Thursday, 18 June 2020

Real Estate

Penta gets land for Zaha Hadid project

Prague TV |
20 March 2018

Land needed for the rebuilding of the area around Masarykovo nádraží has been turned over to a subsidiary of investment group Penta, according to information in the Land Registry. The site is bordered by the railway tracks, the highway and Hybernská Street. The land, which now serves as a parking lot mainly for postal vehicles, was bought by Penta group from Czech Railways. The lot was previously merged into one piece, including a purchase of land from the Czech Post Office.

IBA celebrates its 20th anniversary in Prague

Prague Connect |
22 February 2018

Ian Bryan Architects (IBA), one of the Czech Republic's leading international architectural practices marks its 20th anniversary this year. The firm is headed up by the architects Ian Bryan and Eduard Trembulak.

Colliers Q4 data shows Czech real estate injoyed solid year in 2017

Prague Connect |
21 February 2018

A rally in investment flows in the fourth quarter of over €1 billion meant the Czech Republic saw total investment volume of €3.73 billion in 2017. This made it the second strongest year in the market's history, according to the latest research from global property advisers Colliers International.

Central Bohemia leading in new housing starts

Prague TV |
16 February 2018

The largest number of housing starts in 2017 in the Czech Republic was in the Central Bohemia region. This goes along with a trend of suburbanization that has been going on since the 1990s, according to the Czech Statistical Office (ČSÚ). Prague was in second place for housing starts.

Industrial real estate offer seen rising by around 10% in 2018

Radio Prague |
12 February 2018

The offer of industrial real estate is expected to increase by around 10 percent compared to 2017 while demand is expected to rise by 8.3 percent. The figures stem from a study by CEEC Research which sounded out around 40 companies. Most of the interest in new industrial property comes from foreign based firms.

Over 1,000 flats planned for ex-industrial site in Prague's Vysočany

Radio Prague |
6 February 2018

Over a thousand new apartments are to be built on a former industrial site in the Prague district of Vysočany, E15 reported on Monday. Factory halls of the collapsed firm ČKD DIZ are to be demolished to make way for the construction project, which is the biggest yet from billionaire developer Milan Šrejber and his Pankrác development company, the newspaper said.

Mortgages set record last year

Prague TV |
1 February 2018

People borrowed a record CZK 285 billion in mortgages last year. Banks negotiated fewer mortgages than in 2016, but loan values were higher. This is due to households doing well and becoming willing to get more indebted.

New flat prices in Prague rise by almost 20% in 2017

Radio Prague |
1 February 2018

The average price rise for new flat in the Czech capital Prague rose last year by around 19.1 percent to reach around 85,223 crowns per square metre, according to a group of the leading developers and builders of new flats in the city.

Big changes coming to National Museum area

Prague TV |
29 January 2018

The City Council has approved steps to renovate the area around the National Museum. Changes will take place this and next year between the historic and new buildings of the museum, which are across the street from each other.

Prague flats up 68 percent in five years

Prague TV |
26 January 2018

Flats in Prague have been a good investment. They have appreciated more than the Czech and European stock exchanges or gold since 2012. A CZK 1 million investment in housing in Prague earned CZK 680,000 in five years, according to data from real estate developer Central Group. This is an increase of 68 percent, and there has not been much volatility.

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