The greatest interest this year is in 2+kk apartments, with Prague 10 leading in locations

Publisher
ČTK
27.08.2015 20:10
Czech Republic

Prague

Prague - This year, buyers interested in a new apartment in Prague most frequently purchased 2+kk apartments, which account for more than a third of total sales (36.7%). The leading location is Prague 10, which represents a quarter of all newly sold apartments in the capital in the first half of this year.

    While buyers' preferences for layouts haven't changed, the leading location has shifted from Prague 9 to Prague 10, which had previously dominated sales. According to Trigema, in the first half of the year, 25.1% of all apartments sold were in Prague 10, while Prague 9 accounted for 24.1% of total sales.
    Ekospol calculated that in the second quarter, developers sold a total of 576 new apartments in Prague 10 and 341 apartments in Prague 9. Following were Prague 5 with 309 apartments and Prague 4 with 201 sold apartments. The significant interest in Prague 10 was strongly influenced by a major project from Ekospol, which began selling apartments from the Ekocity Hostivař project this spring. During the first six months of the year, they sold around three hundred under reservation contracts.
    Prague 10 remains the cheapest district, with the average price of a new apartment being around 49,500 CZK per square meter according to Trigema. In Prague 9, the average is about five and a half thousand crowns higher. The average price of all sold apartments in Prague during the second quarter was 55,555 crowns per square meter. Without including the project in Hostivař, the average price rose to 60,000 crowns per square meter.
    This year, buyers are most interested in 2+kk apartments; according to Trigema, their average area reaches 51.1 square meters, while the average area of all sold apartments this year is 66 square meters. However, according to Ekospol, their share of total sales has slightly decreased this year, while that of 3+kk and 1+kk apartments has increased. The sales by layout are significantly influenced by the developers themselves, depending on how many of which types of apartments they include in the sales.
    This year is currently a record year for developers. According to joint statistics from Ekospol, Skanska Reality, and Trigema, 3,550 new apartments were sold in Prague in the first half of the year, which is a quarter more than last year. At the end of the half-year, developers had an additional 7,000 new apartments ready for sale, with a total estimated value of over 32 billion crowns according to Trigema's estimates.
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