Prague development market in November and December 2018


The assessed period covered the second and third month from the start of mortgage lending restrictions. It is still too soon to judge its overall impact on the market situation, yet it is already possible to characterise certain changes and, at the same time, identify steady trends. In terms of the supply of new apartments, November and December were slightly above average, with the supply amounting to 105% of prior years’ average during the two months. 703 new apartments were put on the market for direct sale with an average surface area price parameter of CZK 109,945 per m2. This time, apartments that formed part of reconstruction projects accounted for a significant 45% of apartments and their average surface area price parameter was CZK 119,341 per m2.

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