Czech apartments more expensive
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.