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!

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 >>
 

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 >>
 

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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 >>
 
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