Press: price of sites not affected by financial crisis

While flat prices in the Czech Republic have been hit by the financial crisis, the value of sites in many parts of the country has risen considerably since 2007, Mladá fronta Dnes reported. The newspaper said the price of parcels of land in several regions, including Prague, had increased by 20 to 30 percent in the space of two couple of years. Values have risen most in the case of well positioned sites intended for the construction of offices and commercial centres. By contrast, values have fallen when it comes to land intended for large apartment complexes and industrial and logistics buildings, a real estate expert told the daily.

Author: Ian Willoughby