Thursday, 29 November 2018

Real Estate

Blog: No bubble on Slovak or Czech residential real estate market

The Slovak Spectator |
19 September 2018
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The current state of the Slovak and Czech residential real estate market - what are the risks?

Bureaucracy to blame for rise in Prague house prices

Radio Prague |
19 September 2018
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Czech economic research institute CETA published a study focused on the residential housing market in Prague on Friday, which claims that bureaucratic hurdles, coupled with high demand, are primarily responsible for the current low availability of housing in the capital. It also claims that Airbnb flats, which have been the centre of focus for many councillors, are not to blame.

Government considering faster building permissions

Prague Daily Monitor |
12 Sep 2018

Hospodářské noviny reports that the government is making a serious attempt to change the regulatory requirements for new construction and make things faster from the current 40 to 60 required permissions and multi-year process.

Libeň Bridge could become apartments

Prague TV |
11 September 2018
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A new plan for Libeňský most calls for placing modern-design apartments and grassy fields on top of transportation tunnels. The proposal was put forward by Petr Stuchlík, a businessman who is running for Prague mayor in the upcoming municipal election on the ANO movement ticket.

Former Palmovka bus station to be redeveloped

By Hrishabh Sandilya | Prague Daily Monitor |
31 Aug 2018

Hospodářské noviny reports that the disused bus station in Palmovka, looks all set to see redevelopment to the tune of CZK 1.2 billion, after the board of the Prague transit company DPP Praha, approved, the signing of a future contract with Landia Management, the developer of the project.

Cottage prices rising fast, study finds

Radio Prague |
30 August 2018
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The upswing in apartment and house prices in the Czech Republic has spread to the market for cottages and chalets. Indeed, such recreational homes have gone up by an average of 20 percent in the last year, according to a company that monitors property prices.

Prague studios may be reclassified as flats

Prague TV |
28 August 2018
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New construction regulations will allow changing some nonresidential studios in Prague into residential flats. This means that the studios can now be used as official permanent residences. The new Prague Building Regulations (PSP) should take effect in the fall.

State launches new loan scheme for young homeowners

Radio Prague |
16 August 2018
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A new government scheme providing relatively cheap loans to young people to buy or renovate homes has just been launched. However, with prices continuing to soar many may still find it difficult to find suitable properties. From Wednesday Czech couples aged 35 or younger can apply for state loans of up to CZK 2 million to either purchase or renovate new housing.

Finance Ministry proposed new Airbnb fees

Prague TV |
15 August 2018
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The Ministry of Finance wants to increase municipal revenues with a new residence fee that will replace existing spa and recreation fees. It could take effect in 2020. The fee, which would apply to short-term rentals including Airbnb and student housing, would be Kč 21 and in some cases Kč 50 per day.

Holesovice Project gets zoning decision

Prague TV |
14 August 2018
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A former industrial area at Nádrazí Holesovice is one step closer to being developed. The companies Geone Real Estate and Skanska Property have obtained a zoning decision for the site of the former concrete panel factory Prefa. The two real estate firms by 2022 want to build a project worth Kč 1.5 billion. A building permit has been applied for. The site in question covers approximately 5 hectares bounded by the two bridges Trojský most and most Barikádníků, the Vltava river and Nádrazí Holesovice railway station.
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