Flat prices in the regions have torn off, rising more than in Prague. See where housing is the most expensive Business
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The most expensive flats outside Prague can be found in the Hradec Králové and Liberec regions. An average square meter will cost about one hundred thousand crowns, or more than 86 thousand crowns. This is mainly due to the fact that the offer includes mountain apartments, which spread the prices and attack the Prague ones.
Prices in Prague hit the ceiling
Data from the development company Trigema and the real estate aggregator Flat Zone state that at the end of March, a square meter in a new apartment outside Prague came out by an average of more than 68,000 crowns. In Prague, over 112,000 crowns were paid per square meter. After Prague, where 2,100 new flats were sold in the first three months of this year, the second largest market is the South Moravian Region. More than 900 new flats went into it, the third place belongs to the Central Bohemian Region with 670 flats sold.
The South Moravian Region owes its position mainly to Brno. “New apartments released for sale will find their interest almost immediately, despite the constantly rising prices,” says Alex Veselý, CEO of Trikaya. It is noted that 324 new flats were offered in the last quarter and 40 percent of them are already reserved.
Trikaya’s statistics show that the average offer price per square meter of a new Brno apartment has exceeded one hundred thousand crowns. Applicants are currently paying 5.34 million for an average apartment of 51 square meters, which is based on 109 thousand crowns per square meter. Exactly a year ago, the new apartment cost a million crowns less. “Year-on-year, this represents an increase of 27 percent on average,” says Veselý.
“Housing prices in Prague have often hit new ceilings and only a slight increase can be expected in the future,” says Radek Polák, Trigemy. Outside Prague, however, the situation is different. “Brno, its surroundings, the Central Bohemian and Plzeň regions are areas where we can assume that residential prices will become even more expensive,” says Polák, adding that compared to Prague, local prices are still about 40 percent lower, in Olomouc even almost half .
Mountain apartments at Prague prices
According to Trigema and Flat Zone, the most expensive apartments outside Prague are located in the Hradec Králové and Liberec regions. In the Hradec Králové region, the average price per square meter in a new apartment climbed to almost one hundred thousand crowns, in the Liberec region it was more than 86 thousand crowns. This is mainly due to the fact that the offer of new flats also includes mountain apartments. Today, they are willing to pay almost the same for them as for a Prague apartment.
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“Mountain apartments are not published for 100 and 150 thousand crowns per square meter,” says Tomáš Jelínek, CEO of the Century 21 real estate network. New apartment projects are also available in southern Bohemia and Pilsen, specifically in Zadov, Lipno nad Vltavou or Iron Ore. In the Ústí nad Labem region, new residential projects in the Ore Mountains around Klínovec raise prices.
It is necessary to point out that the regions – with the exception of Jihočeský, Středočeský and Olomoucký -, from the point of view of sold flats, represent small markets and statistics can thus include a few luxury mountain apartments.