Friday, 14 June 2019

Real Estate

Czech central bank acts to cool buoyant property market

Financial Times |
20 December 2017

Tomáš Daněk did not plan to buy a flat for another couple of years. But as the 31-year-old network engineer watched Prague's property prices surging higher and higher, he felt he had to take the plunge.

Prague among cheapest places for offices

Prague TV |
14 December 2017

Prague offers relatively cheap office workspaces. Office spaces in Prague are about 90 percent cheaper than those in Hong Kong, which is the world's most expensive city. Prague came in 162nd place in Cushman & Wakefield's ranking for 215 cities in 58 countries.

Shortcut opening to Národní třída

Prague TV |
12 December 2017

A new passage has opened in downtown Prague. The passage, as well as the house in which it is located, has been renovated by a private investor. Rosetta Palace is located in Jungmannova 30/21.

Construction starts on Prague 7 mall

Prague TV |
11 December 2017

The construction of the Letná shopping center started Dec. 7 with the laying of the foundation stone. The start of Letná obchodní centrum was delayed for several years since the Prague 7 Town Hall objected to the original design of the project.

Retail rents expected to rise

Prague TV |
28 November 2017

Rents for shops in Wenceslas Square can reach those of Na Příkopě in the next few years if recent trends to continue.

GeddesKaňka to head up Design Team for reconstruction of Grand Hotel Europe

Prague Connect |
28 November 2017

GeddesKaňka, the Czech and British-owned architectural practice based in Prague - Smíchov has been appointed as the general designer on the reconstruction of the famous and historic Grand Hotel Europa on Wenceslas Square.

CPI acquires 450,000 sq m of land for residential construction

CIA News |
23 Nov 2017

In November 2017, CPI PROPERTY GROUP (CPI) completed the acquisition of two real estate projects for the future residential development.

New building projects must be energy efficient

Prague TV |
14 November 2017

Starting in January, construction authorities will only allow developers of large projects to build energy-efficient buildings where the energy consumption is near zero. Some construction companies say the new rules will bring about an increase in prices for new real estate.

The effects of Airbnb on the real estate market

Prague Connect |
9 November 2017

Airbnb is moving properties from the long-term rental market — which is aimed at residents looking for permanent homes — to the short-term rental market focused on tourists and temporary visitors. This phenomenon reduces the amount of long-term rental units available while increasing prices for residents searching for this type of accommodation.

Sekyra gets first permit for Smíchov City

Prague TV |
6 November 2017

The largest development project in Prague was granted the first permit necessary for construction. Sekyra Group could start building in Prague's Smíchov district at the end of next year.

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