Sunday, 18 August 2019

Real Estate

Real estate taxes to increase in most of Prague after long being stagnant

Expats.cz |
13 August 2019

Most Prague districts agreed to an increase the real estate tax coefficient. Some 53 out of a total of 57 districts were in favor of changing the method of determining the amount of tax, according to Deputy Mayor Pavel Vyhnánek (Praha sobě). The four districts not planning an increase were not identified.

Interview with co-founder of New York property site Igluu Martin Mucha

Radio Prague |
12 August 2019

Despite being in his early 30s, Martin Mucha is already a successful Czech businessman in New York. Many locals may know Igluu, the real estate website he co-founded which claims to be the largest source of verified home listings in the Big Apple.

Prague property prices down for first time since 2011

Radio Prague |
24 July 2019

The price of flats in Prague has gotten cheaper by 0.3 percent according to data for the past three months, the first drop since 2011, according to the Czech Statistics Agency. However, experts say they do not expect any sharp decrease or increase. Meanwhile, prices for flats outside Prague continue to grow, by 2 percent in the past three months, Czech Radio's news site iRozhlas reports.

Prague flats most expensive in Central Europe, in terms of average earnings

Radio Prague |
18 July 2019

The average apartment in the centre of Prague is not only far more expensive than a comparable flat other central European capitals, such as Bratislava or Warsaw, it is approaching that of Berlin. This is according to the website Numbeo, which bills itself as the world's largest database of worldwide housing (real estate) prices.

Czech Republic has second fastest growing property prices in EU

Brno Daily |
15 July 2019

According to the newest Eurostat data regarding the first quarter of 2019, Czech Republic has the second fastest growing property prices after Hungary. Last year, property prices in Czechia were ranked seventh in terms of fastest growth, at 7.5%.

New figures show Prague now needs housing for 1.55 million

Expats.cz |
15 July 2019

The city has been underestimating the number of people in Prague, and this has a big impact on future urban planning. While the Czech Statistical Office puts the figure at 1.3 million, the real figure of people in the city on a daily basis is almost half a million people higher.

Apartment rental prices are so high, Czechs are now moving to Germany

Expats.cz |
9 July 2019

Rental costs have gotten so high, Czechs are now moving to Germany. It sounds like the punchline to a bad joke, but it's now a reality in the Czech Republic in areas near the German border, reports Česká televize.

Prague plans more cooperative housing to help the middle class buy their own flats

Expats.cz |
27 June 2019

Prague's City Hall is trying to address the growing local housing crisis for the middle class. The city is participating in a developing affordable cooperative housing and recently approved the basic parameters. Construction with city participation has both political and professional support, according to the City Council.

Prague needs to accommodate over 1.5 million residents

Radio Prague |
27 June 2019

The city of Prague currently needs to provide flats for roughly 1.55 million residents, according to an analysis carried out by the company CE-Traffic. That is around 250,000 more than the population as estimated by the Czech Statistics Office. "Most predictions expected that Prague would have around 1.4 million residents by 2013, but that figure has already been exceeded by 150,000," Ondřej Špaček of CE-Traffic told the Czech News Agency.

The Sharing Economy: Airbnb changes the travel market forever

Prague Daily Monitor |
19 Jun 2019

How is it that Airbnb is worth more than most if not all hotel chains, despite only being in existence less than 20 years? Some people call it the Uber of the travel industry. Whatever you think, it is clear that the world is changing and things will never be the same.

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