Prague development market in September and October 2016
The development market entered the September-October period with what has already been a long-term decrease in the supply of available apartments. Although the pace of the decline almost came to a halt in July and August, only the following months will show whether this constitutes a change in the trend. September and October saw, indeed, a very slight increase in the number of available apartments - from a 0.2% drop in July-August 2016 to a minor increase of 0.1% - i.e. an increase in the supply of available departments of mere 7 units. The annual deficit of apartments on the market decreased from 2,134 available apartments to 1,980 available apartments, i.e. a 29% decline in supply as compared to the same period in 2015. Compared to the previous two months, demand recorded a marked increase from 878 sold apartments to 1,532 apartments, i.e. of 74.5%. Compared to the same period in 2015, it recorded an increase of under 18%.