From bad to worse: materials shortage hits flat prices

Prices for flats in Prague jumped 13.5% in Q1 2021 compared to Q1 2020 to reach an average of CZK 100,000. That sounds horrendous but things were worse in Ostrava where the price per square meter rose by 31% -- the proviso there is that the average price now stands at CZK 34,400 per sqm. From a blended-badness point of view, Brno perhaps suffered the worst: prices rose 22.3% to CZK 80,000 per sqm. Those who waited until Q1 2021 to buy in České Budějovice will find their patience a costly virtue . . .



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