Real estate agencies making speculative buys in towns that could give way to mining

Real estate agencies are reported to be buying up property in the towns of Horní Jiřetín and Černice which may have to give way to mining if mining limits on brown coal imposed in the early 1990s are relaxed. According to Czech Television two real estate agencies –Double B and Double Pro – have invested tens of millions of crowns into the speculative purchases. City planning authorities in the two towns have confirmed that the said real estate agencies had acquired close to a third of the houses in Horní Jiřetín and Černice in view of making huge profit if the towns are slated for demolition. A decision on whether to relax the limits is expected in the spring.