Prague New Apartments 23% Price Increase 2018

The average price for new flats in Prague increased in the first quarter of 2018 by 22.8 percent year-on-year to 88.552 crowns per square meter, according to the data by local development companies Trigema, Skanska Realty and Central Group. 

The number of sold apartments dropped by 11 percent in the first quarter to 1,200 compared to the same period last year. As of 2015, the prices of flats in the Czech capital have increased by sixty percent.