PragueConnect.cz - Real Estate

PragueConnect.cz Real Estate articles in cooperation with Prague.TV Real Estate, if you are looking for a mortgage to finance your next house or flat purchase in Prague - visit Prague.TV Mortgage, don't miss out on historical low Czech mortgage rates!

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 shared-accommodation.praha.eu and sdileneubytovani.praha.eu 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 >>
 

Flats for short-term rentals on the rise

The increasing number of flats being turned into short-term rentals is impacting on hotels and also rental properties in Prague and elsewhere in the Czech Republic. But worldwide, some cities are starting to regulate short-term rentals for both public safety and to stop distortion of the real ... more >>
 

Central Bohemia and Prague lead in new flats

The highest amount of new flats per inhabitant were built in the Central Bohemia region between 2010 and 2015, according to the Czech Statistical Office. Some 4.4 flats were built annually for each 1,000 inhabitants. more >>
 

Svoboda & Williams discusses real estate trends

The real estate market has undergone a substantial recovery, but there are changes and trends people should be aware of, including a move toward greener buildings and new rules governing mortgages. more >>
 

Office vacancy drops in Prague

The office vacancy rate in Prague reached 10.6 percent at the end of the fourth quarter of 2016, down 1.1 percentage points compared to the previous quarter, according to figures from Prague Research Forum (PRF). more >>
 

City Hall to discuss Náplavka renovation

Náplavka could see some improvements by next summer. An architectural study will be discussed by City Hall in February. The plan calls for more galleries, cafes and toilets in the wall under Rašínovo nábřeží. more >>
 

Old Town Square building sold for record price

Development firm Coast Capital Partners (CCP) has purchased a historical building on Prague's Old Town Square for Kč 500 million. This comes to Kč 230,000 per square meter, which is a record for the Czech real estate market. Including the underground levels, the building has some 2,000 square ... more >>
 

Penta plans development at the Nusle brewery

Business conglomerate Penta Investments bought the site of a former brewery in Prague's Nusle neighborhood, and they plan to build a Kč 2 billion project with some 450 flats. A historical property on the site will be preserved and likely have shops and offices as well as some flats. ... more >>
 

CBRE: Real estate investments exceeded CZK 100bn

Investments into real estate in the Czech Republic totalled over CZK 100bn in 2016. There were totally 67 transactions. The market was dominated by investments into office properties (43%). more >>
 

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 >>
 
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