New flats price surge in Prague continues

The price of new flats in Prague climbed by an average 23 percent in the year to the end of April according to figures released by the consultancy Deloitte. The average price per square metre now stands at 90,400 crowns. Deloitte highlighted the fact that the new flat offer was down by around a quarter on the same period a year earlier. Smaller and more affordable flats were being snapped up almost immediately meaning that many buyers were faced with more expensive options, it added.