Prague development market in March and April 2017


Taking into account the previous development of the market, the assessed period brought nothing very surprising. The sales and offer of available apartments grew slightly, as did the average price and surface cost of apartments. It seems that in the current situation we are slowly approaching previously unexpected turning points or records. The average price of an available apartment as of 1 May 2017 exceeded CZK 7,000,000 and the price of m2 of area exceeded CZK 90,000 per m2. The offer of available apartments on the development market did not diminish in the monitored period, but from the perspective of economic parameters it is starting to resemble a very thick broth. It could be compared to the Dead Sea – the decrease in the number of apartments makes the price indicators “thicker”.

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