Wednesday, 17 October 2018

Real Estate

Brno to put a brake on ever-increasing property prices

Brno Daily |
24 July 2018

The city of Brno will invest in the construction of new residential developments to address the ongoing rise in house prices.

Mortgages picked up in June

Prague TV |
20 July 2018

Mortgage numbers rose in June after a slump in May and reached the highest volume so far this year. The average interest rate decreased by two-hundredths of a percentage point, reaching 2.49 percent, according to the Fincentrum Hypoindex.

Flower House gets building permit

Prague TV |
17 July 2018

The large hole on Prague's Wenceslas Square can finally be used for the construction of a new building. A valid building permit has been issued to developer Flow East for the corner of Wenceslas Square and Opletalova Street. Main construction on planned mixed-use Flower House should be finished by the fall of next year, and it should be fully ready by the start of 2020.

Prague flats getting out of reach of most people

Prague TV |
16 July 2018

Buying a flat is getting out of reach of many people in Prague. High prices plus new rules by the Czech National Bank (ČNB) mean many people will have a hard time getting a mortgage. A person with an average monthly wage in Prague would have to put aside their gross monthly income for almost 15 years to buy a flat at the average prices, according to weekly Ekonom.

Renovation of Hotel Avion: 37 rooms and terrace with a view of Špilberk

Brno Daily |
11 July 2018

The Avion Hotel in Brno, one of the key works of Czechoslovak functionalism and the most accomplished work of famed architect Bohuslav Fuchs, is being gradually restored to its original state from the interwar period. The owner hopes to open the hotel by end 2018.

Czech property prices fastest growing in Europe in 2017

Radio Prague |
13 June 2018

Property prices in the Czech Republic grew by an average of 16 percent through most of 2017, the highest rate in the whole of the European Union. The figure stems from a Financial Stability Report issued by the Czech National Bank on Tuesday.

Brno apartments: a comparison of districts

Brno Daily |
11 June 2018

Each day, Brno is becoming more international with an influx of people to meet the need for a qualified workforce. But the availability of accommodation cannot keep up with the growing need for housing. Prices of flats are on the rise, and this trend is not expected to stop.

Rohan City construction should start next year

Prague TV |
30 May 2018

A large unused area on Rohanský ostrov in Prague between Invalidovna and the Vltava river will begin to be transformed into housing for 3,500 people. The private development called Rohan City will cost some CZK 10 billion. The project by developer Sekyra Group will be on one of the city's largest brownfields and cover some 200,000 square meters.

City trying to change building law

Prague TV |
25 April 2018

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.

New flat prices in Prague rise by 23 percent year-on-year

Radio Prague |
19 April 2018

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.

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