Sales Prices of Older Flats in the Czech Republic Rose by 22.5% to CZK 80,367 sqm
Sales prices of older flats in the Czech Republic at the end of the first quarter rose by an average of 22.5 percent year on year to CZK 80,367 per sqm. The most expensive was Prague (CZK 104,103 per sqm), the cheapest was the Ústí nad Labem region (CZK 25,819 per sqm), according to the company Bezrealitky. “Even a year with coronavirus did not stop the growth of prices of older housing. Records and major milestones fell across the country. Older apartment in Prague is selling for more than CZK 100,000 per sqm. This is the price at which it was possible to buy apartments in mid-2018. For the first time, prices in Brno exceeded CZK 70,000 per sqm, “said Hendrik Meyer, director of Bezrealitky. After Prague, the most expensive flats were in the South Moravian Region (CZK 70,923 per sqm) and the Central Bohemian Region (CZK 58,705 per sqm). The cheapest Ústí nad Labem region was followed by the Moravian-Silesian region (CZK 33,145 per sqm) and Vysočina (CZK 34,036 sqm). Year-on-year, prices rose the most in the Liberec Region, by 57.1 percent. In the Ústí nad Labem Region they increased by 42.8 percent, in the Hradec Králové Region they...