Housing construction in the Olomouc Region grew the fastest in the Czech Republic last year. Construction of 2,255 flats started, up by a third year-on-year. The year-on-year growth rate was the highest among all regions. Across the country, housing construction fell 7.7 percent to 41,546 apartments in 2022, according to data from the Czech Statistical Office.
New construction in the Olomouc Region last year accounted for 1,788 housing starts and 467 housing changes to completed buildings. Of these, 997 flats were started in new family houses, 776 in new apartment buildings and 176 in non-residential buildings.
The year before last, housing construction in the Olomouc Region dropped significantly. Construction of 1,690 flats started, down 11.8 percent year-on-year. Housing construction in the region has already fallen by 8.2 per cent year-on-year in 2020 after a previous growth, as a significant part of the construction season was affected by the coronavirus pandemic. In 2019, housing construction in the county rose 2.3 percent.
Residential construction has revived in recent years, especially in Olomouc, where several large residential projects are now being prepared, built or completed. Developers are building flats in the Slavonín district and others have been built on the site of the former telecommunications company SPT Telecom on Tabulové vrch. The Sochorova stavební company is building more than 300 flats on the site of the former barracks in the centre of Olomouc.
Over 200 flats will be built in two phases on the site of the former malting and freezing plants by the development company Link City Centrum NS. Last year, due to high demand for apartments, the Redstone development group extended the construction of the first stage of the Šantovka Living project from the originally planned two apartment buildings to four. This doubled the number of apartments on offer to 68.
Source: ČSÚ and CTK
