New flat prices in Prague jump nearly 10 percent

The sale price of new apartments in Prague rose by an average of 9.4 percent year-on-year at the end of June, according to a report from property developers Trigema, Skanska Reality and Central Group.

Average prices increased by 5.6 percent compared to at the end of the first quarter of 2021.

The developers say that prices have increased due to demand outstripping supply, as well as a rise in the cost of construction materials.