News

Prague residential market 2018 - overview

Real Estate and Consulting Company Professionals Ltd. informs about the state of the Prague residential market in 2018.

In line with the decreasing trend the Czech Statistical Office recorded in the past years, the 2018 year saw again a y-o-y drop in total number of issued building permits (almost 22 % y-o-y).

In comparison with 2017, the total amount of newly completed Prague′s apartments in 2018 decreased by 556

In 2018 H2, the apartment asking price index further rose in all monitored locations - the Czech Republic, Prague and the Czech Republic without Prague.

Throughout 2018 the average mortgage interest rate in the Czech Republic was increasing reaching 2.91 % in the last month of the year.

Report| Residential Market 2018