Prague development market in July and August 2018

16.11.2018

In terms of the supply of new apartments, July and August once again saw a lack of available housing in Prague. Only 387 new apartments were put on the market for direct sale with an average surface area price of CZK 106,467 per m2. Almost half of the new apartments (47.8%) formed part of reconstruction projects, with an average surface area price of CZK 130,971 per m2. As opposed to the prior period of May and June, during which the new offerings substantially boosted sales, the new supply of apartments did not have such an effect in this period and was one of the principal reasons for the substantial decrease in sales during the summer holidays.

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