Despite the coronavirus, residential prices in the Czech Republic continue to rise. But with the wages of people who are supposed to buy them no longer rising as quickly, the limits for prices may be coming into view. Figures assembled by the real estate agency FerMakleri.cz show that the year-on-year price growth was the most dramatic in Hradec Kralove, where flats cost 22.1 percent more in the third quarter than they did in 2019. The numbers were similar in other larger towns such as Ostrava, where prices jumped 21.8 percent and in Usti nad Labem, where they were 20.6 percent up. But the study found that while the average price for a Prague apartment now costs CZK 105,307 per square meter, prices in the Czech capital rose just 10.8 percent in the third quarter. By comparison, flats in Hradec Kralove are selling for just CZK 54,547 per square meter. In fact, the second highest prices for flats are to be found in Brno where they cost just CZK 73,691 per square meter.
