Tuesday, 4 August 2020

Real Estate

Real estate prices continue to rise throughout the country

Prague Daily Monitor |
4 Aug 2020

The pandemic hit many markets, but the real estate industry was only minimally impacted. The prices for apartments, land, and houses continue to rise, Idnes.cz reports.

The most expensive villa in the Czech Republic is for sale

Prague Daily Monitor |
29 Jul 2020

Luxurious villa measuring about 1105 m² in Prague’s district of Bubeneč is reported to be for sale by a number of Russian outlets. The price is estimated at half a billion CZK, making it the most expensive house in the Czech Republic.

Czech mortgages are twice as expensive as in neighboring countries

Expats.cz |
23 July 2020

While mortgage interest rates have been dropping in the Czech Republic, they are still almost twice as high as in neighboring countries. Record real estate prices in the Czech Republic have already made housing difficult to afford, and relatively high-interest rates make housing more expensive still.

12 scenic commuter villages outside of Prague for those ready to leave the city behind

Expats.cz |
15 July 2020

With Prague property prices on the rise, many Praguers are looking to move to smaller towns outside the city. But choosing a new home base can be challenging, especially if you don't know where to start looking.

Developers: Average new Prague flat costs 14.2 years’ salary

Radio Prague |
17 June 2020

A Prague resident would need to spend 14.2 years' salary for a medium-size apartment (70 square metres), if having no other expenses, according to a new study based on statistics compiled by three leading property developers. The average price of a new flat sold in the Czech capital has risen by 88% since mid-2015, but by just 1.6% in the past year, to CZK 106,392 per square metre.

Airbnb 2.0 and suburban migration: Six expert predictions for the Prague real estate market

Expats.cz |
6 May 2020

According to newly released research by UBS Global Wealth Management (GWM), there's a chance the residential market in Prague will slow down this year, though UBS analysts expect positive price growth to return later on – just at a slower pace than before.

Virtual viewings are on the rise as Prague realtors navigate social distancing

Expats.cz |
30 April 2020

The coronavirus pandemic has closed the door on open houses, but opened a digital window onto virtual home tours

How is coronavirus affecting Prague's real estate market?

Radio Prague |
2 April 2020

The travel ban instituted due to the ongoing coronavirus epidemic has had an effect on the prices of rent within Prague, with some owners of Airbnb properties offering their flats for long-term rent instead. A wider impact on property prices is also possible, some experts say. In order to stimulate the housing market, the finance minister has proposed the cancellation of the real estate transfer tax.

Prague 6's planned Bořislavka Centrum wins international award

Expats.cz |
20 February 2020

The planned Prague 6 shopping and office complex Bořislavka Centrum has won Best International Office Development in the International Property Awards 2019–2020. The complex by Prague-based Aulík Fišer architekti will have four buildings that resemble crystals.

Mind the gap: Price difference for flats near Prague metro stops is closing

Expats.cz |
7 February 2020

Living near the Prague metro makes life convenient, but buying flats located neat the stops can be a bit expensive. The cheapest flats were at Černý Most while the most expensive were at Staroměstská. And while prices are rising, the growth rate has slowed down, according to Valou.cz, a site that tracks real estate prices. But the gap between prices in the center and at the edge has been closing.

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