The Czech residential market is reaching its peak, according to an article in E15, as the number of flats sold falls. “We recorded a certain stagnation last year,” according to David Krajný, president of the Re/Max agency for the Czech Republic and Slovakia. “The first numbers indiciate that overall, the market fell by 4 percent,” he told E15. The number of ownership transactions fell by 5 percent, according to the Czech Cadastre Office. Still, prices for homes rose slightly. Flats in new project completions rose 18 percent in price to CZK 107,000, the biggest jump since 2010, while existing real estate rose by an average of 11 percent.
