Average price of apartments increased by over 11 percent in second quarter of 2016

The average price of apartments in Prague and other regional towns in the Czech Republic increased by 11.1 percent year-on-year in the second quarter of 2016, according to the price-tracking website cenovamapa.org. The average price per square metre in Prague was 60,300 crowns, while in Ústí nad Labem, square metre is sold for 11,400 crowns. The quarterly increase was 6.1 percent, which is the fastest growth since 2010. The sales of apartments in the second quarter amounted to 20 billion crowns.