Average price on new flats in Prague increased by 11 percent year-on-year

The average price of new flats in Prague increased in May and June by 11.2 percent year-on-year to 75,600 crowns per square metre, according to the recent data released by Deloitte consultancy on Wednesday. Compared to the previous two months, it represents an increase by 2.8 percent. At the end of June there were 4,700 new flats available in the Czech capital, which is a 30-percent drop on 2015.