Prices of flats up 5.6 percent year-on year

Prices of flats in the Czech Republic increased by 5.6 percent year-on-year in the fist quarter of this year, according to the latest data published by the Czech Statistical Office. The price growth slowed down a bit in the capital, with prices increasing by 4 percent, but accelerated in the rest of the country. The average price of a new flat last year stood at about 20,500 crowns per square metre (1,300 US dollars).