Czech apart­ments more ex­pen­sive

China Daily (USA) - - BUSINESS -

The prices of apart­ments in the Czech Repub­lic con­tin­ued to grow in 2016, lo­cal media re­ported, cit­ing in­for­ma­tion from statis­ti­cians, de­vel­op­ers and real es­tate agen­cies. In many places, de­mand ex­ceeded sup­ply, re­ports said. Tra­di­tion­ally, the most ex­pen­sive apart­ments are lo­cated in the cap­i­tal Prague, fol­lowed by Brno and Hradec Kralove. In Prague, prices for new apart­ments rose in the third quar­ter by 4 per­cent to 72,609 crowns ($2,845) per square me­ter, while the price of older apart­ments in­creased on av­er­age by 7.1 per­cent to 70,466 crowns per square me­ter. In­creases in the prices of apart­ments are dif­fer­ent be­tween city cen­ters and sub­urbs. New apart­ments in the cap­i­tal’s cen­ter are three times more ex­pen­sive than in Prague’s sub­urbs.

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