In 2013, house sales have increased in Prague but decreased in the Czech Republic overall. The same trend can be observed in the dynamics of real estate prices and in change in the volumes of construction, according to ee24.com citing cznews.info and Prague Daily Monitor.
Sales of apartments in Prague have reached the level of 5 thousand, becoming the record high since 2008. In annual terms, the activity in the market in the capital has added 5%. And across the country, on the contrary, by 6% less properties were sold than a year earlier.
Property prices in the Czech capital have increased by 2% during the year. Now an apartment in Prague can be bought for an average of €2,133 (58,600 czech crowns) per sq.m. Interest in Prague is growing due to the large number of cheap housing (less than €1,600 per sq.m) and the availability of mortgage loans (the average rate is about 3% per annum).