Prague Residential Market Q3 2024
Knight Frank Czech Republic presents a regular investment market update on the Czech real estate market for third quarter of 2024.
Summary of current data:
- Property asking prices of new building are growing at the expected rate, year-on-year by 7.1%.
- After a long pause, new luxury properties or complete renovations are returning to the market in the most expensive locations. Their quality is driving prices up.
- It is now possible to obtain a mortgage even for an unfinished development project, with the interest rate fixed just before disbursement.
- Among investors in small properties, very young people are appearing more and more often. Another trend is cooperative housing.
For more information you can download the report below. We will be happy to answer any questions you may have about the investment data or anything else related to the property.
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Kateřina Poláková
Head of Residential
T +420 602 348 397
