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Red tape is tying up development of new flats

Taking the average wages into account, people pay significantly more for flats in Prague than in neighboring Germany and Poland. Developers say the situation is due to bureaucracy, which hinders development. It can take up to eight years to get all of the permits to start construction, which is... more >>

Prague to get more office space

Very few office complexes were completed in Prague in 2016, and the number should be five times larger this year. The largest of the new projects is Main Point Pankrác in Prague 4, from domestic developer PSJ Invest. Main Point Pankrác should be finished in the third quarter of 2017 and has ... more >>

Flats in short supply in Prague and Brno

The number of flats available on the real estate market is low due to demand, with some categories of flats in particularly short supply in Prague and Brno. The strong demand for property has been caused by record low mortgage rates. Experts in real estate say the supply of flats is down 20 to ... more >>

Mortgage rates hit all-time low

A new record was set in the Prague mortgage market in November. The average interest rates hit a historic low of 1.77 percent, according to statistics from Fincentrum Hypoindex. The number of new mortgages was14,386 and amounted to Kč 29.683 billion. The previous high number was in June, with ... more >>

Colliers International and Knight Frank to exclusively let Avenir Business Park

Colliers International and Knight Frank have been appointed as Exclusive Letting Agents for Avenir Business Park in Prague 5 – Nové Butovice, a state-of-the-art office complex owned by Hudson, the first stage of which was completed in 2004. more >>

Expat Mortgages Prague - Don’t miss out on historical low Czech mortgage rates!

In cooperation with SIM Property Management, Prague.TV offers you a new service – looking for a mortgage? Great deals are available now, don’t miss out on historical low Czech mortgage rates , no matter your nationality or employment status. more >>

Colliers highlights importance of new D8 road opening for logistics real estate

Colliers International today issued a report that highlights the advantages of the impending opening of the last section of the D8 highway – the final piece of the puzzle of only the second complete highway in the country that will connect Prague with Germany and in turn make the Ústí nad Labem ... more >>

Water prices likely to increase

The price of water and sewerage in Prague may go up by 2.97 percent next year. Residents would pay Kč 87.71 per cubic meter, up from the current Kč 85.18. Water would increase to Kč 48.74 per cubic meter, up about Kč 2 and sewerage would cost Kč 38.97 per cubic meter, up about 50 hellers (half ... more >>

Kaplický building may come to Štvanice

Prague may have a new concert hall on Štvanice island in the Vltava river based on a design by Czech-born architect Jan Kaplický, who died in 2009. Construction of the Stingray (Rejnok) would cost between Kč 1.5 billion to Kč 2 billion and would take until 2022, according to City Councilor Jan ... more >>

Prague plans for climate change

Prague has published a draft strategy on adapting to climate change. The study, made in cooperation with the Institute for Planning and Development (IPR), looks at water management, greening of streets and creation of environmentally friendly buildings. more >>

City plans new low-cost housing

Prague has a shortage of housing for teachers, police officers, young people and the homeless. Constructing new low-cost housing could cost up to Kč 4 billion crowns. The addition of new flats could cause a drop in the price of apartments in Prague. more >>

Na Příkopě remains Prague's most expensive street

Prague's Na Příkopě street ranked as the 23rd most expensive shopping street in the world, up two spots from the previous year. The most expensive street in the world was the upper part of Fifth Avenue in New York City, followed by Hong Kong's Causeway Bay. Rental prices on those two streets ... more >>

Tallest residential building rising in Pankrác

The country's tallest residential building is rising in Prague's Pankrác plateau. The V Tower will reach 30 stories, and its V-shaped framework should be finished by the end of the year. The 104-meter-wall structure should be completed by February 2018. more >>

Vítkov Hill to be revitalized

Prague has plans to revitalize Vítkov Hill with new paths, an observation deck, a promenade and an amphitheater. A rail station and an elevator are also possibilities, bit less certain. Prague is currently studying the possibilities, and the plans are being presented to Prague 3 and Prague 8 ... more >>

Prague may introduce toll in city center

Prague is looking at ways to reduce traffic in the city center. Options that could reduce traffic include tolls or fees for driving in the center, and a ban on older vehicles. There is also decreasing interest among young people in owning a car. The toll, which could be introduced sometime ... more >>

Colliers International Czech Office Launches Workplace Solutions Consultancy

Colliers International today launched its Workplace Solutions consultancy in the Czech Republic after having been met with success on other global markets for over 10 years. more >>

No new houses can be built near Vodochody Airport

New houses can no longer be built in the vicinity of Vodochody Airport, a privately owned facility in the Prague East district. The Czech Civil Aviation Authority has established a noise protection zone around the existing runways and infrastructure. more >>

Vítězné náměstí to be redesigned

An international design competition is being called for changes to Vítězné náměstí in Prague 6. The competition will be overseen by a working group of politicians and architects. The square in not unified in its current form and is burdened with high traffic. more >>

Refixace offers mortgage services for expats

Getting a mortgage can be tricky, especially for expats. The company Refixace has independent mortgage brokers that cooperate with Czech banks. They are independent specialists who compare and arrange mortgages with 15 different banks to find the optimal solution for clients. more >>

Prologis Park Prague-Rudná Filling Up Fast

Prologis, Inc., the global leader in logistics real estate, today announced that it has signed three lease agreements totalling 6,901 square metres and will deliver a new 4,290 square metre distribution facility, of which 3,680 square metres will be fully customised for existing customer Sacorp ... more >>
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