Housing boom sees most flats completed in over decade

There was a boom in housing construction in the Czech Republic in 2004, with the highest number of new flats completed in over a decade, according to figures released Friday. Over 32,000 flats were completed last year, the highest number since 1992. The trend has been attributed to the easier availability of mortgages, a growth in home building savings and favourable interest rates.

Author: Ian Willoughby