Flat prices climb by average 2.7 percent in third quarter

The pace of price rises for flats in Prague and other major Czech cities slowed slightly in the third quarter to 2.7 percent compared to the previous one. The average price per square metre now stands at 46,200 crowns. Prices for the most expensive category of Prague flats stand at 61,500 crowns per square metre. At the other end of the price range, those in the northern city of Ustí nad Labem are selling for an average 10,700 crowns per square metre. Flat prices in major cities have climbed by an average 21 percent since the start of 2015. In Prague, buyers now have to save more compared with their average wages for a flat than people in Berlin, Bratislava, or Vienna.