Flat prices in the Czech Republic are rocketing, while prices for family houses and plots are slowing, according to an index published by Hypoteční banka. Flat prices rose 12.1 percent y-o-y, with the biggest increases recorded in South Moravia, Central Bohemia, Prague and Pilsen. Ústí nad Labem reported slow growth due to weak demand. In the Olomouc region, growth slowed after a very active 2016. Prices for flats in panel houses grew faster than those in brick houses. Two-room flats are the most sought-after, with 50 to 75 sqm units the most desirable.
Prices for family houses grew 4.9 percent and plots by 11.9 percent y-o-y. Land prices rose 5 percent on the average over the past five years, which makes land a safe investment, according to Hypoteční banka.
