Monday, 11 December 2017

Real Estate

Construction starts on Prague 7 mall

Prague TV |
11 December 2017

The construction of the Letná shopping center started Dec. 7 with the laying of the foundation stone. The start of Letná obchodní centrum was delayed for several years since the Prague 7 Town Hall objected to the original design of the project.

Retail rents expected to rise

Prague TV |
28 November 2017

Rents for shops in Wenceslas Square can reach those of Na Příkopě in the next few years if recent trends to continue.

GeddesKaňka to head up Design Team for reconstruction of Grand Hotel Europe

Prague Connect |
28 November 2017

GeddesKaňka, the Czech and British-owned architectural practice based in Prague - Smíchov has been appointed as the general designer on the reconstruction of the famous and historic Grand Hotel Europa on Wenceslas Square.

CPI acquires 450,000 sq m of land for residential construction

CIA News |
23 Nov 2017

In November 2017, CPI PROPERTY GROUP (CPI) completed the acquisition of two real estate projects for the future residential development.

New building projects must be energy efficient

Prague TV |
14 November 2017

Starting in January, construction authorities will only allow developers of large projects to build energy-efficient buildings where the energy consumption is near zero. Some construction companies say the new rules will bring about an increase in prices for new real estate.

The effects of Airbnb on the real estate market

Prague Connect |
9 November 2017

Airbnb is moving properties from the long-term rental market — which is aimed at residents looking for permanent homes — to the short-term rental market focused on tourists and temporary visitors. This phenomenon reduces the amount of long-term rental units available while increasing prices for residents searching for this type of accommodation.

Sekyra gets first permit for Smíchov City

Prague TV |
6 November 2017

The largest development project in Prague was granted the first permit necessary for construction. Sekyra Group could start building in Prague's Smíchov district at the end of next year.

Trigema will offer up to 2,500 apartments in next five years

CIA News |
3 Nov 2017

Trigema currently offers nearly 100 apartments. It prepares new projects offering up to 2,500 apartments in next five years. It prepares also 15,000 m2 of commercial area and 33,000 premises for logistics.

Domeq - new residential housing for expats in Brno

Prague Connect |
3 November 2017

CTP and Foreigners.cz inaugurated Domeq, residential housing specially designed for modern expats in Brno. The building has 159 units, with the capacity to accommodate up to 300 people.

UBM and Crestyl to build 160 apartments in Prague

CIA News |
31 Oct 2017

Developers UBM Bohemia Development and Crestyl will jointly prepare a new housing project in Prague 5-Smíchov.

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