Monday, 20 November 2017

Real Estate

Průmyslový palác reconstruction takes a step forward

Prague TV |
22 February 2017

One wing of the Industrial Palace (Průmyslový palác) at Výstaviště in Prague's Holešovice district was destroyed in a fire in 2008 and has yet to be rebuilt. The city, which owns the complex, is now looking at two options. One is to create a replica of the landmark historical structure. The other is to build something completely new.

Břevnov may get a futuristic highrise

Prague TV |
8 February 2017

Proposals for a housing development in Prague's Břevnov district include a futuristic skyscraper that has some local residents complaining that it would ruin the look of the neighborhood around the Kajetánka estate.

Svoboda & Williams discusses real estate trends

Prague TV |
7 February 2017

The real estate market has undergone a substantial recovery, but there are changes and trends people should be aware of, including a move toward greener buildings and new rules governing mortgages.

Office vacancy drops in Prague

Prague TV |
31 January 2017

The office vacancy rate in Prague reached 10.6 percent at the end of the fourth quarter of 2016, down 1.1 percentage points compared to the previous quarter, according to figures from Prague Research Forum (PRF).

Old Town Square building sold for record price

Prague TV |
25 January 2017

Development firm Coast Capital Partners (CCP) has purchased a historical building on Prague's Old Town Square for CZK 500 m.

Penta plans development at the Nusle brewery

Prague TV |
20 January 2017

Business conglomerate Penta Investments bought the site of a former brewery in Prague's Nusle neighborhood, and they plan to build a CZK 2 billion project with some 450 flats. A historical property on the site will be preserved and likely have shops and offices as well as some flats.

Red tape is tying up development of new flats

Prague TV |
12 January 2017

Taking the average wages into account, people pay significantly more for flats in Prague than in neighboring Germany and Poland. Developers say the situation is due to bureaucracy, which hinders development.

iHned: Volume of mortgages up over 20% in 2016 for new record

Radio Prague |
11 January 2017

Czechs borrowed a record amount in mortgage loans last year, iHned.cz reported on Tuesday. The news website said market leader Hypoteční banka had estimated the total volume of such borrowings for 2016 at CZK 225 billion – an increase of 22% on the previous year.

Prague to get more office space

Prague TV |
5 January 2017

Very few office complexes were completed in Prague in 2016, and the number should be five times larger this year. The largest of the new projects is Main Point Pankrác in Prague 4, from domestic developer PSJ Invest.

Prague's squares to be renovated

Prague TV |
2 January 2017

The city's largest square, Karlovo náměstí, may finally be upgraded

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