Wednesday, 11 September 2019

Real Estate

Prices of new apartments in Prague keep rising

Prague Daily Monitor |
11 Apr 2019 reports that the prices of newly-built flats in the city, continue to rise. It is currently impossible to get a smaller sized 2+kk newly-built flat, with an area between 48 and 55 sq.m., for less than CZK 4 million.

HN: More foreigners buying Prague flats as homes rather than investments

Radio Prague |
28 March 2019

The percentage of Czech apartments bought as investments has grown in recent years. But simultaneous with that has been a rise in the number of foreigners acquiring flats as homes, particularly in Prague, Hospodářské noviny reported.

Proposals for Rohan City's 2nd phase unveiled

Prague TV |
15 March 2019

Sekyra Group presented proposals for the second stage of construction of the Rohan City project in Prague 8. Obtaining permits to start construction is estimated at three years. The project has the support of the current city administration.

David Černý statues support Prague 8 complex

Prague TV |
8 March 2019

The planned building Nová Invalidovna, which is to be built within three years in Prague 8, will bring together the personal visions of artist David Černý and the architects David Wittassek and Jiří Řezák. The project planning and architectural work is by architecture studio Qarta. The investor and developer of the project is Trigema.

Prices of older flats rising rapidly

Prague TV |
12 February 2019

New flats in the Czech Republic have risen out of reach for many people, and that has put pressure on the prices of already existing flats, according to data from real estate server

City approves plan for more flats

Prague TV |
31 January 2019

The Prague City Council asked the Prague Institute of Planning and Development (IPR) to prepare two documents in the next half year for new housing construction. The most important is a current list of city-owned land suitable for new housing construction.

Prague flat prices continue to rise

Prague TV |
28 January 2019

Prices for new Prague flats are continuing to rise, and the situation is not expected to change soon. The average price of a new flat in Prague last year rose 18.6 percent to more than CZK 101,061 per square meter, according to combined data from developers Trigema, Skanska Reality and Central Group. Mortgage restrictions have made flats almost inaccessible for many people. Interest in living in Prague continues to rise, and many new buyers will have to compromise on location and size to find something affordable.

150 new dwellings to be built in Starý Lískovec

Brno Daily |
14 January 2019

Brno's official Housing Strategy lists Západní brána in Starý Lískovec among nine development sites suitable for the construction of the new residential dwellings. The area between Labská and U Penzionu, currently used as a parking lot, will become the site of the construction of new apartment buildings with 150 units.

Central Group acquires Zličín brownfield

Prague TV |
14 January 2019

Czech developer Central Group has acquired a brownfield site in Prague's Zličín district and plans to use it to build a new neighborhood with up to 6,000 apartments and tram service. The land was the former site of a Siemens factory. Central Group purchased the land from the firm PSN. It is the largest acquisition in Central Group's history. The price of the deal was not disclosed.

Tips on finding an apartment in Prague

Prague TV |
11 January 2019

Pavel Knor is one of the relocation consultants at the Foreigners Relocation Agency. His job is to arrange the best deals for expats coming to live in Prague and find the perfect apartment according to their needs. He offers some useful advice on how to find the perfect flat in the Czech capital.

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