The average offer price of free apartments in development projects in Prague grew by almost 11% y/y to CZK 106,100/m2 at the beginning of 2019. An average apartment covered an area of more than 68 m2 and its price was CZK 7.1m. The total number of new free apartments on the Prague market increased in November and December 2018 and at the beginning of January reached 6,114 (+ 35% y/y). Developers listed housing units in 23 projects for more than CZK 4.8bn. A total of 703 apartments with an average price of CZK 109,900/m2 were put on the market for direct sale. It results from the Deloitte Develop Index.
Prepared by the team of foreign office Czech Trade Chicago