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.

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