Friday, 16 November 2018
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.

Prague | Real Estate | Radio Prague

The average price for new flats in Prague increased in the first quarter of 2018 by 22.8 percent year-on-year to 88.552 crowns per square meter, according to the data by developer companies Trigema, Skanska reality and Central Group released at a press conference on Wednesday.

Prague | Real Estate | Prague TV

Prague City Hall is preparing to build new city-owned flats for the first time in more than 11 years. There will be five projects to expand accommodations for people who are unable to afford housing within their own means.

Business | Real Estate | Reuters

A reported plan by Chinese conglomerate CEFC China Energy to sell its global real estate portfolio does not include assets in the Czech Republic, a spokesman for the Czech-based unit CEFC Europe said.

Prague | Real Estate | Prague TV

Land needed for the rebuilding of the area around Masarykovo nádraží has been turned over to a subsidiary of investment group Penta, according to information in the Land Registry. The site is bordered by the railway tracks, the highway and Hybernská Street. The land, which now serves as a parking lot mainly for postal vehicles, was bought by Penta group from Czech Railways. The lot was previously merged into one piece, including a purchase of land from the Czech Post Office.

Business | Real Estate | Prague Connect

Ian Bryan Architects (IBA), one of the Czech Republic's leading international architectural practices marks its 20th anniversary this year. The firm is headed up by the architects Ian Bryan and Eduard Trembulak.

Business | Real Estate | Prague Connect

A rally in investment flows in the fourth quarter of over €1 billion meant the Czech Republic saw total investment volume of €3.73 billion in 2017. This made it the second strongest year in the market's history, according to the latest research from global property advisers Colliers International.

Business | Real Estate | Prague TV

The largest number of housing starts in 2017 in the Czech Republic was in the Central Bohemia region. This goes along with a trend of suburbanization that has been going on since the 1990s, according to the Czech Statistical Office (ČSÚ). Prague was in second place for housing starts.