Prices of older Czech apartments grew by an average 10.9 year-on-year in February, to around 39,000 per square meter, data from the market monitors CeMap show.
The most expensive properties are in Prague, where the average price per square meter for an old flat stood at 92,000 crowns (3,600 euros.) This is five times more than, for example, in the North Bohemian city of Ústí nad Labe.
According to Ondřej Hon of CeMap, the growth of apartment prices is fueled by a shortage of quality property and low building development in larger towns and cities.
Language exams for foreigners seeking permanent residency permit to become tougher
Czech teenager builds second-largest ever Millennium Falcon LEGO model
Gunman kills six patients in Ostrava hospital, two more fighting for their lives
HN: Developers aiming to sell co-living concept in Prague
Press: Era of 100-crown lunch special is over, as food prices rocket