New apartments in Czech Republic most expensive in region

The average price of new apartments in the Czech Republic is the highest among former communist states in the region, according to a newly published study by Deloitte. The average cost per square metre of new flats in this country is three quarters more than in Poland and almost twice as much as in Hungary. It would take Czechs 6.9 years of pay to purchase a 70 metre squared apartment, compared to over 7 years for Slovenians and Hungarians and 11 years for Britons, the report says.

Author: Ian Willoughby