The prices of flats in Prague getting lower, especially prefabricated

The real estates in Prague cheapens. Buildings which are in worse shape, which most often means the ex-soviet blocks of flats are sold at three quarters of their price now. A flat with three rooms at Cerny Most cost 3,5 million czk, now real agents sell it about half a million cheaper.

Financial crisis, which stoke also the market with realities, distinctly changed the conditions at Prague realities market. If one wants to buy a flat on the suburbs or in at prefabricated housing, now there is a very good chance of getting a fine deal.

At the ‘good address’, however, the prices are not going down, quite on the contrary, parts of Prague like Vinohrady, Smichov, Brevnov, and the traditionally most expensive Old Town, Little Quarter and Hradcany are still rising prices. The quarters which are ‘cheaper’ now are Petrovice, Komorany, Jizni Mesto, Zahradni Mesto or Cerny Most. If you want a tip of location where the price is going to raise but is ok now, try Zizkov. Also, now newly foreigners can apply.

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