New flat prices in Prague rise by 23 percent year-on-year

The average price for new flats in Prague increased in the first quarter of 2018 by 22.8 percent year-on-year to 88.552 crowns per square meter, according to the data by developer companies Trigema, Skanska reality and Central Group released at a press conference on Wednesday.

The number of sold apartments dropped by 11 percent in the first quarter to 1,200 compared to the same period last year. As of 2015, the prices of flats in the Czech capital have increased by three fifths.

Author: Ruth Fraňková