One thousand and one empty apartment in Prague

One thousand and one empty apartment in Prague

Czech developer Trigema reports that there are about thousand of empty apartments in Prague. Moreover, the number of unclaimed apartments increases, writes ee24.com citing radio.cz.

It's striking that the vast majority of empty apartments in Prague are located in the most respectable areas of the city such as the Vinohrady and Žižkov. Prices in these places can reach €5,000 or more per square meter. Recall that an apartment in Prague can be purchased at an average for €2,341 per square meter.

Demand for empty flats falls due to the emergence of more attractive offers: in the last quarter of 2013, new homes with inexpensive apartments were built. In addition, empty flats are in bad locations (even though within good neighborhoods) and they cost too much