Thursday, 29 November 2018

Real Estate

Tax authority cracking down on Airbnb

Prague TV |
1 August 2018

The Czech Financial Administration (Finanční správa) has obtained data on people who rent their real estate through Airbnb, an online service that effectively turns flats into short-term hotels. The administration has also launched an audit to see which of the legal entities including individuals has declared the Airbnb income properly.

Czechs increasingly renting cottages and chalets, prices spike

Radio Prague |
30 July 2018

Estate agents have noted increased interest in renting cottages and ski chalets, and not just in the high season but year-round, according to a survey by state news agency ČTK.

Price of flats in Prague continues to rise

Radio Prague |
26 July 2018

The price of flats in Prague continues to rise. According to data made public by a group of real estate agencies the average price of flats in Prague rose by 24 percent year-on-year, reaching 94,000 crowns per square meter at the end of the second quarter. As compared to the first quarter in 2018 this is a rise of 6.2 percent.

Prague real estate

Prague TV |
25 July 2018

Looking to rent or purchase a new apartment in Prague? Prague TV's listings of real estate agencies is the place to look for the best realtors in the Czech capital to assist you in managing, renting, buying or selling property.

Transgas building facing demolition

Prague TV |
25 July 2018

Days are numbered for the Transgas building on Vinohradská Street in Prague 2, just behind the National Museum. The new owner has applied for a demolition permit, and the complex of three connected buildings and a fountain could come down as early as the middle of August.

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.

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