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Czech housing output slows
Country: Czech Republic
7 December 2009 The number of new homes in Czech Republic being built continued to fall in the third quarter of this year, according to the latest figures released by the Czech Statistical Office (CSU). Data from the CSU shows that a total of 11,234 Czech properties - new houses and flats – were built in Q3 2009, down 5.7% compared to Q3 2008. However, the research shows an improvement on Q2 2009, when the level of housebuilding fell by 21.2% year-on-year. Just short of 5,300 new houses in Czech Republic were built in Q3 2009, down almost a fifth on Q3 2008. The planning and building control authorities granted almost 10% fewer building permits in the last quarter, compared to the corresponding period last year. Vaclav Matyas, president of the Czech Association of Building Entrepreneurs (SPS), says that the fall in residential construction levels reflects the fact that banks are being far more cautious in lending money to developers for new projects.
See Also: Czech Republic, Marc Da-Silva
Some properties in Czech Republic
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Price: £88,884
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Type: New Home
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Bedrooms: 2
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Exclusive living in the centre of Prague within short distance of the finest cultural and recreational facilities. Unique residential complex of luxury apartments ranging from studios to penthouses.
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Price: £105,000
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Type: Apartment
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Bedrooms: 1
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Corn Lofts is a beautifully designed building in the high growth area of Karlin, Prague 8. The development is situated just 2 minutes walk from a metro station that is only 2 stops to the city centre.
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Price: £113,000
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Type: Apartment
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Bedrooms: 1
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Offplan investment apartment approx 10% below market value, completion due in March 2009.
The apartment is situated in a new build development in Liben, Prague 8.
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Price: £129,000
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Type: Apartment
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Bedrooms: 1
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Investment apartment in Avenium Residence, around 20% below market value.
Avenium Residence is situated in the high growth location of Holesovice, Prague 7, just across the river from Prague’s city centre.
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Price: £130,000
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Type: Apartment
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Bedrooms: 1
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Korunni Residence is situated in, Vinohrady, the Knightsbridge of Prague. This is a high quality area, popular with both wealthy locals and expats, not far from the city centre.
• 3% discount off list price
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Price: £138,000
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Type: Apartment
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Bedrooms: 1
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Residence Prokopova is a very high quality development in a great growth location - Zizkov, Prague 3 - just five minutes from the city centre.
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Price: £161,000
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Type: Apartment
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Bedrooms: 1
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Investor landlord offers this low priced resale apartment at a great price. Situated in the south of the city in Prague 4 the area has grown rapidly, especially due to the expansion of nearby business parks.
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Price: £278,118
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Type: Apartment
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Bedrooms: 2
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Amazing newly refurbished apartments in the previously known 'Royal Quaters' of the heart of Prague. Only 10 apartments available, all stunningly designed with the utmost care and attention to detail.
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Price: £105,000 Bedrooms: 1 Karlin. A dynamically developing area of Prague. 2 mins walk from metro station & 2 stops from city centre.
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Price: £129,000 Bedrooms: 1 Holesovice Prague 7: across the river from city centre. 73sq m with garage and storage. Expected yield 5.5-6%.
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Price: £130,000 Bedrooms: 1 3% discount off list price.
prices approx 10% below market value.,
Prague market growing at 20% pa.
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