Friday, 24 February 2017
Real Estate | Prague TV

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.

Business | Real Estate | Prague TV

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.

Business | Real Estate | Prague TV

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.

Prague | Real Estate | Prague TV

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).

Business | Real Estate | Prague TV

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

Business | Real Estate | Prague TV

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.

Business | Real Estate | Prague TV

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.

Business | Real Estate | Radio Prague

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.

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