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Vítězné náměstí to be redesigned

Vítězné náměstí will get a new look. The square, actually more like a circle, is a central point in Prague 6 but much of it is not used to its potential. The changes, though, will likely take years before they are implemented as the process is in the earliest stages. more >>

City districts plan renovations in 2018

Prague politicians are hurrying to finish projects ahead of the municipal elections scheduled for the fall. The elections will determine who will lead the city and its districts for the next four years. The finished projects will give current politicians something to boast while failing to ... more >>

Public can get involved in city planning in 2018

A lot is planned for the development of the city in 2018. One of the main events will be the public discussion the Metropolitan Plan. Architects and city officials have been working on the plan since 2012, and the public will be able to get involved in the spring. Other city projects should ... more >>

Ritz-Carlton won’t open near Old Town Square

The Prague Council decided to terminate lease agreements with the firm Akroterion, which wanted to open a Ritz-Carlton Hotel just next to Old Town Square. City Hall said the company did not meet the set conditions because it did not start operations by Sept. 19th. more >>

Prague among the cheapest places for offices

Prague offers relatively cheap office workspaces. Office spaces in Prague are about 90 percent cheaper than those in Hong Kong, which is the world’s most expensive city. While in Prague the annual cost for a single workspace per year is $3,200, in Hong Kong it is $27,432. Prague came in 162nd ... more >>

GeddesKaňka appointed to head up Design Team for reconstruction of Grand Hotel Europe

GeddesKaňka s.r.o., the Czech and British-owned architectural practice based in Smíchov, Prague, is delighted to announce that it has been appointed as the general designer on the reconstruction of the famous and historic Grand Hotel Europa on Wenceslas Square. more >>

Mortgage rates rising

Banks have responded to the Czech National Bank's (ČNB) recent increase in the basic interest rates. Česká spořitelna on Nov. 6, raised mortgage rates, with Komerční banka following on Nov. 8. Hypoteční banka will join in Nov. 13. more >>

Rent Increases: The Effects of Airbnb on the Real Estate Market

People from Western Europe residing in the Czech Republic face a daily cost of living that is extremely competitive compared to the expenses they normally deal with in their home countries. more >>

Sekyra gets first permit for Smíchov City

The largest development project in Prague was granted the first permit necessary for construction. Sekyra Group could start building in Prague's Smíchov district at the end of next year. more >>

Czech Republic among worst countries for busilding permits

The Czech Republic ranked 127th out of 190 countries for the ease of getting a building permit, according to the annual Doing Business 2018 report published by the World Bank (SB). In Europe, only Bosnia and Bosnia-Herzegovina ranked lower. more >>

Domeq, a new residential housing for modern expats in Brno

CTP and Foreigners Brno inaugurated Domeq, residential housing specially designed for modern expats in Brno. The building has 159 units, with the capacity to accommodate up to 300 people. more >>

Mortgage market slowing down

Interest in new mortgages is still strong, but the tightening of rules for new clients may have begun to show an effect. In September banks signed fewer loans than the same time a year ago and more significantly fewer than in August. September has traditionally been stronger than August, ... more >>

City launches portal about shared accommodation

Prague City Hall has launched a section of its website for people using online shared accommodation services such as Airbnb, Booking, Trivago, Roomorama, and VRBO. The site at and has sections for accommodation providers and for renters in ... more >>

Drn building to open soon

The new building called Drn on the corner of the Národní třída and Mikulandská streets is almost completed on the site of a former parking lot. The lowest story will have restaurants and shops and offices are on the upper floors. It will open at the end of November and start of December. The ... more >>

Prague plans to address Airbnb with new portal

Prague will try to address the issues coming from shared accommodation services such as the web platform Airbnb and its rivals. The idea has been mentioned before, but concrete action is starting to take place. more >>

Flatio for Business offers medium-term rentals

Medium term rentals are among the most difficult to find, but businesses often need them for employees. The Czech firm Flatio deals in rentals from one to six months and now has a division called Flatio for Business. This service is designed especially for companies looking for accommodation for... more >>

Prague and Plzeň have highest rents

The most expensive Czech regions to rent a flat in are Prague and Plzeň. The cheapest rents are in Ústí nad Labem or Moravian-Silesia regions, according to an analysis by developer Trigema. more >>

Prague planning to face climate change

The average temperatures in Prague have gradually risen to more 10 degrees Celsius since the 1960s, and the city is looking at ways to mitigate the problem. While 10 degrees does not sound warm, the average takes into account nights and also winter. more >>

Apartment prices up 30 percent in two years

Apartment prices in Prague have been rising. In January and February 2017 the average price for a new apartment rose 2.5 percent to Kč 88,500 per square meter, representing an annual increase of 21.2 percent. In two years, housing prices have risen by more than 30 percent. The most expensive ... more >>

Demolition begins on Wenceslas Square 47

The long battle over the building on the corner of Wenceslas Square and Opletalova Street is over. Demolition began Saturday, April 15, with a scaffolding and tarps being erected, ending a six-year saga. The remaining tenants had been given notice to vacate the premises. The fight over whether ... more >>
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