News

Prague residential market - overview

Real Estate and Consulting Company Professionals s.r.o. informs about the state of the Prague residential market in 2017.
In line with long-term declining trend in number of issued building permits in Prague, the 2017 year saw again a fall to only 4 848 when compared to the previous year representing a drop   of 6 % y-o-y.
With regard to the building permits issued for construction of new residential buildings, the Czech Statistical Office registered a y-o-y increase of more than   13 % standing at 487. (Source: CZSO)
A slight increase y-o-y was recorded in number of newly started apartment constructions. According to the information published by the CZSO, the index of asking prices    of apartments located in Prague, in the Czech Republic and in the Czech Republic without Prague were further increasing throughout the year 2017.(Source: CZSO)