A year ago, residential sales in Prague had hit rock bottom as interest rates, inflation and fears for the future peaked. So, with falling inflation and improvement on interest rates, an uptick in sales for Q1 this year wouldn't have been surprising. The thing is, they more than doubled according to the regulator monitoring of Trigema, Skanska and Central Group. From January to March, developers in Prague sold 1,600 new units, which is 2.5 times more than in 2023. That's more than just about every quarter from 2017 until the pandemic (when resi sales went crazy . . .
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