Tuesday, 18 June 2019

Property prices in big cities have reached their ceiling

Prague Daily Monitor |
31 October 2018

Novinky.cz reports that the price of properties, particularly new apartment buildings in large metropolises across the country seem to be slowly stagnating. This has come at the end of a six-year period of intense growth.

Along with the price stagnation, properties are no longer selling with the same intensity, as mortgage-lending rules tighten and interest rates rise. In Prague, the third quarter of 2018, saw the least amount of new apartments sold since 2012.