Deloitte develop index 07-08 2019
The real estate market has seen a price drop for the first time in 2019. The number of available apartments on the Prague market decreased to 5,442, which was caused, inter alia, by good sales figures, a small number of new apartments as well as the withdrawal of two development projects from the market. The average price of available apartments offered in the development projects on the Prague market was CZK 110,000/sq. metre, which is a year-on-year increase of more than 7%. With an average offer price of CZK 193,000/ sq. metre, Prague 1 remains the most expensive Prague district. Contrarily, the cheapest apartments may be purchased in Prague 9, for CZK 97,200/sq. metre on average.