Tuesday, 13 November 2018
Finance | Real Estate | Prague TV

Mortgage numbers rose in June after a slump in May and reached the highest volume so far this year. The average interest rate decreased by two-hundredths of a percentage point, reaching 2.49 percent, according to the Fincentrum Hypoindex.

Prague | Real Estate | Prague TV

The large hole on Prague's Wenceslas Square can finally be used for the construction of a new building. A valid building permit has been issued to developer Flow East for the corner of Wenceslas Square and Opletalova Street. Main construction on planned mixed-use Flower House should be finished by the fall of next year, and it should be fully ready by the start of 2020.

Prague | Real Estate | Prague TV

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.

National | Real Estate | Brno Daily

The Avion Hotel in Brno, one of the key works of Czechoslovak functionalism and the most accomplished work of famed architect Bohuslav Fuchs, is being gradually restored to its original state from the interwar period. The owner hopes to open the hotel by end 2018.

Business | Real Estate | Radio Prague

Property prices in the Czech Republic grew by an average of 16 percent through most of 2017, the highest rate in the whole of the European Union. The figure stems from a Financial Stability Report issued by the Czech National Bank on Tuesday.

National | Real Estate | Brno Daily

Each day, Brno is becoming more international with an influx of people to meet the need for a qualified workforce. But the availability of accommodation cannot keep up with the growing need for housing. Prices of flats are on the rise, and this trend is not expected to stop.

Prague | Real Estate | Prague TV

A large unused area on Rohanský ostrov in Prague between Invalidovna and the Vltava river will begin to be transformed into housing for 3,500 people. The private development called Rohan City will cost some CZK 10 billion. The project by developer Sekyra Group will be on one of the city's largest brownfields and cover some 200,000 square meters.

Prague | Real Estate | Prague TV

A working group to create a new building law has been set up at Prague City Hall, according to Prague Mayor Adriana Krnáčová, who was speaking at a real estate related conference. Experts agree with city officials that the current system of land-use planning and construction permitting needs to be overhauled. Krnáčová says the lengthy building permit process is one of the main reasons why available apartments are currently lacking in Prague. The short supply leads to sharp increases in housing prices.