Prague most expensive city in Central Europe when it comes to new real estate

24-05-2012

According to a fresh survey by the consulting company Deloitte, Prague is the most expensive city in Central Europe when it comes to prices of newly built real estate. Currently, the average square meter rate for new apartments is at some 2500 Euro, which is comparable prices in Berlin. Prague is one of the few cities where new real estate costs more than twice as much as new properties in the rest of the country. Among the twelve European cities compared in the survey, Paris was the most expensive, with some 8000 Euro per square meter. The cheapest properties were found in Budapest, where buyers are looking at 940 Euro per square meter.