Tuesday, 13 November 2018

Prague flats getting out of reach of most people

Prague TV |
16 July 2018

Buying a flat is getting out of reach of many people in Prague. High prices plus new rules by the Czech National Bank (ČNB) mean many people will have a hard time getting a mortgage. A person with an average monthly wage in Prague would have to put aside their gross monthly income for almost 15 years to buy a flat at the average prices, according to weekly Ekonom.