Housing costs continue to rise

The cost of housing in Czechia continues to rise and high demand for apartments drove their prices to new highs in the second quarter of this year, real estate agencies reported. In the largest cities across the Czech Republic, the average purchase price surpassed CZK 100,000 per square metre for the first time in history, according to the latest Real Index survey conducted by the consulting company Deloitte. Across the country, people bought flats for an average of CZK 101,700 per square metre. An average 70-metre flat cost CZK 7.1 million, which is almost 12 percent more than a year ago. The most expensive housing is traditionally in Prague, where between April and June an average apartment cost CZK 132,000 per square meter, up 15 percent year-on-year. The cheapest apartments are available in the Ústí nad Labem region where they sell for CZK 34,900 per square metre on average.